Tag: Banking
ANZ New Zealand Posts 12% Profit Rise in September
Australia and New Zealand Banking Group (ANZ New Zealand) delivered a statutory profit of NZ$1,986 million for the financial year to 30 September 2018,...
South Korea Could See Third Internet-Only Bank
The South Korean government said it could approve a third internet bank following the success of K Bank and Kakao Bank. It was not...
PHILIPPINES: China Bank Reports 6% Rise in Q1 Income
Strong growth in lending and core fee-based income supported China Banking Corporation’s (PSE:CHIB) income in the first three months of this year, the bank...
ADB Nominates Xiaohong Yang Pakistan Director
The Asian Development Bank (ADB) is now waiting for clearance from Pakistan's Foreign Office to finalize the appointment of China's Xiaohong Yang as the...
Metrobank Sets Up US$2bn Medium Term Note Program
Metropolitan Bank & Trust Company (PSE:MBT)’s Board of Directors approved the establishment of a Medium Term Note Programme in the aggregate amount of up...
Malaysia’s AmBank Eyes 15% SME Loan Growth
Malaysian financial services group AmBank is expecting a 15 percent growth from its small and medium-enterprise (SME) loan segment for financial year 2017.
Group CEO...
Malaysia’s RHB Bank Posts Drop in Q4 2016 Net Earnings
Malaysian lender RHB Bank saw its net earnings for the fourth quarter of 2016 falling 28.1 percent to MYR261.24 million (US$58.77 million) from the...
Metrobank Posts P18.1 Billion 2016 Profit
PHILIPPINES - Metropolitan Bank & Trust Company (Metrobank; PSE:MBT) reported a consolidated net income of P18.1 billion in 2016. Net income in the fourth...
Hang Seng Bank Posts Solid 2016 Results
Hang Seng Bank (HKG:0011), a Hong Kong-based banking and financial services firm, returned solid results for 2016 amidst a challenging operating conditions, the company...
RCBC Shares Up on Strong Net Income Report
Philippine bank Rizal Commercial Banking Corporation (RCBC; PSE:RCB) posted an unaudited consolidated net income of P3.86 billion (US$77 million) for the year ended 2016....
HSBC Not Shutting Down Malaysia Operations
HSBC is not closing its Malaysian operations, HSBC Bank Malaysia Bhd, a spokesperson said, denying rumors that it will close down like Lehman Brothers.
The...
Doha Bank To Present Business Opportunities to Korean Firms
Doha Bank, the third-largest lender in Qatar, will be presenting business opportunities created by the country's hosting of the 2022 FIFA World Cup to...
CIMB Group Gets 99-Year Banking License in Vietnam
Malaysia’s CIMB Group Holdings, the country’s second-largest lender, has received a banking license from Vietnamese regulators, allowing it to operate a 100-percent-owned banking business...
Westpac Denies BBSW Allegations
Westpac Banking Corporation has denied allegations in a US class action relating to trading in bank bill swap rates (BBSW), the bank said in...
Bank of East Asia Closes Securities Unit in HK
Bank of East Asia Ltd (BEA), Hong Kong’s largest listed family-run bank, is closing all branches of its securities unit as part of cost-cutting...
Korea’s Woori Bank Acquires Philippines’ Wealth Development Bank
South Korea's second-biggest bank by assets, Woori Bank, has announced receiving final approval to take over Philippine-based bank, Wealth Development Bank.
In a statement, the...
UnionBank Net Income Up 28%
Union Bank of the Philippines (PSE: UBP) reported that net income has increased by 28.1% to Php2.4 billion in the first four months of...
Pioneer Credit Inks Deal with Australia’s ‘Big Four’ Banks
Pioneer Credit (ASX: PNC) now has agreements in place with each of Australia’s “big four” banks, fulfilling a key objective of the Company’s long-term...
Singapore’s DBS Bank Launches Mobile-Only Bank in India
Singaporean multinational banking and financial services firm DBS Bank Ltd has announced the launching of its mobile-only bank in India, the country's first.
In a...
Security Bank Seals Partnership Deal with The Bank of Tokyo-Mitsubishi UFJ
Security Bank Corporation (PSE: SECB) and The Bank of Tokyo Mitsubishi UFJ, Ltd. (BTMU) have completed the strategic partnership deal signed last January 14,...
