Retail Banking
Hana prepares to take over Woori
Hana prepares to take over Woori
Yet banking experts are worried that the acquisition will strain Hana’s resources.
OCBC sees greener pastures as Asian economy improves
But misses second quarter forecast behind 24% surge in operating expenses and 40% in staff costs.
DBS' net interest margins fall to 1.84% in the second quarter
The bank said more than half of the margin decline was due to a shift in the securities portfolio towards higher-quality issues with lower yields.
Punjab National Bank targets $1.12bln business in 2010
Estimate 21.1% higher than 2009 as lender will give priority to retail, agriculture and MSME sectors.
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
Foreign insurance firms woo India's PSU banks
MSIG, Manulife and Ergo are hunting for public sector banks to enhance their fee-based income as cushion from crisis.
Thailand banks' profits surge as loans recover
Kasikornbank, Kiatnakin, Siam City, Tisco among local lenders that reaped growth despite political unrest.
HSBC releases new RMB investment product
Lender will launch RMB FX-linked deposits and preferential time deposit with 1.41% per annum rate.
Fitch affirms Hong Leong at BBB+
Places EON on positive watch as rating company takes into account HLB's planned $2.18bln EON takeover.
Sumitomo Mitsui mulls investing $5bln in US bank
The lender is scouting potential buy among 20 US banks to acquire 30% of banking profit from overseas clients.
Agricultural Bank of China attracts big-time IPO investors
The bank takes the opportunity on China government's drive to boost growth in country's centre and Western regions.
National Australia Bank earns $387mln from bond issue
Lender’s sixth Maple bond issue surpassed the $194mln target earnings.
Bank Mandiri picks Zulkifli Zaini as president
Zaini will replace incoming Indonesian finance minister Agus Martowardojo.
On-going turmoils cause Thai banks to remain resilient
But analysts say with strong capital and liquidity, stronger banks can still maintain overall performance in 2010.
Kookmin Bank chief to resign before tenure ends
Kang Chung-won's plans of early quitting gives incoming KB Financial chief free rein in reorganising lender.
Philippines' Central Bank intervenes in PBCom sale
BSP persuades the Chung, Nubla and Luy families to divest stakes from lender.
HSBC inaugurates flagship centre to support SMEs
Lender posted 42% increase in lending to SMEs and 22% growth in deposits.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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