News
Malaysia's CIMB to expand in Australia
Malaysia's CIMB to expand in Australia
The CIMB Group will start business in Australia after acquiring majority of RBS's Australian business.
Ratnakar Bank to add 50 branches this fiscal
Ratnakar Bank is targeting to add around 50 branches this fiscal with a majority outside Maharashtra.
StanChart on track for 10th year of record earnings
Asia-centric Standard Chartered PLC expects its income to rise by over 10% this year.
Woori Finance's net up 33% in Q1
Woori Finance's first-quarter net jumped 33 percent to 668.6 billion won or US$590.8 million from 502.6 billion won last year.
ANZ posts record profit on expanding China business
The Australia and New Zealand Banking Group Ltd reports a record profit of US$3 billion in its first-half ending March.
Bank Jabar enjoys 21% lending growth
Bank Jabar reported a 21 percent increase in lending in the first quarter of the year.
Habubank shareholders okay merger with SHB
Habubank’s shareholders have approved the plan to merge with Saigon-Hanoi Commercial Joint Stock Bank.
India in denial over S&P downgrade of financial system
India seems hesitant to accept the reality of a negative rating from Standard & Poor's.
Vietnam's ACB posts $35M net in Q1 2012
ACB reported a net interest income of 1.651 trillion dong in the first quarter of 2012, increasing by 29 percent over the same period last year.
Nepal Bank gets govt approval to sell fixed assets
The government of Nepal has allowed Nepal Bank to sell fixed assets to replenish its capital.
Sri Lanka's Seylan Bank ups Q1 net profit by 59%
Seylan Bank reported a net profit-after-tax of Rs. 406.8 million or US$3.129 million in Q1 of 2012.
East-West bank in successful IPO
The first Philippine bank to IPO in eight years sees its shares oversubscribed by more than three times.
Bank Mandiri to offer renminbi financing
Bank Mandiri expects to provide renminbi financing services to Mainland clients within three years.
Korea to attempt Woori sale for the 3rd time
The South Korean government is attempting for the third time to unload its holding Woori Finance Holdings.
ICBC ups net profit by 14% in Q1
ICBC's net profit rose 14 percent year on year to 61.34 billion yuan or US$ 9.77 billion in the first quarter of 2012.
Philippine Savings Bank doubles net profit to $12.9M
Philippine Savings Bank reported a net income to US$12.9 million in the first quarter of 2012.
Philippine Deposit Insurance Corp takes over Exportbank
The Export & Industry Bank has been placed under receivership of the PDIC by the Philippines' Monetary Board.
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth