News

Maybank opens 10th Cambodian branch

Maybank opens 10th Cambodian branch

Maybank expanded its network in Cambodia by opening its 10th branch in Kampung Cham.

RHB shortlists bidders of 25% stake to 6

Sources said Chinese suitors not keen on buying the Abu Dhabi Commercial Bank's block in the company.

Malaysian court junks suit blocking EON acquisition

Primus to appeal against court decision that clears way for EON to accept Hong Leong $1.7bn takeover offer.

China regulator belies enforcement of stricter capital rules for big banks

CBRC requires the Big 5 to keep a minimum capital adequacy ratio of 11.5% based on the Basel III global regulatory framework.

China and Taiwan banking regulators talk about opening markets

Representatives from both parties will conduct regular bi-annual meeting to gradually clear obstacles on Cross-Strait Banking Supervision Cooperation.

China big banks receives higher-than-expected profits

ICBC surpasses first-quarter profit performance of JP Morgan, most profitable bank in the US, by 49%.

Hong Leong Bank inaugurates Hanoi branch

The lender’s launching of its second branch in Vietnam and its first priority banking service signifies its commitment to reach out to customers in the country.

BPI now offers asset management online

The lender targets more than 500,000 users of Investment 3.0 in an effort to educate and empower Filipinos on building wealth through investments.

India urges lenders to increase farm lending

Indian government seeks support from banks for the growth of the sector.

DBS Bank starts offering mortgage-linked insurance

Policy holders can receive payments for death and permanent incapacitation, as they can get up to 40% of the total coverage if they incurred a major accident.

India’s state-run lenders step up hiring of personnel

A study revealed that state-run banks would need 500,000 employees over the next 10 years to maintain their competitive edge.

Woori Finance net profit down by 50.6 %

Woori's first-quarter earnings fell by 50.6 per cent from a year earlier on an absence of one-off gains.

KB Financial net up 23.3%

KB Financial Group's first-quarter earnings rose 23.3 percent from 2010. This is due to improved interest margin and a fall in loan-loss reserves.

IBK's first quarter earnings up 50.7%

Industrial Bank of Korea's first-quarter earnings jumped 50.7 percent from last year. The bank ascribes the growth to increased interest income and lower loan-loss reserves.

DaiABank earns VD80.8B in first three months

DaiABank a total profit of 80.8 billion dong, equalling to 63 percent of the whole year profit in 2010.

Union Bank of India begins offering New Pension Scheme

The product is now available in 3,000 branches across the country to promote income security to the elderly to all sectors of the society.

Korea regulator may decline approval of Hana-KEB deal

Doubts on the merger surface as Financial Services Commission is reviewing whether Lone Star Funds is qualified to be Korea Exchange Bank's largest shareholder.