lender

Retail Asia22/11/2021

Profitability in the first ten months of 2021 at Julius Baer «rose significantly», according to the Swiss bank, on the back of client asset growth and improved cost efficiency. Julius Baer’s profitability rose significantly in the first ten months of 2021 on the back of strong growth in client assets and substantial improvements in cost […]

Retail Asia02/07/2021

State-owned lender VietinBank has recorded pre-tax profits of VND13 trillion ($565.2 million) in the first six months of 2021, a year-on-year increase of 75 percent. Its ratio of non-performing loans at the end of Q2 was 1.38 percent, chairman Le Duc Tho said, adding that the targeted non-performing loans ratio for this year was 1-1.2 […]

Retail Asia11/02/2021

This expansion to the startup’s fourth market comes after more than a year of working with Thai regulators and planning for market entry. Singapore-based Funding Societies, Southeast Asia’s largest SME digital financing platform, has rolled out its platform in Thailand, the company announced in a statement on Tuesday. The P2P lender noted Thailand’s large and SME-driven […]

Retail Asia18/12/2020

Vietnam Maritime Commercial Joint Stock Bank is set to sign an exclusive bancassurance deal with a leading but unidentified insurer worth hundreds of millions of dollars to it. It will be signed next year for 15 years with one of the three biggest insurers in terms of market share in Vietnam, Nguyen Hoang Linh, CEO […]

Retail Asia27/12/2019

United Overseas Bank is buying more shares in troubled Chinese mid-sized lender Hengfeng Bank with a subscription of 1.86 billion shares for a sum of 1.86 billion yuan (S$360.4 million). The purchase comes as part of a capital-increase exercise undertaken by Shandong-based Hengfeng Bank through private placement to raise 100 billion yuan. The move reverses a […]

Retail Asia20/12/2019

Indonesia, forecast to grow at 5 percent in 2020, offers growth potential for Bangkok Bank, which is looking for a new market in the region. Bangkok Bank is said to have emerged as the frontrunner for Bank Permata, Standard Chartered’s Indonesia bank, citing people familiar with the matter. The bank is said to be competing […]

Retail Asia08/12/2016

Lender Citibank Indonesia expects to book single-digit loan growth next year although it believes lending will pick up speed in the second half of 2017, the company’s top management said on Wednesday. “For Citibank, we expect single-digit [lending growth]. It is better to be a bit conservative because we expect that lending will start to […]

Tag: lender

Julius Baer Profits Rise on Asset Growth and Improved Costs

VietinBank pre-tax H1 profits up 75 pct

P2P Lender Funding Societies Launches in Thailand

Lender MSB expects to earn hundreds of millions from insurance deal

UOB Ups Stake in Troubled Chinese Lender

Thai Lender Emerges as Contender for Bank Permata

Citibank sets conservative loan growth target