08/16/2018
Financial firms rush to Southeast Asia
They say they will slowly but steadily continue their expansion by entering one country at a time.
Retail Banking
08/15/2018
Vanguard products launch in the Philippines
The new funds follow the bank’s launch of its first feeder fund in January
08/14/2018
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.
08/10/2018
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.
08/10/2018
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.
08/10/2018
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.
08/08/2018
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.
08/03/2018
Hand banking power to customers: report
The report found the Australian banking sector is dominated by a handful of players.
08/03/2018
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.
07/31/2018
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.
07/31/2018
India's Axis Bank Q1 profit falls 46 percent
Gross non-performing loans as a percentage of total loans fell to 6.52 percent
07/24/2018
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.
07/24/2018
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.
07/19/2018
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.
07/19/2018
Arab Bank attains licence to operate in China
Arab Bank did not reveal when it expects to open doors for business in Shanghai.
07/17/2018
ANZ backs moratorium on drought-stricken farmers, admits to misconduct
The banks were responding to criticism this month by the banking royal commission's top lawyer over their overly tough treatment of farmers.
07/13/2018
BDO retains Best Bank standing
“The competition was extremely tight this year, with numerous financial institutions proving their resilience in a difficult regulatory and banking environment,” Finance Asia said in the announcement of winners.
07/02/2018
DOF eyes privatizing Overseas Filipino Bank
The Bank is also going to discuss with the Insurance Commission the possibility of offering insurance products online through the OFB, as well.
06/29/2018
CBA puts South African business under review: sources
It is believed the bank is in early stage talks to sell the business to minority shareholder African Rainbow Capital.
06/27/2018
Billionaire Bangkok Bank boss leaves solid legacy
Chatri Sophonpanich inherited an empire and broadened its scope