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Thai banking system gets stable Moody’s outlook
Thai banking system gets stable Moody’s outlook
The outlook for the Thai banking system is stable over the next 12-18 months, according to Moody’s. Nonetheless, a host of challenges is evident...
Bank Negara Malaysia names Nor Shamsiah Deputy Governor
Experiences during Asian financial crisis and the preparation and implementation of the Financial Sector Masterplan for the development of the...
Maybank first quarter net profit up 16.6%
Maybank recorded a profit after tax and minority interest of US$328 million for the quarter ended September. It is up 16.6 per cent from the bank’s...
Hatton posts 9-month $42M pre-tax profit
HNB recorded a pre-tax profit of US$42 million and a post tax profit of US$25.9 million for the nine months ended September.
Indian bank keen on Indonesian expansion
State Bank of India is keen on expanding its presence in South East Asia by acquiring an Indonesian bank. The bank has allotted USD 100 million for...
BDO 9-month net earnings grow by 58%
Banco de Oro recorded a net income of US$146 million in the first nine months of 2010. This is higher by 58 percent compared to the US$91.27 million...
ANZ invests additional $124.9M in BoT
ANZ invested another US$124.9 million in BoT to support the latter's strategic growth agenda.
ICBC to raise $6.8bln via rights issue
Central Huijin to participate in ICBC’s move to replenish capital following successful attempts of the bank’s rivals.
ICBC officially enters Thai market
ICBC opened a branch Bangkok to mark its foray into the Thai market. The new Branch, formerly ACL Bank before being acquired by ICBC, was officially...
Moody's sees positive outlook on three Chinese policy banks
Moody's upgraded the long-term ratings of three big policy banks in China to Aa3 from A1. The three banks are China Development Bank, Export-Import...
StanChart to increase Southeast Asia workforce by 20%
The lender will add 4,000 employees as it taps region’s emerging countries.
Commonwealth Bank sees customer leaving over interest rate hike
The bank raised its home loan rate by almost double the Reserve Bank's interest 0.25% official rate rise to fund its increasing costs.
Korea Exchange Bank profit down 31.3% to $259.8 million
Board appoints Chief Executive Larry Klane as the next chairman to supervise the sale of its 51% stake.
Moody's downgrades Shinsei Bank's financial strength
Moody's downgraded Shinsei Bank Limited's bank financial strength rating to D- from D+.
Public Bank achieves 22% pre-tax profit growth
The Public Bank achieved a pre-tax profit of US$958.6 million for the first nine months of 2010. The figure represents a 22 per cent growth from the...
BOC’s nine month profit up by 27.70%
BOC recorded a profit after tax of US$12.48 billion in the first three quarters of 2010, an increase of 27.48 per cent compared with the same period...
ICICI eyes issuing of benchmark 10-Yr dollar bond
Analysts see more bond release from Indian banks investors are becoming more comfortable with Indian paper.
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The trial, which will take effect on 1 July, is a step in the right direction.
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The Asian connection: China's path to sustainable growth