News
China Merchants Q1 profit up 40% at $864mln
China Merchants Q1 profit up 40% at $864mln
Lender said higher net interest margin and expanded intermediary business boosted its net profit.
Completion of Woori privatization may extend next year
The market monitors progress of move as it may start bank reforms in South Korea.
Bank of Baroda Q4 profit up 20%
Steady performance coupled by one time stake sale has driven lender’s net profit up at $204mln.
HSBC introduces dedicated zones to China, Taiwan customers
Section will offer account opening, financial planning and other banking transaction facilities.
OSK Research upgrades forecast on Maybank's earnings growth
Lender's conservative attitude towards provisioning key factor for OSK's 2.6% earnings growth forecast in 2010.
Commonwealth Bank does not require immediate funding activities
Bank said it has no need for immediate additional wholesale funding amidst Greece and Portugal credit crisis.
Hong Leong may forgo shares sale for EON
Analysts think that HLB is sticking to its all-cash $1.59bln offer to stamp the EON deal.
Bank of China Q1 2010 profit up 41%
Loan expansion propelled by robust economic recovery raised bank’s net profit to $3.84bln.
HSBC has no interest in Korea Exchange stake
CEO Michael Geoghegan no longer showed desire on Lone Star’s stake even as global economy rebounds.
Korea's pension keen on joining KEB, Woori deals
Lender's chair said South Korea’s pension service is eager enter transactions profiting the agency.
Minister says Indian banks had Dubai World exposure
Country's finance minister allayed fears on $537mln exposure as Indian banking system was sound and resilient.
Siam City-Thanachart merger on target
SCIB chief is optimistic that the combined 679 branches will provide room for further expansion.
National Australia Bank eyes RBS deal
NAB seeks inclusion in $3.3bln RBS acquisition as it attempts to win its AXA bid.
China Construction Bank likely to hold rights issue
Lender might follow its local peers in attempting to reduce capital ratios.
HDFC Bank 4Q profit up 33% at $188mln
The above market expectations figures were driven by higher margins and loan growth.
ICICI Q4 profit up 79% at $303mln
Lender's net profit jumped while total income slid by almost 5%.
Hong Leong submits application for EON's takeover
HLB also submitted application for $470.37mln rights issue to Malaysia's central bank for its expansion.
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