Retail Banking
ANZ targets $3.8bln Korea Exchange Bank stake
ANZ wants to acquire 57.27% while MBK is still trying to bid for 51% of KEB.
ANZ targets $3.8bln Korea Exchange Bank stake
ANZ wants to acquire 57.27% while MBK is still trying to bid for 51% of KEB.
KB Financial to shift focus to marketing
88 percent of the back office staff at Kookmin Bank to be reassigned to marketing tasks.
BPI readies $220mln for possible acquisitions
Lender on a lookout for a potential buy as part of its 5-year growth plan.
Krung Thai mulls Nok Airlines stake sale
Lender to review Nok's competitiveness and financial soundness before it would divest its 10% stake.
Regulator to consult market on NAB's AXA bid
NAB hopes to ease the concerns of the regulator through its revised offer.
HSBC appoints 3 Resources and Energy group directors
Appointees provide expertise for advisory and financing services of Asia-Pacific resources and energy sector.
Major Philippine banks may seek expansion through acquisitions
Takeover of smaller banks could take place as banks go for competitive edge.
Regulator backs Hong Leong's $1.7bln EON Cap acquisition
HLBB also earned approval from the Minister of Finance to acquire subsidiaries of EON Cap.
Hang Seng sees 30% yuan deposit growth
Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.
Mega Bank to forge partnership with Chinese banks
Tie-up with ICBC and BOC expands links on currency remittance and international syndicated loans.
KB Financial chief uninterested in Woori takeover
Lender wants to recover from losses first before it considers acquiring other banks.
Hana prepares to take over Woori
Yet banking experts are worried that the acquisition will strain Hana’s resources.
OCBC sees greener pastures as Asian economy improves
But misses second quarter forecast behind 24% surge in operating expenses and 40% in staff costs.
DBS' net interest margins fall to 1.84% in the second quarter
The bank said more than half of the margin decline was due to a shift in the securities portfolio towards higher-quality issues with lower yields.
Punjab National Bank targets $1.12bln business in 2010
Estimate 21.1% higher than 2009 as lender will give priority to retail, agriculture and MSME sectors.
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
Foreign insurance firms woo India's PSU banks
MSIG, Manulife and Ergo are hunting for public sector banks to enhance their fee-based income as cushion from crisis.
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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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