News
BCA net profit down 29% in Q4
PT Bank Central Asia its saw 2010 fourth quarter net profit slide 29 percent as net interest income dropped and competition for consumer loans grew.
BCA net profit down 29% in Q4
PT Bank Central Asia its saw 2010 fourth quarter net profit slide 29 percent as net interest income dropped and competition for consumer loans grew.
DaiABank sets high profit targets for 2011
DaiABank targets over 600 billion dong of pre-tax profit in 2011. The bank planned to submit the targeted year plan to the shareholders in the annual shareholders meeting to be held in the near future.
BoC opens yuan repurchase facility in Hong Kong
Bank of China is opening a yuan repurchase facility in Hong Kong that will boost the Chinese currency's business in the territory.
Card transactions up 32% in Vietnam
Total card transactions made tremendous growth in Vietnam in 2010 against five years ago when the first one was conducted.
Vietnam's commercial banks required to report operational targets
The State Bank of Vietnam issued a regulation to require the state – owned and joint-stock commercial banks to report certain operational targets of their 2011 plans.
Four more Korean savings banks suspended
South Korea's financial regulator on Saturday suspended operations of four savings banks, including three affiliates of the country's largest savings bank, Busan Savings Bank. It cited concerns over liquidity shortage.
HCM City probes forex practices among banks
The HCM City People's Committee has set up a team to investigate if banks have been selling US dollars at above the official selling rate by charging "fees".
ANZ Bank posts 27% profit rise in Q1
ANZ reported a 27 per cent rise in the first-quarter underlying profit on good momentum and lower provisions for bad debts.
Chinese banks' capital adequacy improves in Q4
China's banking regulator announced that the country's commercial banks had improved their capital adequacy at the end of last year.
China Construction Bank keen on opening Taiwan office
CCB is the only lender among China’s to four that is yet to get approval from Taiwanese regulator.
Mizuho plans tapping BlackRock for acquiring Asian investment managers
The move will give way for the bank to invest Japanese pension money fast growing Asian economies.
People's Bank of China denies liberalising deposit rates
China’s central bank has vowed to adopt a more market-based system for setting interest rates but has proceeded cautiously.
Taiwan bank opens second Vietnam branch
Taiwan's First Commercial Bank opened its second branch in Vietnam to further expand into the emerging market.
Deutsche Bank's HCM City branch to increase capital
State Bank of Viet Nam increased the allocated capital for Deutsche Bank AG, HCM City branch, from US$24 million to $50.08 million.
KB Financial approved for credit card unit spinoff
South Korea's financial watchdog approved KB Financial to spin off credit card operations from its flagship Kookmin Bank.
Taiwanese banks to recruit 1,500 personnel
The country’s economic recovery prompted 9 banks to beef up workforce.
CCB brokerage unit to increase research team by 40%
The move is seen to increase the company’s competitiveness in wooing investors for financial services in China.
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