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Branch Banking

Maybank Philippines reports 36.8% revenue rise

61 reads

Also posts 55.9% year-on year jump in pre-tax profit. Maybank Philippines reported revenues at US$22 million on account of higher non-interest income for the first quarter ended March 31. Read ››

State Bank of India to merge with subsidiary

132 reads

India's largest bank not constrained by merger cost. State Bank of India Chairman Pratip Chaudhuri said the bank is likely to merge at least one of its associate banks with itself by the end of this year. Read ››

Philippines wants rural banks to expand operations

81 reads

Over a third of towns without banking offices. The Bangko Sentral ng Pilipinas, the central bank, said rural banks also need to expand their operations since only 20% of Filipino households have deposit accounts. Read ››

Doha Bank to open in Hong Kong

130 reads

Expects to have an office in the next few months. Read ››

ICBC to open RMB center in Luxembourg

177 reads

Spurred by successful US$1.7 billion trade last year. The Industrial and Commercial Bank of China, China’s largest bank, plans to establish a renminbi cross-border business center in Luxembourg to cover Europe. Read ››

BPI opens first branch powered by solar energy

153 reads

Intends to equip more branches with solar arrays. Bank of the Philippine Islands (BPI) President Cezar Consing inaugurated the branch located along Ayala Extension in Makati City. Read ››

A closer look at Indonesian banks' declining NIM

Hanel Topada
BY HANEL TOPADA
302 reads

Since reference rate is at its lowest throughout the history, whilst inflation stays low, the banks struggle to earn yield. Read ››

RHB Thailand raising capital for expansion

182 reads

Remains intent on asset acquisition to fuel expansion. RHB Bank Bhd Thailand, Thai unit of Malaysia's fourth-largest lender, intends to boost capital to go forward with an aggressive expansion plan. Read ››

Axis Bank to open first branch in China

147 reads

Will also be the first Indian private sector bank branch in China. Read ››

Big Four stop doing business with North Korean bank

54 reads

Increases pressure on North Korea to abandon nuclear power program. Read ››

ICBC Thai focusing on retail market

123 reads

Wants retail to account for 50% of total income by 2016. Read ››

Sumitomo Mitsui to open bank branch in Perth

160 reads

Expansion into Western Australia driven by need to support Japanese firms. Read ››

Overseas Indian banks post high credit growth

142 reads

Growth stood at 27% 2011-12 compared to foreign banks operating in India. Read ››

BOC to expand operations in Cambodia

212 reads

Bank of China prompted by rapid business growth in Cambodia. Read ››

Indian banks boosting overseas staff

134 reads

Number of employees working abroad rose 6.1% in fiscal year 2011-2012. Read ››

Citi Philippines has new head

229 reads

Batara Sianturi is the new Citi Country Officer for the Philippines and the Philippines/Guam Cluster Head. Read ››

There's no stopping Asian bank's digitalisation

Dean Young
BY DEAN YOUNG
303 reads

When it comes to Asia, digitalisation is crucial for businesses to succeed. Read ››

Citi Philippines named Best Bank in Asia Pacific--again

186 reads

Is the ninth straight year the bank has won the award. Read ››

BDO aims for 800 branches in 2013

208 reads

Branch expansion a hedge against tougher regional competition. Nestor Tan, President of BDO Unibank Inc., the largest Philippine lender by assets, said the bank will add 50 more branches to its network this year. Read ››

Indian banks opening more branches in tax havens

231 reads

Indian banks open 55 branches in tax-friendly states. Indian media says 55 of the 100 international branches of Indian banks are in well-known tax havens. Read ››

Maybank pushes Philippine expansion

261 reads

Plans to open 25 branches this year and 25 in 2014. Read ››

2 possible scenarios in the Eximbank-Sacombank merger

373 reads

Check out which scenario is more favorable. Maybank Kim Eng looks at two merger scenarios. Read ››

Singapore driving Indonesian banking expansion

Martin Smith
BY MARTIN SMITH
466 reads

Singapore has long been considered the epicentre of wealth management and financial services for Asia, and to a greater extent the globe. Read ››

Find out what supports Japanese mega banks' overseas operations

274 reads

Foreign-currency liquidity and certificates of deposit are on the list. Read ››

Eximbank-Sacombank merger to be Vietnam's largest M&A deal to date

336 reads

The combined entity would have a market cap of about USD2b. Read ››

CCB opens branch in Russia

315 reads

China Construction Bank becomes third Big Four bank operating in Russia. Read ››

SBI plans to double UK branches

297 reads

Expansion will see 20 branches by 2018. State Bank of India’s network expansion attests to the strong appeal of the UK as a retail banking market notwithstanding its maturity and tougher regulation since the 2008 financial crisis. Read ››

Small Hong Kong banks dead set on expanding abroad

378 reads

Blame it on competitive pressure in a mature low interest-rate Hong Kong market. Read ››

Bank Mandiri's branch network now 1.8 times the size of BCA's

364 reads

Branch network increased by 1.6 times between 2009 and 2012. Read ››

Mizuho hunts for assets in the USA

277 reads

Japan's second-largest bank intends to acquire a US commercial bank in the next three years, Mizuho Financial Group, Inc. Read ››

RBS to fire employees at Indian unit

472 reads

Layoffs part of the bank’s plan to wind down its retail and commercial operations in India. Read ››

India urges China to broaden banking ties

361 reads

Its aim is to reduce financial barriers in order to create a more conducive environment for companies. Read ››

Myanmar opens banking sector more to foreigners

493 reads

Foreign banks could own majority shares in joint-venture banks. New legislation due to be passed in April might allow foreign banks to own to also apply for licenses for wholly-owned subsidiaries. Read ››

More Indian banks open full branches in China

368 reads

Union Bank of India is the latest to apply for permission to upgrade a representative office. Read ››

Westpac eyes to expand in Asia

247 reads

Australia’s second largest bank’s major play for Bank of East Asia underscores expansionist leanings. Read ››

State Bank of India to open second Chinese branch

388 reads

Will be located in Tianjin, the largest coastal city in northern China. Read ››

Hana Financial to delist KEB after buy out

432 reads

Will follow its taking over 100% of Korea Exchange Bank. Read ››

Hong Kong banks threatened by intensifying competition from foreign banks

478 reads

Aggressive Chinese banks increased their presence in Hong Kong from 9% to 15%. Read ››

Maybank injects US$100m capital for growth in the Philippines

379 reads

It recently invested US$48m for a new head office in Manila. Read ››

PNB-Allied Bank merger to be completed in February

281 reads

Consolidated earnings expected to decline 7.5% to PHP5.7b this year. Read ››