Retail Banking
Bank Rakyat Indonesia first half profit up 57%
Bank Rakyat Indonesia first half profit up 57%
Increase in soaring net interest income, growing fee-based income and recovery in bad loans fuelled the profit rise.
HSBC posts $6.8B first half pre-tax profit in Asia
HSBC's businesses in Asia delivered profits before tax on a reported basis of US$ 6.8 billion in the first half of 2011.
CIMB penetrates Indian Market
CIMB Group has entered into the Indian market with the opening of its Mumbai office.
Woori Finance returns to profit in 2nd quarter
Woori Finance returned to profit in the second quarter on a sharp rise in non-interest income.
ICICI first quarter profit surges 30% to $301mn
Dip in bad loans and surge in interest income ushered the profit increase.
Bank of Baroda first quarter profit up 20% to $234.4mn
The lender minimises exposure to various projects and diversify risks.
Bank Mandiri expects small loans surge by 25%
Indonesia’s average annual 6% growth opens up opportunities for more small loans.
Maybank takes over 84% stake in Kim Eng Securities Thailand
Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.
Japan's big 3 set to expand overseas
The lenders capitalizes on stronger yen in quest to seek growth abroad as expected boost to loan demand from March quake is yet to materialize.
Punjab National Bank second quarter profit up 4%
The lender to acquire 30% of MetLife India Insurance to diversify its business.
China regulator: Loan provision of banks not enough
CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.
DBS returns to green with $610mn second quarter profit
Singapore lender DBS Group Holdings Ltd. says it returned to profit in the second quarter despite slumping fee and trading income.
Rakyat posts largest profit among Indonesian banks
Bank Rakyat Indonesia's January-June profit rose 57 percent to Rp 6.79 trillion or US$ 801 million from the same period a year earlier.
LienVietPostBank makes debut
LienVietPostBank made its debut in Hanoi on July 29.
Commonwealth Bank's new CEO may set eyes abroad for growth
The low-growth outlook for domestic banking seen to have caused Ian Narev’s appointment.
China Everbright Bank targets more key investors for Hong Kong stock sale
The lender seeks to sell at least 40% to funds, companies or wealthy individuals as it is expected to list in Hong Kong on Aug. 18.
Korea Eximbank to divest KEB stake
The sale to Hana of its 6.25% stake in KEB will earn KEXIM about $209.1mn in net profit.
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1. OCBC starts AI stock adviser using data on 4,000 stocks 2. UOB reports flat net profit growth in Q1 despite record fee income 3. J.P. Morgan unveils automated cross-currency payment collection and settling service 4. Sea rebrands digital finance business SeaMoney to Monee 5. DBS’ net profit fell 2% to S$2.9b in Q1 2025 on higher tax expenses.Resource Center
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