Retail Banking
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RETAIL BANKING |
16 hours 53 min ago
14 reads
Will profit substantially from rupee plunge.
State Bank of India, the nation’s largest lender, expects to profit after the rupee’s plunge prompted it to accelerate selling its government debt holdings. Read ››
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RETAIL BANKING |
18 Jun 13
45 reads
Find out what the 4 major features could be.
According to Barclays, financial sector reform is the stated top priority for China's new central government. Read ››
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RETAIL BANKING |
14 Jun 13
74 reads
RMB assets to rise to 32% of their portfolios.
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RETAIL BANKING |
13 Jun 13
96 reads
CIMB pioneers human capital development programme.
CIMB Group signed a partnership agreement with six partners – PricewaterhouseCoopers (PwC), Accenture, DraftFCB, Teach for Malaysia, HP and ZICOlaw – to offer local graduates a dual-track programme designed to broaden their knowledge and cultivate varied skill sets. Read ››
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RETAIL BANKING |
13 Jun 13
109 reads
But 15% said they will do so in 2014.
According to East & Partners Research, the global private banking industry has made a significant investment in winning High Net Worth Asian clients over the last decade, and after several years of scepticism there is now fresh evidence that the investment is yielding results. Read ››
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RETAIL BANKING |
13 Jun 13
201 reads
Spanish bank expects non-performing loans to rise gradually, however.
Banco Bilbao Vizcaya Argentaria, SA, Spain’s second largest bank, said that despite rising risks from lending in the real estate sector and the growth of shadow banking, China’s overall financial system remains healthy. Read ››
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RETAIL BANKING |
13 Jun 13
83 reads
It has a US$441m agriculture portfolio.
The Philippines’ second largest bank is increasing its involvement in agriculture with the launch of BPI Agribusiness Solutions in Davao City in the island of Mindanao. Read ››
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RETAIL BANKING |
13 Jun 13
201 reads
58% of BOC is now CIMB-owned.
San Miguel Corporation has finalized a deal with Malaysia's CIMB Group Holdings Bhd on the sale of a majority stake in Bank of Commerce. Read ››
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RETAIL BANKING |
12 Jun 13
163 reads
Pays market-leading rate to selected savers.
The "HiSave" fixed-rate accounts consist of a two-year fixed-rate bond paying 2.3%; a three-year bond paying 2.55% and a five-year version paying 2.75%. Read ››
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RETAIL BANKING |
12 Jun 13
66 reads
Will be led by mid-sized commercial banks.
The Bangko Sentral ng Pilipinas expects a rise in mergers and acquisitions in the banking industry, especially for mid-sized commercial banks as ASEAN prepares for a closer banking network relationships. Read ››
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RETAIL BANKING |
11 Jun 13
93 reads
Hang Seng and HSBC will benefit the most.
Barclays Reserach finds that the earnings of Hang Seng Bank and HSBC would benefit the most from rising interest rates. Read ››
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RETAIL BANKING |
11 Jun 13
955 reads
The youngest CEO is the highest paid.
Asian Banking and Finance compiled the published annual reports for 2012 of Singapore's largest banks – DBS, UOB, and OCBC – to give you an idea of how much they’re getting every year. Read ››
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RETAIL BANKING |
11 Jun 13
550 reads
It has an area of 6,266 square feet.
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RETAIL BANKING |
06 Jun 13
101 reads
Will lay the basis for interest rate liberalization in banking sector. Read ››
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RETAIL BANKING |
06 Jun 13
103 reads
Adds six months to start-up time.
The Reserve Bank of India, the central bank, added six months to meet a demand from potential applicants for banking licenses. Read ››
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RETAIL BANKING |
05 Jun 13
122 reads
Maybank announced that Encik Mohamed Rafique Merican Mohd Wahiduddin Merican has been appointed as Officer-in-Charge of the Bank effective 5 June 2013. Read ››
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RETAIL BANKING |
05 Jun 13
123 reads
April statistics reveal momentum is moderating.
According to Barclays Research, the MAS April monetary statistics showed slowing loan growth momentum after a strong 1Q13, while the system loan to deposit ratio rose to 99%, another record high since 1999. Read ››
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RETAIL BANKING |
05 Jun 13
100 reads
Norms seem to favor large corporations, however.
Analysts said the clarifications issued by the Reserve Bank of India, the central bank, on new bank license norms this week leave lesser room for regulatory discretion and disputes and will be an incentive to very serious players to finally seek licenses. Read ››
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RETAIL BANKING |
03 Jun 13
148 reads
First Commercial Bank is ranked first.
