Retail Banking
Woori Bank’s privatization likely to remain challenging over the next quarters
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.
Indonesia central bank: Curbing foreign investment not our intention
Bank Indonesia’s bank ownership limit aimed to foster good governance in banking after fraud cases surfaced.
Minsheng Banking first half profits up 57%
Rising incomes from loans and fees pushed China Minsheng Bank's first-half profits up by surged 56.98 percent.
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