Retail Banking
DBS Indonesia president-director Hendra Gunawan resigns
DBS Indonesia president-director Hendra Gunawan resigns
The lender’s corporate banking director Dani Prabawa replace Gunawan as UOB confirmed the latter’s transfer to them.
Hong Leong Bank re-organises its management roster
The new line-up to prepare the lender to take advantage on growth opportunities in the country and region.
StanChart appoints Saurabh Agrawal as South Asia corporate finance head
Former Bank of America executive will replace V. Anantharaman, who has been reassigned as the lender’s South Asia co-head for wholesale banking.
BPI extends its CEO’s term
Two year extension of Aurelio Montilnola’s term has been approved in line with his transformative initiatives.
PBCom silent on 67% stake bidders
Macquarie, adviser for the merger, would submit its recommendation to the bank after it completed its evaluation.
CIMB: Merger with RHB must be ‘value creating’
CIMB plans to have talks with Aabar Investments regarding the merger.
7 Philippine banks gets Moody’s credit rating upgrade
The rating agency said the rise in rating was in line with the upgrade of the Philippines' foreign currency deposit ceiling to Ba2 from Ba3.
Lone Star files appeal to invalidate KEB charges
A lawyer for LSF-KEB Holdings SCA, which holds Lone Star's stake in KEB, said the fund had not deliberately manipulated KEB unit’s stock prices.
StanChart South Korea workers plan to go on strike
Employees demand that the lender should cease adoption of an incentive-based salary system, which is seen to cut salaries by as much as 46%
Woori fails to acquire Hanmi
Setback in $240mn Hanmi takeover seen to affect Woori's plans for overseas expansion.
ICICI denies report it’s in talks with Spring Bank
A statement by the Nigerian lender said it is in negotiations with potential investors including ICICI.
South Korea regulator bars KDB from Woori bidding
FSC takes note of financial investors’ concern that the formation of a giant state bank could reverse competitiveness of South Korea’s banking sector...
South Korea regulator may ban Hana from M&A
FSC’s sanction on the group’s brokerage and banking units may push the regulator to bar Hana’s KEB prospects.
BPI to unite two of its subsidiaries
The merging of BPI Capital Corp and BPI Bancassurance Inc will eliminate duplication, streamline operations, and lower costs.
Union Bank of India targets expansion of international operations
The lender strives to achieve 20% growth in deposits and 22% in advances via extending global reach.
Banco do Oro keen on remittances of overseas Filipinos
The lender believes the global disasters and crises has little effect on overall remittances figure of Filipinos working abroad.
Taiwanese banks inks pact with China’s AgBank
Cathay United Bank, Mega International Commercial Bank, and Mega Financial Holding Co. forge cooperation in corporate lending, bancassurance, retail...
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