Retail Banking
Union Bank starts move to acquire Indonesian banks
Union Bank starts move to acquire Indonesian banks
Talks with 3 to 4 small-scale Indonesian banks are part of the Indian lender's overseas expansion scheme.
Philippine Bank of Communications sale still possible
The state deposit insurer maintained hope for a possible takeover of troubled lender by March.
Korean banks can expect higher profits this year
Measures taken by the government and central bank proved to be successful in hampering NPL growth.
Commonwealth Bank of Australia plans aggressive Asian expansion
Lender wants acquisitions and formation of strategic partnerships focusing on Indonesia, China and Vietnam.
China Construction Bank and Santander eye tie-up
The joint venture intends to install 100 village banks in China with $439 million initial capital.
State Bank of India to beef up workforce
Lender plans employing 25,500 personnel this year.
Kookmin Bank head declines KB Financial chief nomination
Kookmin Bank head refuted speculations that his resignation was due to government pressure.
DBS secures licence for Vietnam branch
DBS Bank will set up its first branch in Ho Chi Minh City, Vietnam this year after receiving regulatory approval.
Reported investigations and resignations put Alliance in the spotlight
Speculations simmer down as bank's statement denied rumors of large-scale shakeup.
Bank of China plans raising $3bln thru refinancing
Sources report bank's scheme to replenish capital likely to receive approval from regulator.
Bangkok Bank China opens for business
Bangkok Bank China Co. Ltd., the first Thai bank to be locally incorporated in China, has opened for business.
BEA expands Guangdong network
BEA China followed the “cross-location” trend in Foshan with the opening of its sub-branch. The bank group became one of the first mainland...
Sumitomo Mitsui Financial eyes sale of $8.7bln shares
Source says selling of shares is aimed to comply with more stringent capital requirement and for expansion.
Agricultural Bank Of China awaits IPO approval
Government's nod for IPO in Shanghai and Hong Kong could raise $22 billion for the bank.
Maybank Cambodia eyes early turnaround for 7th branch
Maybank is targeting a turnaround in the second year of operation for its new Toul Kork branch.
CIMB Thai appoints Phasukvanich as Chairman
Chakramon Phasukvanich takes over from Dato’ Robert Cheim Dau Meng as Chairman of the Board of Directors of CIMB Thai with effect from 1 January 2010...
Indian banks have 40,000 job vacancies
Indian public sector banks need to fill in vacancies caused by business expansion, resignations and retirements.
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