China
China Everbright Bank's 2010 net profit up 67.4 %
China Everbright Bank's net profit is up jumped 67.4 percent to US$1.96 billion U.S. dollars for the 12-month period ended on Dec. 31. 2010.
China Everbright Bank's 2010 net profit up 67.4 %
China Everbright Bank's net profit is up jumped 67.4 percent to US$1.96 billion U.S. dollars for the 12-month period ended on Dec. 31. 2010.
Westpac to expand operations in Asia
Westpac Banking Corporation expand its business in Asia organically and through partnerships rather than acquisitions, according to its chief executive Gail Kelly.
China mulls Singapore as new renminbi trading centre
China eager “to push 'Asianization' of the renminbi” as analysts believe it is in its interest to establish more offshore renminbi hubs.
Bank of Communications expands US services
China's Bank of Communications in the United States will include deposit-taking, lending and trade finance in its services.
China’s city lenders to reduce speed of regional expansion
China’s regulator may reassess the operations of banks’ interregional branches as it advised them to focus on their own markets of origin.
China Merchants Bank 2010 profit up 41.3% to $3.93 billion
The lender’s capital adequacy ratio rose to 11.47% in 2010 from 10.45% at end 2009.
China Merchants Bank mulls capital boost via external sources
The bank aims to grow its loans by 16% in 2011 as its capital adequacy ratio is lower than that of its major rivals.
China keen on establishing currency settlement scheme with Taiwan
The move aimed to further boost business of China in Taiwan as economic exchanges across the Taiwan Strait are increasing daily.
ICBC fourth quarter profit up 32% to $5.7bn
Rising interest rates have helped China’s “Big Four” banks record double-digit profit surge.
China: Getting to the retail banking customer
Rebalancing growth
China banking system stable, says Moody's
Moody's said the outlook for China's banking system is stable over the next 12 to 18 months. It added that the country's banks have adequate cushions against rising non-performing loans.
Industrial Bank plans $7.62bn bond sale
The lender to use proceeds to increase stake in Union Trust to 56%.
GRGbanking tackles ATM software market
They will launch a software suite which will provide a selection of standard software that is required in the Financial Self Service Area.
GRGbanking net profit grew 22.48% in 2010
Net income rose 24.25 per cent to US$80.14 million, according to GRG Banking Equipment.
China Construction Bank fourth quarter $3.73bn profit below expectation
The lender’s falls short of the expected $4.17bn forecast and posted a $610mn impairment charge.
ATMI and RBR launched China ATMs 2011 Conference
It is the only dedicated ATM conference in China-the world’s fastest growing ATM market.
BOC's after tax profit up 28.52%
BOC achieved profit after tax of US$16.7 billion, a year-on-year growth of 28.52 per cent.
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Why Philippine banks, insurers embrace hyper-personalized services
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