Retail Banking
Korea Exchange Bank pursued by other banks
Korea Exchange Bank pursued by other banks
As economy improves, CEOs of other South Korea banks are eyeing to merge with KEB.
Bank Ekonomi increases profits by 55%
Bank Ekonomi reported profit before tax of US$33 million for the nine months to 30 September 2009. The figures represent an increase of 55 percent on...
China banks approach Newbridge for Taishin stake
The Commercial Times reported that Chinese banks want to buy $923-million worth of Taishin stakes.
Westpac to focus on localised, personalised operations
Bank managers are reinstated in Westpac South Coast to serve customers with personal touch.
Liang appointed Fubon Managing Director and CEO
Mr. Pei-Hwa Thomas Liang succeeded Mr. Jin-Yi Lee as Managing Director and Chief Executive Officer of Fubon Bank. This was announced by the bank’s...
Chang Hwa cited for good funding, liquidity
Chang Hwa Bank's good market position, established franchise and importance to Taiwan banking system's stability is the basis of Standard & Poor’s...
Punjab National Bank finds no takers for PNB Gilts
Lack of buyer leaves PNB to acquire PNB Gilts as an option.
Korean Shinhan launches first branch in Vietnam
Shinhan is targeting the 90% of Vietnamese people who have yet to open a bank account with its new launch into Vietnam.
Soros invests $100mln in Minsheng
Soros Fund Management LLC, founded by George Soros, has spent $100 million to invest in China Minsheng Banking Corp Ltd. It plans to issue 3.82...
Allahabad Bank retains its conservative growth strategy
Present de facto CEO continues to adopt bottomline growth strategy introduced by his predecessor.
HSBC Amanah launches its initial off-site ATMs
The opening of ATMs in Suria KLCC signals the start of the bank's expanded distribution capability.
Newly installed DBS head outlines priorities
DBS CEO Piyush Gupta puts premium on communication with subordinates as he familiarises with his position.
Krungthai cites rising number of clients
Krungthai beat expectations by releasing 80,000 more new cards and earning $6 million net.
CIMB's 9-month profit up 27.7%
CIMB reported a net profit of US$593 million for the 9 months of 2009 due to divisions' good performances. This represents a 22.7 percent year-on...
China banks: SMEs are more profitable
Research shows banks can profit up to 30% more from loans to SMEs.
State Bank of India to raise $300mln loan for HCL Tech
According to a source, India's largest lender plans to market the syndicated loan in UK. State Bank of India is in talks to raise a $300 million...
ANZ global headquarters gets environmental recognition
ANZ today announced the official opening of its global headquarters, ANZ Centre, in Melbourne’s Docklands precinct.