News

The first China acquisition of U.S. retail bank is a strategic move for ICBC to further its global expansion

Companies to hike pay to up to 10% to employees who performed well.

The bank waits to see a statement of claim in the matter while it will vigorously defend the case.

The Public Bank Group recorded a pre-tax profit of US$1.34 billion for 2010. The figure represents a 23 per cent growth from 2009. The Group also recorded a net profit of US$999 million in 2010, 21 per cent higher as compared to US$825 million achieved in 2009.

The Philippine's Metrobank plans to have 20 branches in China within five years.

Bank of Nanjing forecasts that 2010 net profit attributable to shareholders may grow 50 percent year-on-year.

Bangkok Bank and its subsidiary companies have reported a net profit of US$808 million for 2010, 19.9 percent higher than in 2009.

 

Thailand economic growth seen to boost the bank's loan demand in 2011.

Chinese regulators have ordered the nation's four biggest banks to cap their combined new loans in the first quarter at US$110 billion.

 

 

 

The bank’s BoCom International Holdings (Shanghai) Co. will manage the fund that will further diversify its business.

Bank of Beijing, China Minsheng, Agricultural Bank of China (ABC) and the Industrial Bank issued bonds to supplement capital adequacy ratio.

The lender committed to launching new investment products to keep pace with market developments and to enhance non-interest income.