News

Improving economy and a low interest environment spurred the lender's loan growth and noninterest income.

China Minsheng Banking Corporation recorded a 46.48 percent year-on-year increase in third quarter net profit attributable to shareholders to 4.14 billion yuan ($619.51 million), with earnings per share of 0.16 yuan ($0.02), according to a company filing.

Hana Financial is seen as a potential bidder for $6bln sale of 57% stake in Woori.

The lender expects Asia to contributing a third of profit in medium-term as KEB due diligence is nearing completion.

The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.

Despite double digit growth, third quarter profit still fell short of the $1.42bln median analysts’ estimate.

Financing income rises for the first nine months behind strong growth in all business segments.

The lender to use the proceeds to bolster its long-term targets as its CAR stood at 16.4%.

The facility to be used for financing HP’s 32-acre “next generation data centre” in Cyberjaya.

Investors bid for 20 times the bonds offered in the sale as SBI earlier targeted $112.22mln.

The lenders eye to tap on the underserved segment that accounts for 6% of population.

BNI plans a December rights issue after Indonesian government delayed Bank Mandiri's $1.5bln plans until 2011.

Two Private Banking heads for Greater China and Singapore will succeed Monica Wong as Chief Executive of Private Banking in Asia.

Government infrastructure projects helped boost the lender’s profitability, which is $23.43mln above forecast.

The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.

Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.