Retail Banking
China Bank opens first of 40 new branches
China Bank opens first of 40 new branches
China Bank opened its Cebu-Mandaue Cabancalan Branch, its 248th nationwide and 15th in Cebu.
AmBank profits up by 12.6% on net loans growth
The AmBank group recorded a profit of US$224 million for nine months ending 31 March. The after tax and minority interest figure translates to a 12.6...
DBS interested in investing in Chinese bank
Possible investment in a mainland lender is part of DBS' aggressive expansion plan.
Indian banks complain of high valuations in Indonesia
Overvalued stake offers shun SBI and Union Bank of India from buying Indonesian banks.
Thanachart is top bidder for Siam City stake
A person familiar with the deal said Thanachart offered $984.3 million for the SCIB's 47.6 percent stake.
Bank of Communications to receive capital from government
A source said the threat of seizing control over lender prompted China’s Ministry of Finance move.
DBS inaugurates new headquarters building in Shanghai
Singapore's largest bank continues to grow its branch footprint in China with the inauguration of DBS Bank Tower located in Lujiazui.
HSBC, Thanachart among the remaining Siam City bidders
Lenders still eager to acquire 47.6 percent stake in Siam City after three other bidders quit.
Korea Exchange Bank's 2009 net grows by 13.9%
Lower loan-loss reserves and a one-off gain attributed to KEB's growth.
ANZ receives unibank license from Philippines' central bank
ANZ became the first foreign bank to be granted universal status by Bangko Sentral ng Pilipinas.
EON Capital turns down Hong Leong's bid
EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.
State Bank of India considers raising $4.3bln
SBI plans procuring funds through equity within 2 years to reach capital requirement target.
China Merchants Bank gets nod on rights issue
Regulator's approval could bring in additional $3.2 billion after lender's expansion.
Korea Development Bank quits bid for Siam City
HSBC, Bank of Nova Scotia and Hong Leong remain as bidders after KDB saw potential risks.
HSBC belies report on China bank acquisition plans
Bank's chief said 19 percent stake in BoCom was enough as it abides by China's policies.
Siam City's suitors to submit final bids
HSBC and KDB compete to seize the chance of extending operations in the under-banked country.
Michael Pratt appointed to Standard Chartered board
Michael Thomas Pratt will succeed Stefano Paolo Bertamini as Director of Standard Chartered Bank Hong Kong effective 1 February.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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