Retail Banking

10 Chinese banks surpass expected profits in first half

 Ten Chinese commercial banks reported higher-than-expected net profits of 244.7 billion yuan or 72.11 billion U.S. dollars.

Woori Bank’s privatization likely to remain challenging over the next quarters

None of the major banks participated in the latest bidding process presumably because of the huge KRW9.3 trillion funding requirement.  

Macquarie Bank enters Hong Kong

The Australian bank now has a licence from the Hong Kong Monetary Authority.

Minsheng awaits govt approval for financing plan

China Minsheng Banking Corp's current capital level will still meet operational needs for this year even if the government rejects its financing plan...

ICICI fined Rs 25,000 for wrongly deducting customer's account

ICICI Bank has been asked to pay a fine and return the amount deducted from a customer.

GRG Banking seals US$27.9m deal with Bank of China

So far BOC has over 14,000 ATMs made by GRGBanking.

Chinese firms turn to Hong Kong banks for loans

Chinese firms are turning to Hong Kong’s banks for loans as the central government tries to bring the inflation rate down from a three-year high by...

CIMB’s net profit grows 9.3% to RM1.8b in 1H 2011

For 2Q11, the Group’s net profit of RM970m was 5.8% higher than 1Q11.

Techcombank to raise charter capital via new shares

Techcombank plans to raise its charted capital to VND8.79 trillion from current VND6.93 trillion through issuing 185.59 million new shares.

Maybank registers record profit of RM6.27B

Maybank's group profit before tax increased to RM6.27 billion for the year ended June 30, 2011.

CCB post operating income of $30B for 1st half

China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent...

Bank of Communications' first half profit up 29.67%

Bank of Communications recorded a first half profit increase of 29.67 year-on-year, helped by a widened net interest margin and higher commission...

ANZ Bank has momentum for another record profit

ANZ Bank will likely raise its full-year earnings growth to another record profit.

Job cuts and outsourcing in Westpac loom

The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.

State Bank of India has $354mn direct exposure to EU market

Yet the state-run lender stressed that it has no exposure to the region’s sovereign bonds.

MBK Partners faces two rivals in bidding for Woori

Goldman Sachs and Canada Pension Plan joined MBK in its attempt to seal South Korea’s biggest banking privatization deal.