Retail Banking
Drawn-out acquisition talks may disrupt EON Capital business
Lender’s suitors need to hasten deal closure to avoid adverse investor sentiment and lowered staff morale.
Drawn-out acquisition talks may disrupt EON Capital business
Lender’s suitors need to hasten deal closure to avoid adverse investor sentiment and lowered staff morale.
Hatton, SIB agree to improve remittance flow
Hatton National Bank signed an MOU with South Indian Bank to improve the remittance flow to India and Sri Lanka.
EON Capital obtains approval for new directors
Bank Negara affirms EON shareholder’s appointment of 7 independent directors last Friday.
Moody's says Philippines banking system outlook stable
Rating attributed to banks' well preserved and deposit-funded balance sheets and improving domestic and global economy.
Bank Rakyat Indonesia to acquire Bank Agro
Takeover crucial to BRI as it beefs up its assets to become competitive in international market.
Bank Central Asia profit up 17% to $745mln
Improving net interest revenues and fee based income were drivers for lender's growth.
New Hong Leong offer for EON Capital seen
Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.
HSBC eyes Bank of Communication rights issue subscription
Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.
India public sector banks to open insurance business
Lenders take advantage of profitability of insurance and mutual funds operations in the long run.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Affin Bank mulls EON Cap takeover
Lender banks on improving financials and fundraising potential for bid despite criticized for being small.
Metrobank 2009 profit up 36.8% at $131mln
Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.
Thanachart acquires $1bln Siam City stake
Purchase of 47.6% stake in SCB has given Scotiabank avenue to expand in Thailand.
Bank of China to issue $7.7 billion HK shares
Calculated as the biggest fund-raising plan in Hong Kong so far in 2010, the offering represents 20 percent of the bank's H-share capital.
Bank Indonesia to defer single presence rule implementation
BI governor agreed to 2 years postponement as state-owned lenders proposed for total exemption.
2 Indonesian banks' rights issues deadline extension possible
BNI and Mandiri can have more time to submit plans within the context of the process.
India plans injecting $2.1bln in public sector banks
Amount to be infused in Q1 prioritising lenders with 8% or above CAR.
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1. OCBC remains stable amidst strong credit fundamentals: Moody's 2. UOB to maintain good asset quality amidst profitability dip 3. DBS achieves record-high Q1 profit of S$2.96b 4. DBS to maintain strong solvency, robust funding: Moody’s 5. Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 MayAwards
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