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BEA posts record after-tax profit for 2010
Bank of East Asia achieved a record after-tax profit of US$552.4 million in 2010, jumping 60.8 percent from a year earlier.
BEA posts record after-tax profit for 2010
Bank of East Asia achieved a record after-tax profit of US$552.4 million in 2010, jumping 60.8 percent from a year earlier.
Major Korean banks bid for troubled Samhwa
South Korea's three major banking groups have submitted bids for a troubled mid-sized savings bank.
Vietnam loan growth slows in Jan as dong lending slips
Vietnam bank loan growth slowed in January and dong lending slipped. Businesses are seeking dollar loans and sold dong to take advantage of a gap between local currency and dollar rates, central bank data showed.
Vietnam banks demand ‘fees’ to sell dollars
Vietnam's banks are selling dollars to businesses at a premium on the official rate by adding “consulting” fees. The State Bank of Vietnam Monday set the reference rate for the greenback at VND20,713 based on which banks sold it at VND20,900.
DBS Bank downgrades dong's outlook
DBS bank downgraded its forecast for the dong and expects the currency to decline by another 3.75 per cent against the U.S. dollar.
AgBank to acquire 51% stake in Jiahe Life
The lender plans to subscribe to 1.04 billion new shares to be issued by the insurer worth $392.55mn overall.
NAB plans slashing exit fees for home loan switchers
The bank’s initiative of paying $700 fee charged by rivals sound commercial decision for the good of customers.
HDFC Bank capitalizes on rural India growth
The bank's is optimistic as the growth of Bharat is driven by implementation of India's agricultural reforms.
Bank of Taiwan gets Taiwan regulator’s nod to open Shanghai branch
Yet the lender still needs approval from Chinese lender to complete upgrade.
Indonesia's Islamic bank assets forecasted to grow by 55%
The assets of Indoenesia's Islamic banks are expected to grow by half this year. Indonesia's central bank noted that the state increasingly turns to the sector for their financial needs.
BDO's total resources reach $23B in 2010
Banco De Oro's consolidated resources has breached the US$ 22.8 billion mark at the end of 2010. The figure is a 16-percent increase from the previous year's level of US$19.69 billion.
ABC to speed up pace of development in 2011
ABC will build itself into an outstanding large listed bank beginning 2011.
ICBC posts 500,000 cash management customers for 2010
ICBC secured the first place in the ranking of Chinese cash management banks by scoring more than 500,000 customers as of the end of 2010.
More sharia banks planned in Indonesia
Several banks expressed interest in establishing sharia banks in Indonesia.
Maybank Islamic forecasts 30% growth in 2011
Maybank Islamic expects a 30 per cent growth in Islamic finacing this year.
RI sharia banks’ expects 45% asset growth in 2011
Bank Indonesia expects sharia banking assets to grow by 45 percent this year after five banks established sharia business units in 2010.
China Everbright Bank upgraded due to stable government control
Moody's upgraded China Everbright Bank's (CEB) long-term foreign currency deposit ratings to Baa3 from Ba1. It also upgraded its short-term foreign currency deposit ratings to Prime-3 from Not-Prime. The outlook is stable.
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