Retail Banking
ICICI Q4 profit up 79% at $303mln
ICICI Q4 profit up 79% at $303mln
Lender's net profit jumped while total income slid by almost 5%.
Hong Leong submits application for EON's takeover
HLB also submitted application for $470.37mln rights issue to Malaysia's central bank for its expansion.
Affin rejects report of bidding for EON Cap
Affin said it is on a lookout for growth opportunities despite denying move to acquire EON.
Danamon 1Q 2010 profit up 78% at $78mln
Net profit growth attributed to surge in loans and cost of credit improvement.
Bangkok Bank Q1 2010 profit up 24%
Analysts believe net profit growth at $187mln may be sustained due to economic rebound.
China Minsheng 2009 profit up 53% at $1.8bln
Lender's earnings report excludes its $130mln investment in UCBH Holdings that upset its proposed overseas expansion.
China banking crisis inevitable: Andy Xie
When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.
StanChart appoints Sean Wallace head of client relationships
Sean Wallace has record performance in accelerating the growth of lender’s Corporate Finance business.
Affin shows interest in EON Cap takeover
Affin sees EON Cap takeover a possible opportunity to strengthen position in banking industry.
Philippine Bank of Communications equity sale goes on
Lender opted to look forward to divesting 67% of its equity even beyond March deadline.
EON Cap withdraws dividend payment plan
Board handed down decision to avoid reduction in $1.6bln offer price to HLB.
RHB interested in engaging in M&A
Lender sees possibility of the move within the year if it would give strategic advantage.
Council for Third Age & POSB launch Active Card
Singaporeans at least 45 years old are now further protected against fraud or theft while also enjoying healthcare privileges with the launch of the...
Sumitomo Mitsui targets buying stake in Chinatrust
Chinatrust aims to use Sumitomo’s $85mln investment for its expansion in the mainland.
SBI hires 18,000 to mutual fund sales force
Move can make lender India’s biggest mutual fund marketing machine.
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.
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