Retail Banking
Hang Seng unveils Foshan sub-branch
Hang Seng unveils Foshan sub-branch
Hang Seng China opened its first cross-city sub-branch in the Nanhai District, Foshan City.
ING Asia Private Bank renamed Bank of Singapore
OCBC has completed the acquisition of Singapore-based ING Asia Private Bank Limited and its subsidiaries for approximately US$1,446 million.
BPI Globe BanKO to lend $21.67bln for microfinance
Venture resulting from partnership of BPI and Globe Telecom aims to maximise lender’s wholesale microfinance portfolio.
South Korea mulls hastening sale of Woori Finance
Sale of 16 percent stake of the financial firm speeds up its privatisation.
Arnold appointed President of Bank of Ayudhya
Mr Mark Arnold succeeds Bank of Ayudhya's former President and CEO, Mr Tan Kong Khoon. He had announced his wish to step down from his role on 31...
Vietcombank reports 45% earnings growth in 2009
Surge in profits was propelled by government's stimulus package that fostered bank's lending.
Krung Thai eyes 30% surge in fee income
Lender's optimism extends to its expansion plans and growth in consumer loans.
S&P scrutinizes IDBI's medium-term notes
Standard & Poor's assigned a 'BBB-' rating on the senior unsecured notes of IDBI Bank's proposed debt issues under the US$1.5 billion medium-term...
SCB nets US$630.6 million for 2009
SCB reported a 2009 net profit of US$630.6 million--almost at par with the record high set in 2008. In addition, the Bank reported a resumption of...
EON Capital still undecided on Hong Leong's offer
EONCap considers bids from other banks as it is studying Hong Leong's $1.44bln cash offer.
Mega International to partner with Bank of China
Tie-up was spurred by the signing of financial Memorandum of Understanding between Taiwan and Mainland.
Bank of Taiwan speeds up China market penetration
BOT chair said it considers buying China's municipal banks while forming alliances with its top lenders.
Getting transparent exposure
Managed account platforms are fast gaining popularity among institutional investors looking to get exposure to the “good” risks of hedge funds...
Siam City seeks completion of 47.58% stake divestment
Bank wants its new shareholder to help fortify operations and to revise bank's 2010 core business plan.
Woori Financial eyes acquiring Hanmi Bank
Move is part of Woori's plan to capture Korean American market in the two US coasts.
State Bank of India eyes growth in Japan
Lender is also eager to act as broker that facilitates collaboration between Indian and Japanese firms.
Bangkok Bank posts $606M net profit
Bangkok Bank increased its net profit in 2009 by 0.02 percent to US$606 million. Profit before provisioning and tax amounted to US$1.085 billion, 0...
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
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