Retail Banking
Public Bank improves by 4.5% via financing income
Public Bank improves by 4.5% via financing income
Public Bank achieved a pre-tax profit of US$984.7 million and net profit of US$747 million for 2009. This happened on the back of a strong 10.2...
EON Capital requests Bank Negara's nod for negotiations
Talks with Hong Leong for possible acquisition of its assets and liabilities are not yet finalised.
Indian central bank's push for rate cut resisted
Banks cite cost mismatch as reason to reject RBI's planned regulation of cutting home loan rates.
Korea Development mulls bidding for Siam City
Move is KDB's response to Korean President's pressure to boost competency of state-owned banks by privatisation.
Siam Commercial plans opening China operations in 2011
Lender targets profiting from Chinese small and medium enterprises as it ventures in the country.
South Korean regulator considers suing Kookmin Bank
Bank apologizes and promises punishing those involved in leaking of memo regarding a regulatory investigation.
DBS eager to increase operations in Asia
Economic recovery and new CEO prompts lender to expansion that could increase earnings by 26 percent.
Union Bank starts move to acquire Indonesian banks
Talks with 3 to 4 small-scale Indonesian banks are part of the Indian lender's overseas expansion scheme.
Philippine Bank of Communications sale still possible
The state deposit insurer maintained hope for a possible takeover of troubled lender by March.
Korean banks can expect higher profits this year
Measures taken by the government and central bank proved to be successful in hampering NPL growth.
Commonwealth Bank of Australia plans aggressive Asian expansion
Lender wants acquisitions and formation of strategic partnerships focusing on Indonesia, China and Vietnam.
China Construction Bank and Santander eye tie-up
The joint venture intends to install 100 village banks in China with $439 million initial capital.
State Bank of India to beef up workforce
Lender plans employing 25,500 personnel this year.
Kookmin Bank head declines KB Financial chief nomination
Kookmin Bank head refuted speculations that his resignation was due to government pressure.
DBS secures licence for Vietnam branch
DBS Bank will set up its first branch in Ho Chi Minh City, Vietnam this year after receiving regulatory approval.
Reported investigations and resignations put Alliance in the spotlight
Speculations simmer down as bank's statement denied rumors of large-scale shakeup.
Bank of China plans raising $3bln thru refinancing
Sources report bank's scheme to replenish capital likely to receive approval from regulator.
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Why high capital levels are a double-edged sword for Singapore banks