Retail Banking
Bank of East Asia posts $330.9mln 2009 profit
Bank of East Asia posts $330.9mln 2009 profit
Profit surge from US$5mln in 2008 is attributed to earnings in securities trading.
EON Bank proceeds with makeover scheme
Lender positive in moving forward by venturing into bancassurance despite Hong Leong’s failed merger bid.
2 Australian banks report better than expected profits
Bendigo and Adelaide Bank's profit increases as investor confidence on regional banks rebounds.
Westpac profit surges 33% to US$1.44 bn
Reduction of bad debts resulting from improving global financial climate caused the US$1.44bn cash profit.
Singapore lifts ban on sales of structured notes by DBS, Maybank and RBS
The ban was lifted after accounting firms KPMG and PricewaterhouseCoopers said they were satisfied with the banks' plans and implementation.
Kookmin Bank Q4 net grows by $291.23mln
Lender’s profit back to green despite KB Financial’s Q4 net slid by 59.4%.
Profits of Indonesian banks up 47.7% on lending margins
Surge attributed to bank’s preference to maintain high lending margins despite low 10% lending growth.
BEA earns US$339.7M on operating income growth
Bank of East Asia's consolidated profit after taxation reached US$339.7 million for 2009.
Asia Pacific banking systems exhibit stability
Twelve of Asia Pacific’s banking systems were given improved stable outlooks by Moody’s Investors Service.
CSFI/PwC report warns of Asian banking risks
Over-reaction of regulators ranked as the biggest fear of Asian bankers.
India cancels plan for bank mergers and acquisitions
Central bank's aversion for consolidation of lenders spurs government to shelve moves to discuss M&As.
KB Financial Chief Director Cho Dam quits
South Korea's new policy limiting outside directors to a maximum five year term prompts Cho's resignation.
Moody's lowers Singaporean banks' hybrid securities ratings
Moody's Investors Service downgraded its ratings on certain Singaporean banks' hybrid securities in line with its revised guidelines.
Maybank Q2 net profits up by 35%
Loans growth and higher non-interest income aided net profit boom to $289.52mln.
China Construction and Banco Santander JV talks ongoing
CCB would provide 60 percent for the venture while Banco Santander will fill in the rest.
Sumitomo Mitsui's Q3 net grows by $1.39bln
The bank raked in the highest profit in seven quarters and topped combined profits of Japan's megabanks.
BankIslami to conduct due diligence on EGIBL
State Bank of Pakistan has permitted BankIslami to conduct due diligence on Emirates Global Islamic Bank Limited.
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