Retail Banking

South Korea regulator urges banks to support builders in trouble

South Korea regulator urges banks to support builders in trouble

Major banks have been blamed for magnifying builders' problems by refusing to roll over maturing loans or forcing them to repay their loans.

Maybank receives approval for notes programme

The programme also enables Maybank to issue notes, senior and/or subordinated notes in currencies other than ringgit.

RHB Bank targets expansion in Singapore and Indonesia

The lender to get more out of the impressive performance of its Singapore unit as its pre-tax profit there jumped by 49%.

Southern Bank eyes pretax profit of $28.7M

Southern Bank is targetting a pretax profit of $28.7 million this year, up 12.68% from a year earlier.

HDFC Bank's profit up 33% to $26mn

The bank’s board approves stock split as its beat market estimates behind surge in retail and corporate lending.

StanChart Vietnam reports 2010 revenues of $40.5M

Standard Chartered Bank Vietnam reported total revenues of  $40.5 million and pretax profit of $4.2 million for 2010.

VPBank to raise capital to VND5.05T

VPBank approved a resolution to raise its chartered capital by VND1.05 trillion to VND5.05 trillion in 2011 financed from capital surplus and...

China banks introduces new products to defy loan curbs

Aside from challenging credit curbs, the wealth products are also a form of financial experimentation in China that lay the foundation for a...

AIA Group to form Malaysia subsidiary

AIA Bhd is part of the group’s strategy on organic growth in Asia.

People's Bank of China pulls out $12.7bn from money market

China’s central bank had already hiked banks' reserve requirement ratio thrice as it steps up drive to tighten excess liquidity amid concerns about...

Bank of Baroda plans expansion in Chandigarh region

The lender to open 22 branches in the north as it aims to aims increased exposure to $28.07mn in agriculture, $44.91mn in SME and $89.81mn) in retail...

ICBC applies for Fed approval on BEA US unit acquisition

ICBC eyes for a US retail unit to move into small and mid-sized business loans and consumer banking.

China Merchants Bank plans to sell shares

The lender pursues fundraising plans despite its statement last March 2010 emphasizing that it would have no need to raise additional capital for the...

CIMB's new pension fund in place by year-end

CIMB will implement a new private pension scheme in Malaysia.

Hana Financial profit down 2.6%

Hana Financial Group's first-quarter earnings declined 2.6 percent from a year earlier due to decreased interest income.

NAB seeks partners to bid for Lloyds branch

The lender mulls to spin off existing UK assets to JV as it woos NBNK and BBVA for partnership.

China requires its banks $131bn capital over 6 years

Compliance to stricter rules aims to ensure that banks have sufficient capital to be ready for a crisis that would minimize any government bailout.