Retail Banking
CIMB 2009 net surges to $822.2mln
CIMB 2009 net surges to $822.2mln
Increasing input from overseas business and improved capital market operations helped boost record-high profit to $235.8mln.
India facilitates selection of public sector bank chiefs
Retirement of 10 PSB chiefs forced government to appoint one month ahead of schedule.
Bank of Singapore targets doubling assets to US$46bln
OCBC's private banking arm capitalises parent company’s strong base in Southeast Asia to achieve its goal.
National Australia Bank's bid for RBS stakes endangered
Plan of buying $3.1bln assets could be stalled as Britain's Labour government favors Northern Rock.
Approval of ICBC's $530mln bid for ACL likely
China lender targets owning 51% of ACL shares as it strives to gain foothold in Thailand.
Moody's upgrades AmBank's BFSR to D
Moody's has upgraded AmBank's Bank Financial Strength Rating to D from D-. It further confirmed the bank’s foreign currency deposit ratings of Baa2/P...
ANZ to rebrand wealth management unit
Sources said moniker “OneWealth” will be used to refer to its US$45 billion business.
China defends 2 banks downgraded by Fitch
Regulator insisted banks are sound despite admitting that country’s excessive lending exposed them to credit risk.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank Rakyat Indonesia mulls acquiring Bank Agroniaga’s stake
Bank Rakyat is eyeing more than 50% stake 3 years after its last acquisition.
Bank Rakyat Malaysia eyes $500.4mln net in 2010
But the target couldn't be met if Bank Negara decides to increase OPR by .5%.
National Australia Bank’s Q1 net flat at US$986mln
Subdued credit growth and fierce competition caused NAB to lag behind rivals.
Woori's various merger scenarios with other banks surface
Regulator announced possible union between Woori and KB Financial as South Korea targets global financial competitiveness.
OCBC 2009 profit up 12% on non-interest income surge
37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.
Bank of East Asia posts $330.9mln 2009 profit
Profit surge from US$5mln in 2008 is attributed to earnings in securities trading.
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The trial, which will take effect on 1 July, is a step in the right direction.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth