News
Korean banks can expect higher profits this year
Measures taken by the government and central bank proved to be successful in hampering NPL growth.
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.
BEA complies with China's data centre requirement
BEA China became the first locally-incorporated foreign bank in China to open a data centre.
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.
Bangkok Bank China opens for business
Bangkok Bank China Co. Ltd., the first Thai bank to be locally incorporated in China, has opened for business.
Westpac begins offering Samurai bonds—source
The lender reissued yen-denominated bonds after a year-long hiatus due to global financial crisis.
UCO Bank plans to open 100 mobile branches
The year-long expansion will enable the bank to provide low-cost services all over the country.
UOB’s life insurance unit to be purchased by Prudential
The life insurance unit of Singapore’s second-largest lender by market value will be purchased by Prudential Plc for S$428 million ($306 million).
ICICI Bank, First Data forge partnership
The two firms synergize resources to form ICICI Merchant Services, a merchant acquiring alliance.
Sumitomo Mitsui Financial eyes sale of $8.7bln shares
Source says selling of shares is aimed to comply with more stringent capital requirement and for expansion.
Bangkok Bank eyes growth in loans to SMEs
Expected increase in small-sized loans prompts bank to focus on SME loans in 2010.
Agricultural Bank Of China awaits IPO approval
Government's nod for IPO in Shanghai and Hong Kong could raise $22 billion for the bank.
Maybank Cambodia eyes early turnaround for 7th branch
Maybank is targeting a turnaround in the second year of operation for its new Toul Kork branch.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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