Retail Banking
BCEL, China bank sign deal to ease currency exchange
BCEL, China bank sign deal to ease currency exchange
BCEL signed an agreement with Pudian Bank of China to facilitate the opening of accounts and simplify currency exchange between the two banks.
Indonesia banks step up launch of microlending units
Lenders keen on seizing opportunity to expand market and boost profit by tapping the less affluent.
Bank Mandiri plans buying micro banks
Availability of funds the allows the lender to expand network by buying medium sized banks.
China Minsheng Bank targets issue of $3.15bn bonds
The bond issuance could help to expand the bank’s funding sources and lower the cost of funding.
Taiwan and Taishin to manage Chang Hwa board election
Taiwan earlier planned to increase the government's stake in CHB and to persuade Taishin to sell some of its CHB stocks to state-owned banks.
South Korea regulator pushes for Woori sale
The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.
Punjab National Bank seeks buying 33% of MetLife India stake
PNB is keen on investing in an insurance company which would offer higher stake at an attractive price.
RHB Cap first quarter profit up 9.3% to $126.1mn
Improvement on net interest income, other operating income, income from Islamic banking business and lower allowance for impairment on loans drove...
Fubon first quarter profit up 71% to US$354.9mn
The lender posted a return on asset of 1.18% and return on equity of 18.75%.
StanChart may exit from South Korea
While the lender’s growth lags rivals following focus as it shifts to retail lending, it says remains committed to South Korea.
CIMB Q1 net profit up 9.4%
CIMB Group Holdings Bhd's net profit for first quarter was 9.4% higher year-on-year at RM917million.
Action recommended against ex-Gurkha Bank officials
A meeting of the NRB Board of Directors on Tuesday recommended action against the former Gurkha Development Bank officials, employees and creditors...
StanChart affiliates, OCBC eye Bank Muamalat
A Standard Chartered plc affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp are among bidders for a controlling stake in PT Bank...
Hua Nan Bank plans buying stake in Fujian Haixia Bank
The lender plans to acquire Chinese banks stakes as many as regulations allow considering future possibility of Taiwan banks being depent on the...
Hana Bank plans starting globalization route in China
The lender aims to be Mainland’s top foreign bank by 2020 as it plans of M&As and IPOs.
Kasikornbank to allot 250% more loans to China SMEs
The lender is cautiously positive in expanding in China as its central bank tightened banking reserve requirement to avert possible overheating of...
Affin pre-tax profit down in Q1
Affin Holdings recorded a 20.9 per cent lower pre-tax profit of RM140.3 million for the first quarter ending March 31 against RM177.3 million from...
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