News
Vijaya Bank to hire 1,200 annually for 100 branch openings every year
Vijaya Bank to hire 1,200 annually for 100 branch openings every year
Vijaya will recruit about 1,200 clerical and officer staff annually to cover the 100 branches it will open every year.
OCB's after-tax profit remains unchanged at $15.38M
Orient Commercial Bank generated an after tax profit of VND302 billion or US$15.38 million last year, same as in 2010.
Mutiara expects improved value as part of BCA's ATM network
Bank Mutiara is expecting its value to increase by joining the ATM network of BCA.
Indonesia to question DBS on Danamon transaction
The Indonesian central bank is set to discuss with the DBS Group about its plan to buy 99 percent of Bank Danamon shares.
Indonesia to hinder future foreign takeovers of local banks
Indonesian lawmakers resort to using legislative powers as they realize that blocking deals proves futile.
HSBC Viet Nam pre-tax profit up 40%
HSBC Viet Nam’s pre-tax profits grew 40 per cent last year to VND1.97 trillion or US$94 million.
Krung Thai Bank expects smaller Q1 loan growth
Krung Thai Bank lowered its mortgage loan growth projection for the first quarter of the year to US$161.3 million from US$322.68 million.
RCBC and Resona Bank forge alliance
Two of the largest banks in the Philippines and Japan have agreed to work together to leverage growth prospects in their respective countries.
S.Korean banks reluctant to lend households
South Korean banks are reluctant to lend households in the second quarter due to their weaker capability to repay debts.
Mitsubishi UFJ goes for more M&As in the USA
Japan's biggest lender has not lost its appetite for massive mergers and acquisitions.
China loosens grip on foreign-funded banks
China takes another step towards opening its highly regulated banking system to the outside world.
Merger creates Japan's biggest trust bank
Three Japanese trust banks have been merged last Sunday to create the nation 's biggest trust bank.
Union Bank to focus on retail lending
Union Bank will focus on retail lending and aim at improving customer service, says its new CMD, D Sarkar.
Indonesia's BCA to add up to 3,000 ATMs this year
BCA will add between 2,500 to 3,000 ATMs throughout the country this year, according to its executive director Jahja Setiatmadja.
BDO to raise $1B core capital through rights offer
BDO Unibank Inc would raise $1 billion addtional capital through a rights offer.
CIMB poised to become Asia's largest investment banking franchise
Will it be able to topple Credit Suisse as it acquires Royal Bank of Scotland?
DBS inks a deal with Fullerton to acquire Bank of Danamon's major stakeholder
DBS plans to acquire remaining less than 30% listed shares from minor shareholders through amandatory tender offer of IDR7,000 per share.
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