The Financial Supervisory Commission said First Commercial Bank was the best performer among eight state-run banks over the past two years. Read ››
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RETAIL BANKING |
03 Jun 13
77 reads
President Benigno Simeon Aquino signs Republic Act 1057 into law. Read ››
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RETAIL BANKING |
03 Jun 13
96 reads
Loans to begin June 1.
The State Bank of Vietnam, the banking regulator, said five commercial banks are prepared to supply home loans for their customers. Read ››
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RETAIL BANKING |
30 May 13
191 reads
Says wealth management services becoming more popular.
Some 7 out of 10 respondents to the Citi Financial Quotient Survey expressed preference for global and regional banks. Read ››
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RETAIL BANKING |
29 May 13
111 reads
These also threaten banks’ profits, however.
Rules seeking to cut risks in China's financial services industry have diminished the appeal of wealth management products, which are high-yield alternatives to bank deposits. Read ››
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RETAIL BANKING |
29 May 13
131 reads
Rating reflects OCBC’s strong capital position.
Moody’s Investor Services has assigned a baseline credit assessment (BCA) of aa3 to Overseas-Chinese Banking Corporation Ltd. Read ››
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RETAIL BANKING |
24 May 13
250 reads
China Construction Bank among buyers of a 55% stake in VTB Bank. Read ››
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RETAIL BANKING |
23 May 13
187 reads
Yang Kun is highest-ranking bank executive to be investigated for corruption. Read ››
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RETAIL BANKING |
22 May 13
189 reads
Vietnam will compel banks to sell bad debt to new Asset Management Company. Read ››
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RETAIL BANKING |
22 May 13
392 reads
Total cuts now more than 200 basis points since July 2012. Read ››
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RETAIL BANKING |
21 May 13
284 reads
Gap between big banks and JSBs narrowed.
According to Barclays, the gap between big banks (BBs) and joint stock banks (JSBs) has narrowed – JSBs’ average profit growth decelerated to 13% y/y (vs 32% for 1Q12), barely in line with the BB’s average of 11% y/y (vs 15% for % 1Q12). Read ››
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RETAIL BANKING |
21 May 13
125 reads
Gives them a stable rating.
Fitch Ratings affirmed the ratings of Banco de Oro Unibank Inc., Bank of the Philippine Islands, Development Bank of the Philippines and Land Bank of the Philippines. Read ››
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RETAIL BANKING |
19 May 13
613 reads
Cash, investment holdings displayed in real-time.
HSBC recently launched the Wealth Dashboard, its enhanced Personal Internet Banking platform that consolidates each customer's entire wealth holdings – including cash deposits and investments – onto one single screen online, saving the time and effort to click on different accounts. Read ››
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RETAIL BANKING |
17 May 13
148 reads
Operating environment is likely to deteriorate.
According to Fitch Ratings, aA build-up of domestic headwinds for Australian banks is likely to slow down their earnings growth slightly. Read ››
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RETAIL BANKING |
17 May 13
136 reads
It has defensive profitability and pricing power.
According to Barclays, the first sign is that ICBC is demonstrating strong defensive profitability and pricing power. Read ››
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RETAIL BANKING |
17 May 13
174 reads
CIMB's acquiring a 60% stake in Bank of Commerce.
CIMB Group Holdings Bhd said negotiations to take over Bank of Commerce are in the final stages and a decision should be made within a month. Read ››
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RETAIL BANKING |
16 May 13
134 reads
Guess which funds grew by 4%?
Below is CBA's business commentary:
Australia – Retail
System home loan credit growth remained modest through the March quarter, with the Group growing slightly ahead of system. Read ››
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RETAIL BANKING |
16 May 13
114 reads
Ernst & Young also recommends they develop their intermediary business. Read ››
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RETAIL BANKING |
15 May 13
138 reads
Barclays believes these are well flagged.
Following better-than-expected 1Q13 results, Barclays raised its earnings forecasts by 4.5%/3.6% for 2013/14 and increased its price targets by an average of 2%, leaving 11% potential upside for the sector. Read ››
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RETAIL BANKING |
15 May 13
102 reads
Group liquids were at $130b.
The Commonwealth Bank advised that its unaudited cash earnings for the three months ended 31 March 2013 (“the quarter”) were approximately $1.9 billion. Read ››
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RETAIL BANKING |
15 May 13
169 reads
A single-digit growth looms for 2015.
Barclays expects the banks could still record low-double-digit net profit growth of 10% y/y in 2014E, but the analyst also expects only single-digit growth in 2015.
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RETAIL BANKING |
14 May 13
92 reads
Government says it highlights ability of banks to provide credit to the economy. Read ››
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