Retail Banking
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RETAIL BANKING |
25 Mar 13
172 reads
Is pushing consolidation of public sector banks to create two megabanks. Read ››
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RETAIL BANKING |
22 Mar 13
274 reads
But their liquidity positions are stronger.
According to Moody's, the capital positions of the Japanese mega-banks improved significantly in FYE3/2010 and FYE3/2011, owing to large issuances – JPY4.5 trillion in total – of common stock during 2008–2010 and earnings accumulation. Read ››
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RETAIL BANKING |
22 Mar 13
303 reads
Find out what the barriers are.
According to Standard & Poor's, the government appears to have the ability and political commitment to maintain a stable economic environment. However, S&P believes it will be considerably harder to deliver SOE and banking sector reforms.
Here's more from S&P:
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RETAIL BANKING |
22 Mar 13
364 reads
AMC will buy bad loans from banks.
Vietnam’s first AMC will be established before the end of this month and will be managed by the central bank, the State Bank of Vietnam. Read ››
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RETAIL BANKING |
22 Mar 13
179 reads
China identified as most likely source of massive cyber assault. Read ››
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RETAIL BANKING |
21 Mar 13
204 reads
Dah Sing Financial has HK$1.6b net profit.
According to Barclays, DSBG and DSF reported net profit of HK$1.4bn/HK$1.6bn, 25%/11% above their estimates and 19%/13% above Bloomberg consensus. Read ››
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RETAIL BANKING |
21 Mar 13
1401 reads
Lorenzo Tan was elected President of the Bankers Association of the Philippines yesterday. Read ››
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RETAIL BANKING |
20 Mar 13
575 reads
It has an automatically activated floor to ceiling interactive screen and more. Read ››
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RETAIL BANKING |
20 Mar 13
355 reads
The banks' credit profiles could be threatened.
According to DBS, NIM is likely to continue declining in the next two quarters. Read ››
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RETAIL BANKING |
20 Mar 13
315 reads
Japan’s largest banking group intends to take over Thailand’s fifth largest bank. Read ››
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RETAIL BANKING |
20 Mar 13
223 reads
Survey projects 14% growth in after tax profits for FY 2012-13. Read ››
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RETAIL BANKING |
19 Mar 13
251 reads
Interest rate and exchange rate reforms likely to be completed. Read ››
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RETAIL BANKING |
18 Mar 13
481 reads
Focus will be on modernizing the banking system and financial regulations. Read ››
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RETAIL BANKING |
18 Mar 13
244 reads
Will do this to boost a slowing economy that grew at its slowest in 13 years. Read ››
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RETAIL BANKING |
15 Mar 13
370 reads
They have low dependence on confidence-sensitive market funding.
According to Moody's, the Japanese mega-banks have consistently demonstrated strong liquidity profiles. Read ››
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RETAIL BANKING |
14 Mar 13
893 reads
He replaces Guy Harvey-Samuel effective 18 March 2013.
According to a release, the Hongkong and Shanghai Banking Corporation Limited has appointed Jayant Rikhye as Head of International Asia Pacific, with effect from 18 March 2013. Read ››
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RETAIL BANKING |
14 Mar 13
255 reads
The raise is effective immediately.
With immediate effect, Hang Seng Bank has raised its residential mortgage rate for new mortgage loan applications by 25 basis points to P-2.6% to P-2%. Read ››
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RETAIL BANKING |
14 Mar 13
856 reads
Mr Harvey-Samuel takes over from Alex Hungate.
According to a release, Guy Harvey-Samuel has been appointed Chief Executive Officer of HSBC in Singapore. Read ››
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RETAIL BANKING |
13 Mar 13
204 reads
Nomura adjusted its Kasikornbank’s 2013-14F earnings forecast by 1%.
Nomura adjusted its forecasts of Kasikornbank’s 2013-14F earnings by 1% on the back of 1bps increase in net interest margins. Read ››
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RETAIL BANKING |
13 Mar 13
265 reads
Regulations on wealth management products came sooner than expected.
Barclays believes regulatory tightening rules on WMPs have come sooner than the market expects, and detailed guidelines on banks' wealth management business may be released in 1H13. Read ››
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RETAIL BANKING |
13 Mar 13
214 reads
They have until end-April to comply with CBRC's requirements.
According to Barclays, China Securities reported on 12 March 2013 that the CBRC has asked banks to conduct self checks and rectify their self-issued wealth management products (WMPs) that are managed by asset pools. Read ››
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RETAIL BANKING |
12 Mar 13
143 reads
It was 3.3% in 2008.
