News

Hong Leong Bank Berhad net profit after tax for the nine months ending 31 March 2009 improved by 16 percent year-on-year to US$198 million.

Save and we will match that dollar for dollar, is NAB's message to encourage savings among lower-income Australians.

Hong Kong’s Wing Lung Bank said its corporate banking division expects to grow corporate loans 30 percent this year.

The Hong Kong branch of BNP Paribas Securities Services has been granted a banking licence by the Hong Kong Monetary Authority. Bruno Campenon, Head of BNP Paribas Securities Services, described their new business plan as "the development of a unique custodian bank in the Hong Kong market."

HSBC Amanah Malaysia has expanded branches within six months with the opening of its Shah Alam branch.

Australia's NAB is hoping its wealthiest customers will avoid those Swiss bankers and instead take up its family office offerings including cars and gifts.

Metrobank topped Bank Category of the Reader’s Digest Trusted Brands award based on an Asia-wide survey by Nielsen Research.

HSBC intends to penetrate Vietnam's promising personal banking segment where less than 10 percent have a bank account. Thus it will soon double its reach in Vietnam by opening three more outlets in Ho Chi Minh City.

Indonesia’s Bank Rakyat says it will cut dividends 35 percent as it faces government pressure to crank out loans with loan growth expected at 22 percent.

Whilst the National Australia Bank is accused of looking at offshoring 628 jobs, Westpac chief Gail Kelly says she will not send jobs overseas while the economy remains tough.

Once bitten perhaps not so twice shy. Temasek and a Goldman Sachs fund are reportedly looking at buying Bank of America’s $8.5 billion stake in Construction Bank of China.

It may not have made any money on the sale of its 2.7 percent stake in HDFC for $263 million, but it wasn’t alone heading for the exit door.

HK Bankers will be scrambling all over smaller towns in China now that they are approved to open an unlimited number of sub-branches in China from October 1.

Crazy Chinese bank lending continues apace with news that three of China’s government-controlled banks have just lent over US$6 billion to an airline that lost $2 billion last year.

Moody's Investors Service has placed on review for possible downgrade various ratings of Sumitomo Mitsui Banking Corporation.

StanChart’s South East Asia CEO says the bank will want to "take a look at RBS" but says deal a long way off.