Managers of Wealth Asia Pacific

Alliance Bank posts highest quarterly net profit in three years

Return on equity improved to 10.2%, a ratio in line with guidance," said its group chief executive officer Joel Kornreich in a statement today.

Hong Leong Financial's quarterly net profit jumps 75.5%

Higher non-interest income, lower tax, commercial banking drive earnings growth

Bank of China posts 5 per cent rise in first-half profit

The improved interest margin was partially a result of three rounds of reserve requirement ratio (RRR) cuts by the central bank between January and June, which reduced the amount of cash banks are required to hold as reserves.

Japan's regional banks struggling to survive, some eyeing realignment

Special demand generated by the reconstruction of disaster-hit areas has shrunk, causing the local economy to slump.

CBA charged more dead customers fees

Avanteos discovered in 2015 it had continued to charge adviser service fees on accounts after being told the customer had died.

Financial firms rush to Southeast Asia

They say they will slowly but steadily continue their expansion by entering one country at a time.

Vanguard products launch in the Philippines

The new funds follow the bank’s launch of its first feeder fund in January

Bendigo and Adelaide Bank lifts FY cash profit 6.4%

The rural and regional bank declared a fully franked final dividend of 35 cents a share, up 1 cent on the same half in the prior year.

Citi Indonesia Awarded Digital Banking Initiative of the Year-Indonesia

All of these were awarded to Citi for its hard work in developing and optimizing digitization to customers.

ICICI bank to disburse Rs 10,000 crore retail loan in Punjab, Haryana

In FY'18, retail consumer loans grew faster in the states in comparison to the bank's overall retail loan growth in the country of over 20 percent.

India’s Axis Bank plans to open up to 400 new branch offices

Axis Bank’s branch network spans across 2,211 cities and towns in India.

CBA readies wealth demerger, records $9.2bn cash profit

Investors looking to buy Commonwealth Bank's demerged wealth management arm now have a clearer picture about what it looks like - a business which has generated after-tax profit of more than $500 million for the past two years.

Hand banking power to customers: report

The report found the Australian banking sector is dominated by a handful of players.

Morocco’s BMCE Bank of Africa plans to have presence in Shanghai

He added that BMCE wanted to deepen its presence in East African countries to become a bigger player, before expanding into new countries on the continent.

KB Kookmin re-enters Indonesian market

It marks the bank's re-entrance into Indonesia 10 years since it exited from the Southeast Asian country by selling off its stake in BII Bank to Malaysia's Maybank in 2008.

India's Axis Bank Q1 profit falls 46 percent

Gross non-performing loans as a percentage of total loans fell to 6.52 percent

Barclays looking to rebuild retail banking operations in India

Barclays is reentering some businesses and markets in the Asia-Pacific region as CEO Jes Staley puts an era of restructuring behind him.

Philippines banks, Bank of China partner for peso-renminbi spot market

Deng Jun, Philippine country head of Bank of China said the RMB community is an opportunity to deepen trade and investment between the two countries.

ANZ, NAB deny misconduct in agribusiness cases

The big four bank conceded that its actions fell below community standards and expectations on several instances, but argued that they do not amount to misconduct.

Arab Bank attains licence to operate in China

Arab Bank did not reveal when it expects to open doors for business in Shanghai.

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