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EastWest Bank targets 2012 IPO
EastWest Bank targets 2012 IPO
Yet the realization of the move still depends on the health of US and European economy.
Commonwealth Bank half year profit up 11% to $28.8mn
The lender seen to weather economic storms as it continues to maintain strong capital and liquidity ratios.
JP Morgan Treasury Services appoints Southeast Asia and Australia senior executives
Abdul Raof Latiff, Hooi Ching Wong, and Nadia Schiavon are expected to strengthen the company’s ASEAN team.
Westpac starts $1bn campaign to boost business
The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.
ANZ gears up to buy Aozora Bank
The lender believes Japan offers opportunities for the group as the Japan’s hefty savings could help transform the Australian bank's structural...
Central Bank of India launches special deposit product
‘Cent Double’ scheme will give an annualised yield of 13.33%, valid between September 1 and December 31.
Westpac posts sluggish private credit growth
The lender’s senior economist said the 0.2% growth as "sub-par".
RBS Seoul cautioned for breaching banking rules
RBS Seoul was found brokering transactions between its London headquarters and a local asset manager worth 60 million U.S. dollars without a required...
Laos' BCEL experiences increased net profits
Banque Pour Le Commerce Exteriour Lao Public have experienced an increased net profit from 92.2 billion kip last year to 156.1 billion kip in the...
Thai banks have limited overseas exposure
Local lenders enjoyed 35% revenue rise in the first half of this year amidst global economic woes.
India urges lenders to restructure SME loans
The move comes at a time when several MSME units are struggling to service loans.
Bank of America divests CCB stake for $3.3bn
The sale has quelled fears that BoA’s shares would be dumped into the market.
ABC celebrates Jiangsu Branch's over RMB 1 trillion deposits
Agricultural Bank of China's Jiangsu Branch registered deposits of RMB1,025.1 billion in June, accounting for 15.2% of the total deposits of Jiangsu...
AsiaPac banks are determined to beat their European rivals
Asian-Pacific banks have made steady progress in closing the operational excellence (OpEx) gap and are determined to overtake their European rivals...
Thailand names Krung Thai Bank as $1.7bn savings bonds sole distributor
Minimum investment for the bonds is $33.39 while the maximum is $33,392.
India central bank mulls imposing 49% overseas ownership cap for new lenders
RBI may also enforce new lenders to meet a minimum capital requirement of $109mn.
Bank of India mulls raising $200mn via foreign debt
The proceeds to be used to fund overseas expansion.
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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