Retail Banking
Bank Indonesia to keep policy rate at 6.75% till year-end
Bank Indonesia to keep policy rate at 6.75% till year-end
DBS expects monetary tightening to kick-start again in Q1 2012.
Scotiabank buys into Guangzhou Bank for $722M
Bank of Nova Scotia will buy close to 20 percent stake in Bank of Guangzhou for about C$719 million or $722 million.
Anita Fung appointed CEO of HSBC Hong Kong
HSBC announced that the bank's Group General Manager Anita Fung has been appointed Chief Executive Officer of HSBC Hong Kong, effective 12 Sept. 2011...
Asian central banks take a pause from interest rate increases
But BBVA Research expects gradual tightening to resume if and when the global environment stabilizes.
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
Bank of Korea freezes rates of 3.25% amid surging inflation
But DBS expects the BOK to raise the repo rate by 25bps in 4Q before taking it to 4% in 1H12.
Indonesia’s ownership limit plan seen to affect Malaysian banks
An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.
Union Bank of India names Shri Suresh Kumar Jain as director
The banker will hold post from Sep 01, 2011 tol May 31, 2014.
Bank Rakyat Indonesia sees a 30% surge in 9-month profit
Higher lending and fee-based income growth attributed to earnings rise.
China consortium biggest buyer of 13bn CCB shares of BofA
China asked American bank to sell only half its holdings in CCB.
UOB raises stake in Southern Bank
Singapore’s United Overseas Bank has increased its stake in Vietnam’s Southern Commercial Joint Stock Bank to around 19.99 percent, according to Reut...
StanChart First Bank reopens 5 of 42 branches
Standard Chartered First Bank resumed operations of five of its 42 branches that were temporarily closed due to a labor strike over its salary system...
RHB withdraws appointment of Viegas as Managing Director
RHB Banking Group has withdrawn its application to Bank Negara for Renzo Viegas’ appointment as the managing director of RHB Bank Bhd.
RHB delays pursuit of Bank Mestika
RHB Capital has put on hold its application to acquire Indonesia's PT Bank Mestika Dharma amid Bank Indonesia's plans to limit single-party ownership...
Founder Sec to buy $234M stake in Shenjing Bank
Founder Securities will pay up to 1.5 billion yuanor $234 million for a stake in Shenjing Bank in northeastern China.
Maybank gains from concentrating on domestic growth
The lender’s strong deposit franchise seen as an advantage if funding remained tight.
State Bank of India seen to release overseas bonds
Yet the lender denied issuing a proposal to raise $5bn via offshore loans by December.
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth