Diversified financial services player JM Financial announced an 83 per cent jump in its consolidated net income today, at Rs 92.2 crore boosted by all-round business growth, which pushed up its fee income.
The world's second-largest listed stock market operator reiterated that while it had completed preparations, the scheme, seen as a milestone in the opening up of China's capital markets, had not received regulatory approval.
The bank also posted a higher-than-expected net profit, which was up 12% to $7.56bn. The final dividend rose 2c to 92c a share, fully-franked.
Revenue, which refers to operating income before loan impairment charges, rose to USD15.78 billion from USD15.08 billion, while loan impairment charges and other credit risk provisions, fell to USD760 million from USD1.59 billion.
DBS Group Holdings, Southeast Asia's biggest lender, posted a 17 percent rise in quarterly profit, helped by its highest net interest margin in nine quarters though loan growth slowed to its weakest pace since late 2012. The slowdown in lending grow
Exiting the United Kingdon is an "absolute priority" for National Australia Bank (NAB.AX), Chief Executive Officer Andrew Thorburn said after the bank posted a fall in annual cash profit, hit by writedowns for its troubled British business.
The S$1.23 billion net profit includes a fair value gain of S$391 million ($306.2 million) due to its increased stake in Chinese lender Bank of Ningbo, which became a 20 percent-owned subsidiary during the last quarter.
Nomura Holdings, Inc. today announced its consolidated financial results for the second quarter and first half of the fiscal year ending March 31, 2015.
BDO Unibank Inc. on Monday said it is on track to meet its full-year target after booking P5.7 billion in net income in the third quarter, propelled mainly by the business generated by commercial banking operations.
Australia & New Zealand Banking Group Ltd. (ANZ) posted a 3 percent gain in unaudited second-half earnings, bolstered by its local business unit, according to data inadvertently released by the lender.