More News

Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.

Lender's launching of $11mln to $22mln seen as alternative way to bolster credit needs.

US company seeks mutual fund and asset management business as it targets 20% growth overseas market.

Report showed lender as Malaysian leader in ROA with its $336.92mln net.

Bank of Baroda, Bank of India and Corporation Bank eye acquiring total $1.2bln for expansion.

Lending criteria requiring creditors to commit 20% deposit is part of improving credit quality.

Yet lender expressed worries on expected increase in inflation and interest rate.

Customised business package by thrift bank aimed to support growth of micro and small businesses.

US bank just awaits China regulator's approval to complete sale of 34.3% stake in CICC.

Lender plans raising $3.2bln from rights issue to prepare for expected tougher competition.

Higher operating income and better cost management boosted bank's net to $132.53mln.

Bankers cited estimated 4% GDP growth powered by consumption-driven economic expansion as cause.

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.

Bankers see additional licenses resulting to wider array of syariah-based financial services as opportunities for expansion.

Sources said moniker “OneWealth” will be used to refer to its US$45 billion business.

2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.