Managers of Wealth Asia Pacific

UPDATE 2-Australia’s Westpac reports small fall in stressed assets, raising $590 mln in capital

Bank reports slight fall in stressed assets

China CITIC Bank's Preliminary 2017 Net Profit Rises 2.3%

Operating income was 156.72 billion yuan, a year-on-year rise of 1.9%, while assets totaled 5.68 trillion yuan, an on-year drop of 4.3%.

HSBC launches $400m global media review

HSBC is to review its estimated $400m (£286m) global media planning and buying account.

Malaysian Building Society finalises Asian Finance Bank merger with shareholder approval

The two bank have already started their integration process, which is expected to complete in March 2018.

CBA to pay $1.9 million in advice compensation

CBA confirmed it had reviewed the advice provided by five advisers, and this had led to compensation being offered.

Indonesia's largest bank posts 10.7-pct profit growth in 2017

Most of the loans were channeled to micro financing, followed by consumer loans, retail and corporate loans, he said.

Siam Commercial to shut 750 branches by 2020 but no layoffs

Lender to halve banking staff as it goes digital and focuses on consumer loans

CBA shareholders face another tough year, says Citi

The Citi analysts predicted investors would cut their valuation on CBA shares, as it set about changing the business in response to these challenges, which they said would detract profits.

BSP Sets Footprints In South East Asia

Bank South Pacific Has Finally Renamed Its Cambodia Expansion To BSP Finance Yesterday In Phnom Penh.

Overseas Filipino Bank launched

The OFB shall serve as a “policy bank dedicated to provide financial products and services tailored to the requirements of overseas Filipino,” the OFBank said in a statement.

Thai Siam Commercial Bank profit misses expectations

Higher provisions were set to align existing expected loss principles to those required under new accounting standards effective in 2019, SCB said in a statement.

NBP, Bank of China sign MoU to enhance banking services

Li expressed his pleasure to be a part of this memorable event and said Bank of China had a long standing working relationship with the NBP .

ANZ Walks From Chinese Deal

HNA Group which owns 10 percent of Deutsche Bank has recently come under intense scrutiny from foreign regulators due to its extreme levels of debt and a blurred ownership structure.

Bank Indonesia to open Beijing office to boost links with China

Indonesia's central bank is opening a representative office in Beijing in a sign of increasing links between China and Southeast Asia's biggest economy

India's IndusInd Bank Q3 net profit jumps 25 pct

Gross bad loans as a percentage of total loans stood at 1.16 percent at end-December, compared with 1.08 percent in the previous quarter and 0.94 percent a year ago.

Mobile banking boosts local economies across China

Things have changed since Ningde Rural Commercial Bank introduced the mobile banking service to local fishermen.

ANZ Completes Shanghai Bank Sale

The bank will return the money from the Shanghai sale to shareholders, and buy back ANZ stock on-market, Chief Financial Officer Michelle Jablko said in a press release.

Vietnam makes slow progress in listing its banks

HD Bank will list its shares on the Ho Chi Minh bourse early next year

Bank of Baroda to shut Hong Kong branch, Thailand office

Hit by resource crunch, especially capital, many public sector banks are reviewing their international operations

ASB named New Zealand Bank of the Year

ASB Chief Executive Barbara Chapman says ASB is proud to be named New Zealand Bank of the Year for the fifth year in a row, especially as the market continues to go through rapid technological change.

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