Retail Banking
HSBC Taiwan plans to issue $621.1mn financial bonds
HSBC Taiwan plans to issue $621.1mn financial bonds
Local Taiwanese banks follow HSBC’s move to fund expansion of lending business.
Woori Bank to choose president from 6 bets
The group said the selected president to be approved by the board in mid-March.
UOB targets more presence in East Malaysia
The lender aims to expand operations in the region by reaching out to clients through its sales force as it is constrained to set up branches.
Woori Finance hunts for more savings banks
The lender seeks to merge them with Samhwa to nurture a consolidated savings bank with an asset size of up to US$2.7bn.
CIMB Thai posts $27M net profit in 2010
CIMB Thai Bank PCL has disclosed the unaudited operating results for the year ended 31 December 2010 showed a consolidated net profit of US$27.26...
The Asian Banking and Finance Retail Banking Awards 2011 now open for nominations
Name your best banking and finance institutions in The Asian Banking and Finance Retail Banking Awards 2011.
Korea's deposit insurer borrows money from banks
South Korea's state deposit insurer took out commercial bank emergency loans, according to a Yonhap News Agency report.
Thanachart-SCB integration to create top 5 bank
Thanachart Bank has completed the purchase of shares of Siam City Bank.
StanChart 2010 private bank assets soars 31%
5,000 new client accounts added and the number of relationship managers up 15% to 450 in the same year.
Hong Leong Bank appoints 3 senior managers
Hor Kwok Wai, James Chong Wai Choy, and Ramon Albert Chelvarajasingam hired from different companies.
Vietnam's banks set surprisingly high profit targets
Most commercial banks in Vietnam have set high profit targets for 2011 amid uncertainties of the economy and unpredictable macro-policies.
Sri Lanka's Union Bank creates IPO record
Union Bank's IPO for US$3.389 million of stock in Sri Lanka's Union Bank has drawn 225 subscriptions amounting to US$759 million.
Sindhu Bikas Bank deposits get insured
Sindhu Bikas Bank became the first development bank to sign the deposit insurance agreement with Deposit and Credit Guarantee Corporation for the...
India replaces Hong Kong as StanChart’s profit hub
The lender’s aggressive moves in its diversified nature of its business propelled growth in India.
UOB to hire 2,000 in Southeast Asia this year
UOB is planning to hire some 2,000 staff in Singapore and the region this year.
GPBank starts cooperation relationship with NSI
GPBank signed the contract for setting up comprehensive cooperation relationship with National Securities Incorporated.
Woori to expedite savings bank takeover
Woori Finance will expedite its rescue of a Samhwa Mutual Savings Bank. It intends to and resume the operations of the said mid-sized savings bank as...
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks