News
HDFC targets to open 250 new branches
HDFC targets to open 250 new branches
Lender plans to hold 150 ‘loan camps’ as it focuses on semi-urban and rural areas.
Hang Seng sees 30% yuan deposit growth
Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.
Mega Bank to forge partnership with Chinese banks
Tie-up with ICBC and BOC expands links on currency remittance and international syndicated loans.
KB Financial chief uninterested in Woori takeover
Lender wants to recover from losses first before it considers acquiring other banks.
Maybank expects $29.75bln transaction value for trade finance
Bank's performance and rebounding economy prompts lender to dominate more than 22.6% of trade finance pie.
Hana prepares to take over Woori
Yet banking experts are worried that the acquisition will strain Hana’s resources.
OCBC sees greener pastures as Asian economy improves
But misses second quarter forecast behind 24% surge in operating expenses and 40% in staff costs.
CIMB Group integrates transaction banking across the region
Introduced single internet banking platform across Malaysia, Indonesia, Singapore and Thailand.
DBS' net interest margins fall to 1.84% in the second quarter
The bank said more than half of the margin decline was due to a shift in the securities portfolio towards higher-quality issues with lower yields.
Bank Rakyat takeover of Bank Agro nears
$44mln acquisition in final stages after administrative problems have delayed acquisition plan due last year.
Krung Thai strives to meet NPL standards
Lender now has $1.24bln bad loans as it slices off its second quarter $1.5bln net NPL.
China Everbright receives approval for $3bln Shanghai IPO
Everbright Bank may face big capital shortfall in the next three years without the IPO.
Punjab National Bank targets $1.12bln business in 2010
Estimate 21.1% higher than 2009 as lender will give priority to retail, agriculture and MSME sectors.
China banks see risks in $1.1tln government loans
Lending to unprofitable government companies and projects had saddled China’s banking with 50% non-performing loan ratio.
StanChart injects $100mln capital to its Indonesia unit
To maintain CAR at 15%-16% and would ask for additional capital to be within safe level.
CCB may complete $11.6bln rights issue in October
Rivals ICBC reported to conduct up to $6.63bln rights issue while BoC seeks approval from regulator.
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
Thailand backs major conglomerates for digital banks but risks stifling innovation