Singapore

Bank of Singapore targets doubling assets to US$46bln

Bank of Singapore targets doubling assets to US$46bln

OCBC's private banking arm capitalises parent company’s strong base in Southeast Asia to achieve its goal.

Banks need to bundle and price right for profit

Having just come back from meeting with banks in Asia, the case for dynamic charging as a driver of customer profitability is clear.

OCBC 2009 profit up 12% on non-interest income surge

37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.

CSFI/PwC report warns of Asian banking risks

PricewaterhouseCoopers LLP Asia Financial Services Leader Dominic Nixon talks about the Banking Banana Skin Survey 2010 and what bankers in Asia fear the most.

Singapore lifts ban on sales of structured notes by DBS, Maybank and RBS

The ban was lifted after accounting firms KPMG and PricewaterhouseCoopers said they were satisfied with the banks' plans and implementation.

CSFI/PwC report warns of Asian banking risks

Over-reaction of regulators ranked as the biggest fear of Asian bankers.

UniCredit pulls trade team out of Singapore

The bank's Forfaiting & Trade Finance business moved to Hong Kong, headed by Charles Brough and Florence Kwan.

Moody's lowers Singaporean banks' hybrid securities ratings

Moody's Investors Service downgraded its ratings on certain Singaporean banks' hybrid securities in line with its revised guidelines.

DBS interested in investing in Chinese bank

Possible investment in a mainland lender is part of DBS' aggressive expansion plan.

DBS inaugurates new headquarters building in Shanghai

Singapore's largest bank continues to grow its branch footprint in China with the inauguration of DBS Bank Tower located in Lujiazui.

Bank of Taiwan inaugurates Shanghai office

February 1 opening seen to symbolize improving financial cooperation between China and Taiwan.

Korea Exchange Bank's 2009 net grows by 13.9%

Lower loan-loss reserves and a one-off gain attributed to KEB's growth.

ANZ receives unibank license from Philippines' central bank

ANZ became the first foreign bank to be granted universal status by Bangko Sentral ng Pilipinas.

Mega Financial eyes extending cooperation with China banks

Mega wants more collaboration with Chinese lenders after it released $31 million loan with BoC.

EON Capital turns down Hong Leong's bid

EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.

State Bank of India considers raising $4.3bln

SBI plans procuring funds through equity within 2 years to reach capital requirement target.

China Merchants Bank gets nod on rights issue

Regulator's approval could bring in additional $3.2 billion after lender's expansion.