Retail Banking
State Bank denies rumors of SHB's takeover of Habubank
State Bank denies rumors of SHB's takeover of Habubank
Tthe State Bank of Vietnam stated that it has not received any report on the SHB’s proposal to buy Habubank.
DBS Indonesia's net profits surge 74.4 % to $41.8M
PT Bank DBS Indonesia posted a 74.4 percent increase in net profits to Rp 384 billion or US$41.8 milion in 2011.
West Java's Bank BJB grows lending by 21.5% to $3.13 B
Bank BJB’s lending grew by 21.52 percent last year to Rp 28.76 trillion or US$3.13 billion.
Azzabin is new CEO of Al Rajhi Bank
Al Rajhi Bank has appointed Suliman AbdulAziz Azzabin as chief executive officer.
Bank Mega books over $109M net income despite sanctions
Bank Mega's net income went up 12 percent from the previous year to more than a Rp 1 trillion or US$109.3 million.
Survival of the fittest for Vietnam’s weakest banks
Vietnam’s small and weak banks face a grave situation that will soon become worse.
Vietnam's WesternBank posts US$7.6 M pre-tax profit
WesternBank pre-tax profit increased by 148 percent year-on-year to VND161 billion or US$7.6 million.
Khazanah Nasional takes a huge chunk of CIMB Group
Malaysia’s Khazanah Nasional triples its ownership in CIMB Group Holdings Bhd, one of Malaysia's leading banks.
Sri Lanka's NSB posts 16% deposit growth
The National Savings Bank recorded a 16% deposit growth in 2011, with its deposit base surpassing the Rs. 400 billion or US$3.2 billion mark.
Techcombank's 2011 profit up 53% to $200M
Techcombank posted a US$200 million in 2011, an increase of over 53 per cent over 2010.
FATCA triggers concerns on government-to-government reporting
Some European countries already agreed to report to their own government agencies rather than direct to the US government - will Asia follow suit?
Philippine deposits surge to US$120 billion
The Philippine baking system showed robust deposit strength in 2011.
Bank Mandiri shifts focus from corporate to retail lending
Indonesia's largest banks will start chasing high yields from retail loans.
Will Japanese banks succeed in conquering Australia?
Reports say they have plans of getting 10% of the Aussie banking industry - find out what Patrick Winsbury from Moody's thinks.
Bank Islam expects stiff competition in 2012
Bank Islam expects 2012 to be challenging with moderate loans growth and weaker net interest margin as competition sets in.
Alliance Bank eyes 15-17% growth in SME business
Alliance Bank Malaysia is confident of gaining a 15-17 percent growth in its SME business for its financial year ending March 31, 2013.
Taiwanese bank withdraws from Vietnam
The Land Bank of Taiwan has closed its representative office in Ho Chi Minh City.
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