News

BCA, Mandiri top $1.1B net profit in 2011

BCA, Mandiri top $1.1B net profit in 2011

Bank Mandiri and Bank Central Asia may have broken the US$1.1 billion or Rp 10 trillion mark in net profits.

Malaysian banks to post 7% earnings growth this year: Analyst

Malaysia's banking sector is expecting a seven percent earnings growth this year.

Maybank continues to pamper the super-rich

Malaysia’s largest bank now provides top tier individuals more personalised services with exclusive regional rewards, privileges and access to client centres.

Vietnam's Maritime Bank still seeking right foreign partners

Maritime Bank will appoint a foreigner to the bank’s general director position this year.

ASEAN banking system to be adopted

Central banks in the ASEAN will set up an ASEAN bank system.

Agribank to double lending growth by 2015

Agribank aims to expand its operations and double its credit growth by 2015 even as it undergoes a partial privatisation.

Philippines' SMC to finalize bank sale to Malaysia's CIMB

San Miguel Corp is close to selling 60 percent of its Bank of Commerce to Malaysia's CIMB Group.

Chinese banks loosens stranglehold on struggling property market

China begins to relent after two years of resorting to almost Draconian measures to cool down an overheated property market.

OCBC Bank launches iPad app for home loan fact sheet

The Oversea-Chinese Banking Corporation Ltd has developed an application or app that makes it easier for customers to navigate complex loan requirements.

Bank of China, Huaxia Bank offer lowest rates for first-home buyers in China

Chinese banks have begun offering preferential loan rates for first-home buyers.

Meeting between Taiwan and China monetary leaders in next 3 months

Cross straits banking stands to receive a needed shot in the arm.

Bank Mandiri allocates $4.3 B for SMEs

Bank Mandiri is allocating about 4.3 billion U.S. dollars of loans to SMEs across the country this year,

Sanima becomes India's 32nd commercial bank

Sanima Bank formally launched its operation as a category ´A´ financial institution, making it 32nd commercial bank in India.

Laos' BCEL reports higher profits in 2011

BCEL's initial unaudited profit for 2011 is a 70 percent increase over the 2010 audited figure.

Lao, Thai banks extend cross-border ATM services

Phongsavanh Bank and Bangkok Bank have signed and launched a cross border ATM link project with the Processing Center Company Limited.

Sacombank target of first banking takeover bid in Vietnam

A hostile takeover is brewing as Eximbank leads other shareholders of Sacombank in demanding a new management board.

HSBC Singapore aims ambitious: US$1 billion in profits

HSBC Singapore is 60% on the way to achieving its profit target of US$1 billion by 2016.