News
Seylan's 1st half remittances reach $110.4M
Personalised service to Sri Lankan overseas workers allowed Seylan Bank to disburse US$110.48 million in remittances in the first semester.
Seylan's 1st half remittances reach $110.4M
Personalised service to Sri Lankan overseas workers allowed Seylan Bank to disburse US$110.48 million in remittances in the first semester.
ICBC credits new products for increased incomes
ICBC introduced 320 varieties of new financial products during the first half of this year to increase its incomes in investment banking, debt financing tool underwriting and corporate financing.
Hatton National Bank's profit up 13% to US$15.39 million
Increased earnings from fixed income securities and customer deposits pushed Hatton National Bank's net interest income up by 18 percent to US$61.67 million.
ICBC grows assets by pursuing Chinese clients overseas
By extending its overseas operating institutions to 15 countries, ICBC's overseas operating assets as of end of June grew to US$46 billion, increasing 15 percent from the beginning of 2009. So far the Industrial and Commercial Bank of China had set up and owns 143 overseas branch institutions and banks and established agency relationships with 1378 banks in 125 countries and regions.
BPI first half net income up 38.4%
BPI turned in a net income of US$49 million in the second quarter 2009, bringing the first semester total to US$108 million, 38.4 percent over 2008. Return on equity and return on assets stood at 16.5 percent and 1.7 percent, respectively.
Security Bank ROE up 20.76% for 1st half
Increase in loan portfolio and deposit base pushed Security Bank's Return on Equity to 20.76 percent. This is significantly higher than the Bank's 19.23 percent ROE for the full year 2008.
Sound basics help Alliance bring up profit by 21%
Alliance Financial Group recorded a quarter on quarter improvement of 21 percent with an operating profit of US$33.2 million for the second quarter. This is an increase of US$5.67 million or 21 percent from the last quarter ended 31 March 2009.
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$45.5 million from US$24.82 million in the same period last year.
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.
Ambank’s quarterly profit up by 27%
Ambank Group recorded a profit after tax and minority interests of $731.34 million for the first quarter of its financial year ending 31 March 2010, thanks to its Retail Banking business. This represents an increase of 27 percent over its previous corresponding quarter and annualised earnings per share of $.1074 and post-tax return on equity of 13.1 percent.
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.
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 the ensuing recession that emerged from the fourth quarter of 2008 continued to weigh heavily on Hong Kong's economy and had negatively impacted on the Bank's earnings.
KTB eases payment terms, boosts 2H09 lending
KTB anticipates approving loans of not less than US5.2 billion in the second half of the year.
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.
Thought Leadership Centre
In Association with
In Association with
In Association with
Most Read
1. DBS CEO Piyush Gupta sells S$2.69m bank shares 2. Why tech is not the focal point of banks’ digital transformations 3. OCBC remains stable amidst strong credit fundamentals: Moody's 4. Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May 5. DBS names Ping An Tech’s Eugene Huang as bank CIOResource Center
Read Here
Advertise
Sign Up
Awards
Jul
04
Jul
04
Jul
04
Events
Jun
24
Event News
Event News
Unlock the future through the Asian Banking & Finance Forum 2024 in Kuala Lumpur
![Unlock the future through the Asian Banking & Finance Forum 2024 in Kuala Lumpur]()
Co-Written / Partner
Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
In Association with
Most Read
1. DBS CEO Piyush Gupta sells S$2.69m bank shares 2. Why tech is not the focal point of banks’ digital transformations 3. OCBC remains stable amidst strong credit fundamentals: Moody's 4. Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May 5. DBS names Ping An Tech’s Eugene Huang as bank CIOAwards
Jul
04
Jul
04
Jul
04
Events
Jun
24
Commentary
Generative AI’s role in the evolution of banking
Beyond the Hype: Building Trust in Generative AI for a Secure Financial Future