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Bank of the Philippine Islands expects $5bln remittances
BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds.
Bank of the Philippine Islands expects $5bln remittances
BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds.
Metrobank 2009 profit up 36.8% at $131mln
Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.
State Bank of India mulls issuing retail bonds
Lender's launching of $11mln to $22mln seen as alternative way to bolster credit needs.
Principal Financial eyes Thailand operations through CIMB tie-up
US company seeks mutual fund and asset management business as it targets 20% growth overseas market.
Bank Rakyat 2009 profit up 18%
Report showed lender as Malaysian leader in ROA with its $336.92mln net.
3 Indian banks set to raise capital
Bank of Baroda, Bank of India and Corporation Bank eye acquiring total $1.2bln for expansion.
Commonwealth Bank tightens home lending policy
Lending criteria requiring creditors to commit 20% deposit is part of improving credit quality.
Maybank acknowledges Bank Negara’s consolidation programme behind growth
Yet lender expressed worries on expected increase in inflation and interest rate.
BPI Family extends loan exposure to small firms
Customised business package by thrift bank aimed to support growth of micro and small businesses.
Morgan Stanley board approves China bank stake divestment
US bank just awaits China regulator's approval to complete sale of 34.3% stake in CICC.
China Merchants sees growth from upcoming rate hike
Lender plans raising $3.2bln from rights issue to prepare for expected tougher competition.
Banco De Oro 2009 profit up 173%
Higher operating income and better cost management boosted bank's net to $132.53mln.
Philippines eyes double-digit bank lending growth in 2010
Bankers cited estimated 4% GDP growth powered by consumption-driven economic expansion as cause.
Moody's upgrades AmBank's BFSR to D
Moody's has upgraded AmBank's Bank Financial Strength Rating to D from D-. It further confirmed the bank’s foreign currency deposit ratings of Baa2/P-3 with stable outlooks.
Malaysian Islamic banks confident on new competition
Bankers see additional licenses resulting to wider array of syariah-based financial services as opportunities for expansion.
ANZ to rebrand wealth management unit
Sources said moniker “OneWealth” will be used to refer to its US$45 billion business.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
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