04/21/2016
Public Bank’s 1Q net profit rises to RM1.23b
The growth in the group’s profit was driven by continued healthy loans and customer deposit growth
Retail Banking
04/19/2016
Asia and Europe lead fintech investment growth
These are among the findings of a new report by Accenture which analyses global fintech trends.
04/17/2016
Infosys Announces Results for the Quarter and Year Ended March 31, 2016
Q4 Revenue Growth at 1.6% qoq in USD Terms; 1.9% in Constant Currency Terms
04/07/2016
NZ Post to sell 45 per cent of Kiwibank for $495m cash injection
The deal values Kiwibank at $1.1 billion, NZ Post chairman Sir Michael Cullen said.
04/07/2016
Former Standard Chartered Asia chief Jaspal Bindra to pick up stake in Centrum Group
The development again underscores a growing trend of high-profile Indian-origin global bankers returning to their roots after long overseas stints to back homegrown financial service companies as investors or to pursue entrepreneurial opportunities.
04/05/2016
Family offices step up investments in second half of 2015-16: Report
Family offices increase investments by 38%, led by Ratan Tata and Ronnie Screwvala, among others
03/31/2016
Development Bank cuts Asia's growth forecast to 5.7% for 2016
Pegs growth in India to fall to 7.4% from 7.6% in 2015, but sees a recovery to 7.8% in 2017
03/31/2016
MBSB to transform into Islamic after failed mergers
Around 85% of MBSB’s outstanding loans were already syariah-compliant and credit growth this year should be 6% to 8%
03/31/2016
ICBC earnings rise by 0.5pc to 277b yuan, corporate bad loans climb to 135b yuan
Net fee and commission income from personal wealth management and private banking amounted to 35.9 billion yuan, up by 73.7 percent, or 15.2 billion yuan, over the year before.
03/31/2016
Earnings of China’s investment banking major CICC up 75pc
CICC last year ranked first in merger and acquisition business of mainland-China-based enterprises
03/31/2016
Goldman profits up despite woes
The reporting entity’s results, which include investment banking and securities, were however propped up by “other income”, notably a 45 per cent lift in interest income from short-term deposits
03/29/2016
They make big push to nurture segment amid business headwinds and slower growth
SMEs are vital to the local economy so any slowdown amid prevailing business headwinds will be only temporary.
03/29/2016
The commodities slump won't undermine Australia's banks
Sadly for the dwindling band still shorting the country's big four banks, there's little evidence such problems will pose more than a temporary speed-bump to their earnings.
03/29/2016
China bank profits flat-line as bad debts continue to soar
Profit growth has slowed in recent years while the sector tackles its greatest challenge since the global financial crisis, with bad loans at a 10 year high while funds set aside to cover the losses fall close to regulatory limits.
03/29/2016
Bank Alfalah Earns Profit Before Tax Of RS 12.6 BLN
An announcement here on Monday said that earnings per share increased by 16 percent and were reported at Rs 4.73 as against Rs 4.09 in 2014.
03/24/2016
Citic Profit Misses Estimates Amid Losses From Resources Unit
Citic Ltd. sprang from Citic Group, China’s first state-owned investment corporation, which was set up in 1979.
03/23/2016
Hong Kong insurance premiums rise in 2015
The Office of the Commissioner of Insurance in Hong Kong released provisional statistics of the local insurance industry for 2015, showing an increase in premiums for the year.
03/23/2016
IDBI Bank gets board nod to raise up to ₹20,000 cr in FY17
On February 23, the public sector bank said that the market regulator had acceded to its request to raise capital by issue of equity shares aggregating to ₹3,771 crore by way of a qualified institutional placement.
03/21/2016
India-Born Hinduja Brothers Top Britain's 'Asian Rich List'
The 'Asian Rich List' assesses the total wealth of Britain's top 101 richest Asians and is compiled by UK-based publishing house Asian Media and Market.
03/21/2016
India Inc sees private equity-deals worth $1.19 billion in February: Grant Thornton
The total PE-investments in the first two months of this year amounted to USD 2.31 billion through 191 deals, a jump of 23 per cent in value terms over the same period last year.