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Siam Commercial Bank sustains financial profile
Siam Commercial Bank has maintained its strong financial profile despite political unrest and export contraction that has hit the Thai economy. This is according to Standard & Poor's credit analyst Geeta Chugh, who added that SCB's financial profile remains the strongest among its domestic peers. The bank's business profile also strengthened with about a 15 percent market share of deposits.
Siam Commercial Bank sustains financial profile
Siam Commercial Bank has maintained its strong financial profile despite political unrest and export contraction that has hit the Thai economy. This is according to Standard & Poor's credit analyst Geeta Chugh, who added that SCB's financial profile remains the strongest among its domestic peers. The bank's business profile also strengthened with about a 15 percent market share of deposits.
HSBC: Affluent customers prefer Shariah banking
HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.
Krung Thai to extend remote service points
Krung Thai Bank will install remote product selling system in 1,382 service points by the first quarter of next year. The system enables customers to use products and services conveniently, while expediting loans' approval.
Bank of Ceylon earns 34% more
Bank of Ceylon’s post-tax profit for end of 2009 grew by US$4.4 million to US$17.4 million. The figure is a 34 percent increase from US$13 million in 2008, amid a challenging economic situation.
Maybank targets $955M deposit increase
Maybank is targeting to increase deposits by US$955 million during the current four-month period through its deposit campaign.
Bank of the Philippine Islands 2010 prospects mixed
BPI expects economy could go either way as country conducts presidential elections next year.
Weak economic climate hinders Taiwan banks’ profitability
Taiwan's banking sector remains one of the least profitable in Asia with slim prospects for near-term profit growth. This is due to the slow pace of economic recovery. In addition, the industry's thin earnings level supports only a modest ability to absorb incremental credit costs under the current unfavorable economic climate. That's according to a report titled "Banking Industry Country Risk Assessment: Taiwan", published by Standard & Poor's Ratings Services.
Japanese regional banks need to improve profitability
Sixteen Japanese regional banks posted core profits of US$3.55 billion in the first half of fiscal 2009. The figure is down 11 percent from the same period a year earlier, according to Standard & Poor's.
Zhongshan, Foshan host BEA sub-branches
The China Banking Regulatory Commission approved BEA's application to establish “cross-location” sub-branches in Zhongshan and Foshan cities.
CIMB transfers NPLs to subsidiary
CIMB Group received approval from the Minister of Finance for the proposed disposal of part of its non-performing loans to a special purpose company.
CMB keeps positive S&P ratings
China Merchants Bank kept its Standard & Poor’s 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on CreditWatch.
DBS facilitates Singapore remittance to Indian banks
A partnership with State Bank of India will allow DBS customers to remit online from Singapore to 46,000 bank branches in India. Known as 'DBS2SBI Remittance', the service will tap 16,000 State Bank of India branches, as well as to 30,000 other branches in India.
Moody's outlook for Indian banks remains negative
Indian banking credit outlook remains negative reflecting the challenging economic conditions, problem loans, and adverse implications for asset quality.
Hong Leong Investsafe gross returns at 4.25%
Hong Leong InvestSafe has consistently produced gross returns higher than fixed deposits since its inception three years ago.
HSBC launches new SME loan offer
Successful SpGS loan applicants can avail themselves of rates as low as P-2 percent for up to US$1.548 million loan. The Hong Kong Special Administrative Government extended the Special SME Loan Guarantee Scheme and the HSBC will provide a new preferential offer to its commercial banking customers under the scheme.
Citibank Korea rated on own profile
Standard & Poor's no longer incorporates an uplift on Citibank Korea Inc and rated it on its stand-alone profile.
Maybank offers closer-to-home investment
Maybank has launched its 1Malaysia Momentum or M3 Structured Deposit, a capital protected investment plan for investors seeking potential gain regardless of the market conditions, with a target fund size of US$29.5 million.
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