Retail Banking
Philippine GE Money now a Banco De Oro subsidiary
Banco De Oro has completed the purchase of 98.81 percent of the issued and outstanding common stock of GE Money Bank. At the same time, the Bank...
Philippine GE Money now a Banco De Oro subsidiary
Banco De Oro has completed the purchase of 98.81 percent of the issued and outstanding common stock of GE Money Bank. At the same time, the Bank...
Capital markets, interests push UnionBank income up 83%
UnionBank credits its treasury business and interest earnings for the 83 percent surge in its first half income. The bank registered a profit of US$45...
UOB profit drops 22% to $328 million
Provisions for bad loans almost trebled USD$310 million as chairman Wee Ee Hong said he was more upbeat.
Metrobank trims costs 6.7% to post 11% profit increase
Metrobank President Arthur Ty says his bank will continue to cut costs to boost the bottom line, and it's working.
Thai gov't puts Siam City on the block
And the government considers waiving 49 percent rule to allow foreign banks to take a controlling stake.
Wing Hang profits down by 45.4%
Wing Hang Bank blames unemployment and shrinking trade for its 45.4 percent decrease in profits for the first half of 2009.
BEA expands in Taiwan via wealth management
The Bank of East Asia opened its its newly-formed and wholly-owned wealth management services subsidiary in Taiwan.
HSBC's stake in Bank Ekonomi now 98.96%
HSBC has completed a mandatory tender offer for the remaining 10.11 percent of the Bank Ekonomi shares held by the general public.
Fubon's net profit for 1H09 down by 60%
Fubon Bank and its subsidiaries reported a net profit of US$13 million for the first six months ended 30 June 2009. The global financial crisis and...
Kookmin profit falls on deposit rates
A slew of high yield term deposits sold by Kookmin say its net interest margin fall by half a percent in Q2 and profit slump over 60 percent.
Kbank 1H09 profit down to US$220.5M
Kasikornbank and its subsidiaries recorded a net profit of US$220.5 million for the first half of 2009. The said net profit is 13.83 percent lower...
Honey, I shrunk the bank
India's ICICI Bank may have posted a profit last quarter, but deposits shrunk 6.4 percent even as it increased branches by 13 percent and its rivals...
HSBC: We have passed the worst
HSBC Chairman Stephen Green says the bank has passed the bottom in the cycle in financial markets as the bank saw net income fall over 50 percent to...
OCBC 2Q net profit up by 10%
OCBC Bank reported a net profit of US$325.3 million in the second quarter of 2009, up 10 percent from the US$296.6 million profit a year ago...
RBS Weath in Singapore sold to ANZ
After months of negotiations, ANZ has been confirmed as the buyer of RBS' wealth and retail operations in Singapore, Indonesia, Taiwan, and Hong Kong...
State Bank of India profits up 42% to $481 million
It’s good news for now as India's largest bank adds branches in rural areas and gaining market share against rivals like ICICI.
Maybank clients get to personalise tenure dates
With 60 percent of customers opting for 9 and 12 month tenures, Maybank Singapore allows personalised tenure dates with its Choice Date Time Deposit...
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
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