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KEB Q4 net falls 22.8 %
Korea Exchange Bank's earnings sank 22.8 percent in the fourth quarter from a year earlier due to a non-interest loss and rising costs.
KEB Q4 net falls 22.8 %
Korea Exchange Bank's earnings sank 22.8 percent in the fourth quarter from a year earlier due to a non-interest loss and rising costs.
Indonesian banks lag behind in ASEAN
A number of efficiency indicators reveal that Indonesia’s banks are still far behind in the ASEAN.
Indonesia extends deadline for single bank ownership
Indonesia will delay an end-2010 deadline requiring investors to own only a single bank.
Indian Overseas Bank seeks Gulf expansion
The lender is planning to raise $1bn via medium-term notes in various tranches to increase its Tier-I capital in compliance to Basel II capital requirements.
Hana nears completion of funding for KEB acquisition
Hana’s KEB takeover is still subject for Korea’s financial regulator’s approval.
3 Indian banks forms $58.4mn JV in Malaysia
Should Malaysian regulator approve the BoB, IOB and Andhra JV, the operations will start in June.
Chinese banks eyes growth during 12th Five-Year Plan
China banker said consumer credit, asset management and credit cards businesses would prosper over the next few years.
BII rebounds with $51.7M net profit
BII reported a net profit of US$51.7 million for the full year of 2010.
Techcombank gains $140.9M in 2010
Techcombank bank reached a total pre-tax profit of US$ 140.9 million and total asset value of 7.68 billion, in a year-on-year increase of 62 per cent.
Vietinbank sells 10% stake to IFC for $182M
The IFC will invest about US$182 million in equity and US$125 million in subordinated debt in VietinBank.
More Vietnam banks to list in stock exchange
The quick recovery of Vietnam's economy and the need to improve banks' position and competitiveness in the market have prompted them to list their shares this year.
AIA, Alliance to tap Malaysian takaful opportunities
A new joint venture will offer a range of Takaful savings, protection and investment products designed to meet the unique needs of Malaysians.
Vietnam banks raise dollar rates to attract remittance
Vietnam Banks’ depositing interest rate are moving up to attract strong remittance inflows that come in ahead of Tet, the Lunar New Year festival. This was pointed out by general secretary Duong Thu Huong of the Vietnam Bank Association said.
Bank of Maharashtra records 42.9 profit growth
Bank of Maharashtra's operating profit for the third quarter of current financial year stands at US$172.7 million.
IDBI records net profit
IDBI Bank reported a net profit of US$99 million for the quarter ended December 31, 2010.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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