News
Siam Commercial plans opening China operations in 2011
Siam Commercial plans opening China operations in 2011
Lender targets profiting from Chinese small and medium enterprises as it ventures in the country.
South Korean regulator considers suing Kookmin Bank
Bank apologizes and promises punishing those involved in leaking of memo regarding a regulatory investigation.
India banks ask interest rates to be stabilised
Bankers said the fall in loan growth below 10 percent may be aggravated once RBI increases rates.
Industrial Bank of Taiwan mulls investing in China
IBT plans to put up a trust company specialising in securitising assets.
DBS eager to increase operations in Asia
Economic recovery and new CEO prompts lender to expansion that could increase earnings by 26 percent.
Korean banks can expect higher profits this year
Measures taken by the government and central bank proved to be successful in hampering NPL growth.
Commonwealth Bank of Australia plans aggressive Asian expansion
Lender wants acquisitions and formation of strategic partnerships focusing on Indonesia, China and Vietnam.
China Construction Bank and Santander eye tie-up
The joint venture intends to install 100 village banks in China with $439 million initial capital.
State Bank of India to beef up workforce
Lender plans employing 25,500 personnel this year.
BEA complies with China's data centre requirement
BEA China became the first locally-incorporated foreign bank in China to open a data centre.
DBS secures licence for Vietnam branch
DBS Bank will set up its first branch in Ho Chi Minh City, Vietnam this year after receiving regulatory approval.
Reported investigations and resignations put Alliance in the spotlight
Speculations simmer down as bank's statement denied rumors of large-scale shakeup.
Bank of China plans raising $3bln thru refinancing
Sources report bank's scheme to replenish capital likely to receive approval from regulator.
Bangkok Bank China opens for business
Bangkok Bank China Co. Ltd., the first Thai bank to be locally incorporated in China, has opened for business.
Westpac begins offering Samurai bonds—source
The lender reissued yen-denominated bonds after a year-long hiatus due to global financial crisis.
UCO Bank plans to open 100 mobile branches
The year-long expansion will enable the bank to provide low-cost services all over the country.
UOB’s life insurance unit to be purchased by Prudential
The life insurance unit of Singapore’s second-largest lender by market value will be purchased by Prudential Plc for S$428 million ($306 million).
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1. Revolut Singapore hits first year of net profitability in 2024 2. DBS and OCBC expected to report lower margin in Q1 on SORA easing 3. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 4. Bank of America appoints Phil Carmalt as head of APAC GPS 5. HSBC Singapore unveils wealth centre at The Star Vista mallResource Center
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The Asian connection: China's path to sustainable growth