News
Approval of ICBC's $530mln bid for ACL likely
Approval of ICBC's $530mln bid for ACL likely
China lender targets owning 51% of ACL shares as it strives to gain foothold in Thailand.
China defends 2 banks downgraded by Fitch
Regulator insisted banks are sound despite admitting that country’s excessive lending exposed them to credit risk.
Bank Rakyat Indonesia mulls acquiring Bank Agroniaga’s stake
Bank Rakyat is eyeing more than 50% stake 3 years after its last acquisition.
Bank Rakyat Malaysia eyes $500.4mln net in 2010
But the target couldn't be met if Bank Negara decides to increase OPR by .5%.
National Australia Bank’s Q1 net flat at US$986mln
Subdued credit growth and fierce competition caused NAB to lag behind rivals.
Woori's various merger scenarios with other banks surface
Regulator announced possible union between Woori and KB Financial as South Korea targets global financial competitiveness.
ANZ gearing up for home loans market
Retail banking chief's "selectively easing" qualifications have already made impact on US$1.08 trillion home loan industry.
OCBC 2009 profit up 12% on non-interest income surge
37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.
Bank of Communications plans raising $3.7bln
Funds to support balance sheet could reach up to $5.85 billion as amount is not yet finalised.
Bank of East Asia posts $330.9mln 2009 profit
Profit surge from US$5mln in 2008 is attributed to earnings in securities trading.
EON Bank proceeds with makeover scheme
Lender positive in moving forward by venturing into bancassurance despite Hong Leong’s failed merger bid.
State Bank of India to lend $21.720 interest-free
SBI SMILE aims to encourage aspiring Indian entrepreneurs to open business by providing seed-capital.
Sharia banks in Indonesia may offer bigger returns
Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.
Westpac profit surges 33% to US$1.44 bn
Reduction of bad debts resulting from improving global financial climate caused the US$1.44bn cash profit.
Punjab National Bank mulls Indonesia operations
The lender capitalises on robust trade between India and Indonesia.
Reserved Bank of India backs ANZ Mumbai opening
Committee members approving foreign bank’s proposals for branch installation in the country unanimously favored ANZ's return.
CIMB Thai eyes selling unit stake to parent
100% stake in Sathorn Asset Management with $90.38mln NPL planned to be sold to CIMB Group.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth