News

Kiatnakin Bank plans to complete its merger with Phatra Capital by August, with revenue from the integrated business to be recognised by the fourth quarter.

ICBC's net profit for January to December period gained 26% to CNY208.27 billion or US$33 billion from CNY165.16 billion.

Investors have expressed interest in buying a stake in Bank Danamon from its controlling shareholder.

OCBC NISP is looking to raise Rp 1.5 trillion or US$163.5 million  to strengthen its capitalization and extend loans by offering rights shares.

State Bank of Vietnam's efforts to speed up the bank restructuring process is expected to lure five to eight banks in mergers this year.

China Construction Bank registered a 25.48% growth in its $26.89 billion net profit in 2011.

Seven of China’s leading banks lean on interest income to book record profits.

Bangkok Bank opened its 26th foreign branch in Surabaya, Indonesia to help international business clients deal with international transactions and loans.

Viet Capital Bank is targetting a credit growth target of up to 17 percent, according to its business plan for 2012.

Its rising incomes should see Philippine banks lend more as the Philippine economy continues on its growth curve.

Bank Negara Indonesia posted trade finance transactions worth US$19.83 billion in 2011, up 72 percent from a year earlier.

China Minsheng Banking Corporation, Ltd needs some US$1.4 billion to meet tougher government regulations.

Banks in Vietnam are opening new branches to strengthen their market presence.

Permata Bank Syariah is targeting a lending growth of 65 percent this year.

PermataBank Syariah reported a profit of Rp 133 billion or US$14.45 million in 2011, reports Jakarta Post.

After posting a record pre-tax profit of RM 2.02 billion or US$600.7 million, Bank Rakyat declared a record dividend of US$122.29 million.