News

HSBC Viet Nam’s pre-tax profits grew 40 per cent last year to VND1.97 trillion or US$94 million.

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.

Two of the largest banks in the Philippines and Japan have agreed to work together to leverage growth prospects in their respective countries.

South Korean banks are reluctant to lend households in the second quarter due to their weaker capability to repay debts.

Japan's biggest lender has not lost its appetite for massive mergers and acquisitions.

China takes another step towards opening its highly regulated banking system to the outside world.

Three Japanese trust banks have been merged last Sunday to create the nation 's biggest trust bank.

Union Bank will focus on retail lending and aim at improving customer service, says its new CMD, D Sarkar.

BCA will add between 2,500 to 3,000 ATMs throughout the country this year, according to its executive director Jahja Setiatmadja.

BDO Unibank Inc would raise $1 billion addtional capital through a rights offer.

Will it be able to topple Credit Suisse as it acquires Royal Bank of Scotland?

DBS plans to acquire remaining less than 30% listed shares from minor shareholders through amandatory tender offer of IDR7,000 per share.

The credit flow of 32 Nepalese commercial banks to various sectors dropped 5 percent in the first seven months of the current fiscal year.

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.