retail bank

Retail Asia19/02/2018

Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands. According to Nguyễn Đức Vinh, general director of VP Bank, after years of investing in the financial company FE Credit, his bank was expecting to receive a large profit from the company in 2018. FE Credit started to gain profits from […]

Retail Asia28/09/2016

Standard Chartered acknowledged on Tuesday (Sep 27) it was being investigated by the US Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts. The London-based, Asia-focused bank said in a statement that it had referred the matter to the “appropriate authorities” and launched its own review. The Wall Street […]

Retail Asia30/08/2016

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Bank Indonesia said many banks mainly branches of foreign banks have not complied with the call for setting aside at least 10 percent of their credits for micro, small and medium enterprises (SMEs) . Head of Bank Indonesias division for development of SMEs Yunita Resmi Sari in Jakarta said despite facility such linkage branches of […]

Tag: retail bank

Fees, retail services to be banks’ main income

Standard Chartered probed by US over Indonesia ‘bribes’

Many foreign banks have not complied with SMEs credit policy