Nomura raises Krung Thai Bank’s earnings 4% in 2013F and 3% in 2014F which puts them 9% ahead of the street in 2013F and 12% ahead in 2014F.
Here's more from Nomura:
Increased earnings reflect higher margins which we raise by 10bps in 2013F and 9bps in 2014F. Read ››
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RETAIL BANKING |
11 Mar 13
193 reads
Exceptional gains amounted to 23% of overall revenue.
According to Nomura, profit up 40% in 2012 boosted by exceptional gains and low taxes MBT posted a 40% y-y increase in 2012 profit, coming in 10% above our estimate. Read ››
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RETAIL BANKING |
11 Mar 13
151 reads
There's a more pressing problem.
According to DBS, NIM is likely to continue declining in the next two quarters. Read ››
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RETAIL BANKING |
08 Mar 13
292 reads
StanChart will service a US$150m loan portfolio while ADB will share the risk for up to US$75m. Read ››
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RETAIL BANKING |
08 Mar 13
162 reads
It will be driven by 15% loan growth.
According to Maybank Kim Eng, despite poor earnings results last year, the outlook for EIB’s earnings growth over the next 3-5 years is favorable, partly because of the long-term benefits that should emerge from the proposed merger with Sacombank (STB).
Here's more from Maybank Kim Eng:
Read ››
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RETAIL BANKING |
07 Mar 13
267 reads
Margin was also disappointing at 1.62%.
According to Barclays, Wing Hang Bank reported FY12 net profit of HK$1.8bn (~US$230m), -13% y/y, 4-5% below their/Bloomberg consensus. Read ››
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RETAIL BANKING |
07 Mar 13
154 reads
Find out why this is 'bullish and ambitious'.
According to Barclays, Mizuho Financial Group disclosed a bullish plan aiming to raise base profit without one-off items from JPY400bn (~US$4.2b) to JPY550bn (~US$5.8b) by adding JPY200bn (~US$2.1b) in customer segment. Read ››
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RETAIL BANKING |
07 Mar 13
138 reads
Earnings growth outlook is tepid for 2013.
According to Barclays, since December 7, domestic investors have bought SFG’s share, leading it to outperform both the KOSPI and the KRX Bank Index so far in 2013. Read ››
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RETAIL BANKING |
07 Mar 13
174 reads
It's the highest among Singapore's banks.
According to CIMB, DBS was the firm's top pick for most of 2012 and remains as our top pick for 2013. Read ››
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RETAIL BANKING |
07 Mar 13
196 reads
Might also relax tight capital controls this year.
China will continue its currency reforms to allow more flexibility in the renminbi’s exchange rate as its value nears an equilibrium. Read ››
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RETAIL BANKING |
06 Mar 13
131 reads
They have investible assets of SGD350K-2m.
According to Nomura, UOB said that the macro situation appears to have stabilised and the downside posed by the EU economies did not have a significant impact on this part of the world. Read ››
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RETAIL BANKING |
06 Mar 13
129 reads
Thanks to NPLs declining to 2.8% in 2012.
Maybank Kim Eng assumes 20% YoY loan growth for BNI in FY13F, with no drastic changes in composition. Read ››
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RETAIL BANKING |
06 Mar 13
299 reads
Weaker revenues but cost control compensating well.
According to Barclays, 2012 was something of an unusual year for Standard Chartered with revenues weaker than we are used to but with cost control compensating well. Read ››
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RETAIL BANKING |
06 Mar 13
234 reads
The system’s ratio of credit to GDP is low at about 30%. Read ››
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RETAIL BANKING |
06 Mar 13
240 reads
Upgrade reflects sustained improvements in the banks' risk absorption capability. Read ››
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RETAIL BANKING |
06 Mar 13
774 reads
Appointment takes effect April 1.
Noboyuki Hirano, 61, will take over leadership of Mitsubishi UFJ Financial Group, Japan’s largest financial group, as the group expands overseas and has made several important acquisitions. Read ››
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RETAIL BANKING |
05 Mar 13
BY BASIL HWANG AND SELINA WONG
1233 reads
Financial institutions received much of the blame for the global financial crisis in 2008. Read ››
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RETAIL BANKING |
05 Mar 13
127 reads
Net interest income growth of around 2.5% is expected.
According to CIMB, going into 2013, OCBC's earnings momentum is likely to come off on the back of a stellar 2012 performance, largely attributable to non-participating gains from GE and a favourable trading environment.
Here's more from CIMB:
Read ››
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RETAIL BANKING |
05 Mar 13
266 reads
Check out how DBS, OCBC, and UOB fared in 4Q12. Read ››
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