The banking industry in the Philippines remains optimistic on the country’s economic prospect amid global uncertainties and market volatility, the latest Banking Sector Outlook Survey for the first semester of…
– DBS Bank, leading financial services group in Asia, joins LiquidX network – DBS / LiquidX partnership to focus on the use of digital ecosystems – LiquidX rapidly expanding presence…
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, up 12 per cent on the…
The South Korean government said it could approve a third internet bank following the success of K Bank and Kakao Bank. It was not officially announced what the third internet-only…
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 said in a disclosure to the…
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 new country director for Pakistan. Yang…
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 to US$2 billion or its equivalent…
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 Datuk Sulaiman Moh Tahir said…
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 previous quarter’s MYR363.37 million. The bank’s…
PHILIPPINES – Metropolitan Bank & Trust Company (Metrobank; PSE:MBT) reported a consolidated net income of P18.1 billion in 2016. Net income in the fourth quarter alone was at P5.5 billion,…
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 said in a disclosure to the…
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. The report sent RCBC’s stock up…
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 spokesperson said there is not…
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 South Korean financial firms and builders.…
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 for 99 years. In a disclosure…
Westpac Banking Corporation has denied allegations in a US class action relating to trading in bank bill swap rates (BBSW), the bank said in a disclosure. “Westpac denies the allegation…
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 effort. In a statement, BEA said…
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 South Korean lender said it…
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 2016 as against the Php1.9 billion…
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 strategy to broaden its base of…
