News
ICBC ups net profit by 14% in Q1
ICBC ups net profit by 14% in Q1
ICBC's net profit rose 14 percent year on year to 61.34 billion yuan or US$ 9.77 billion in the first quarter of 2012.
Philippine Savings Bank doubles net profit to $12.9M
Philippine Savings Bank reported a net income to US$12.9 million in the first quarter of 2012.
Philippine Deposit Insurance Corp takes over Exportbank
The Export & Industry Bank has been placed under receivership of the PDIC by the Philippines' Monetary Board.
Most Aussie banking professionals want to change jobs
Australia’s banking and finance people seem a dissatisfied lot.
11 Indian banks downgraded by S&P
It’s not welcome news for banks anytime.
DBS, UOB, OCBC have high-quality capital base: Fitch
Thanks to the banks’ high capital standards, close regulatory supervision and strong funding franchises.
Public Bank Q1 pre-tax profit up 6.2%
Public Bank's first quarter pre-tax profit increased by 6.2 percent to RM1.245 billion from RM1.173 billion from the previous quarter.
Tougher banking rules boost banking safety in China
Rating agency Standard & Poor’s applauds China’s amended reserve regulations.
Danamon's Q1 lending up 23% with $11.6B
Bank Danamon fueled a 23 percent year-on-year growth in loans for Indonesia’s in the first quarter of 2012.
HDFC Bank exceeds expectations with Q4 profit of $282M
HDFC Bank exceeded analysts' expectations with a 30.3 percent rise in fourth-quarter net profit of US$282 million or Rs 1453.
Banks are bullish on Malaysian SMEs
Malaysian banks have a winner in the country’s growing legion of small and medium enterprises.
Australian bank to increase presence in China and Indonesia
Commonwealth Bank of Australia intends to generate more than half its profit overseas.
Moody’s rates Hong Kong’s and China’s banking industry
Ratings agency Moody's Investors Service affirms the stability of the banking system in Hong Kong and China.
OCBC seeks more overseas revenues
The new CEO of the Oversea-Chinese Banking Corporation has grand plans for the Singaporean bank.
Malaysia's CIMB close to acquiring 60% stake in Philippines' BoC
CIMB's acquisition of a 60% stake in the Bank of Commerce is now awaiting the Philippine central bank's approval.
Malaysia's Affin again eyeing 51% of Indonesia's Bank INA Perdana
Affin Bank is still interested in acquiring at least 51 per cent or a majority stake in Indonesia's PT Bank Ina Perdana.
Australia's Westpac to open first branch in India
Westpac announced that it will open its first branch in India.
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