News

Krungthai beat expectations by releasing 80,000 more new cards and earning $6 million net.

Standard & Poor's assigned its 'A' issue rating to OCBC's proposed US dollar-denominated subordinated notes issue due 2019.

CIMB reported a net profit of US$593 million for the 9 months of 2009 due to divisions' good performances. This represents a 22.7 percent year-on-year growth, equivalent to net earnings per share of US$0.168. The Group's annualised net return on equity was 14.7 percent.

Research shows banks can profit up to 30% more from loans to SMEs.

Encouraging improvements in the financial profile of RHB due to transformation earned it a positive from stable outlook. According to Standard & Poor's Ratings Services, the transformation consisting of streamlining RHB's core business resulted in an enhanced revenue generating capacity.

Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.

Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers.

Improved banking conditions spurred Minsheng to offer 3.32 billion shares in its Hong Kong IPO.

The bank targets more than 20,000 employees for the bank’s expansion in the country.

BPI aims to augment its lend to sustainable energy projects by another $106,000.

Korea Development Bank seeks to buy overseas banks as fierce competition in local retail financing market hampers growth.

The tie-up enhances funding and knowledge exchange between the two banks.

Indian banks are likely to gain more than they lose from the latest step taken by the Reserve Bank of India to tighten provisioning norms.

HSBC's Asian operations expand as it fired 1,700 employees in Britain due to stale European economy.

Westpac head still optimistic on bank's performance next year as economic conditions improve.

Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.