05/05/2016
The bank is well on its way to achieve its 1200 branch network by March 2017 as it has already got an active network of 1000 branches as of March 2016. But Sobti said despite digitisation, the bank will continue to add branches.
05/05/2016
NAB's Wealth division did particularly well in the half-year
05/04/2016
Real estate management fees grew 19% YoY to $5.8m in Q1, thanks mainly to higher property management fees received.
05/03/2016
Chief Executive Officer Sergio Ermotti, 55, who has shifted the bank’s focus away from investment banking in favor of wealth management, is struggling with market volatility that led to a slump in trading across the firm.
05/03/2016
HSBC has posted a sharp drop in profits for the first three months of the year after it was hit by "extreme levels of volatility" in financial markets in January and February.
05/03/2016
DBS’ wealth management division has posted a substantial 47% quarter-on-quarter increase in net fees and commission income for the arst quarter of 2016
05/03/2016
The big earnings drop at ANZ, the only major Australian bank with a large presence in Asia, also comes in an election year when banking sector misconduct is a hot issue following a series of scandals including insurance fraud and rate rigging.
05/02/2016
Central banks from Southeast Asia to China have delivered various fiscal and monetary measures to boost growth amid mounting troubled loans at lenders.
05/02/2016
The bank cited robust retail banking services and the expansion in wealth management and insurance businesses as factors underpinning the profit growth.
05/02/2016
ICICI Bank, India’s second-largest lender by assets, reported the biggest drop in quarterly profit in at least 15 years after setting aside reserves on top of provisions to cushion future defaults.
05/02/2016
Income from BT Financial Group reduced by 2% from the previous six months, which Westpac said was due to lower markets and the partial sale of BT Investment Management.
05/02/2016
The bank also set aside a minimum capital requirement of 28.86 percent as of March, the company said in a statement.
05/02/2016
Security Bank Corp. posted a P3-billion net income in the first quarter of the year, down 12 percent from P3.36 billion a year earlier due to lower extraordinary trading gains.
04/29/2016
E. Sun’s biggest shareholder at 4.7 per cent is CBA’s First State Investments, the global offshore arm of Colonial First State Global Asset Management
04/29/2016
Pre tax and after tax return on equity stand at 22.6 percent and 14.8 percent respectively; whereas pre tax and after tax return on assets are at 1.5 percent and one percent respectively.
04/29/2016
Its net interest income grew 5 per cent to S$1.31 billion from S$1.25 billion a year ago.
04/29/2016
Our Digital and Cloud offerings grew 28% in the first quarter.
04/28/2016
The bank's net profit came in at S$766 million in the three months ended March, versus S$801 million a year earlier.
04/28/2016
Downturn blamed on falling interest margins and competitive lending market.
04/27/2016
Loans and deposit have both been growing at more than 20 percent, with the retail segment growing at a much faster pace, Salcedo said.