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.
Net interest income, the difference between interest earned on loans and interest paid to depositors, rose 12.4 per cent
HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.
Axis Bank, the third largest private sector bank after HDFC Bank and ICICI Bank, posted 18 per cent rise in net profit in the quarter ended September 30 helped by demand from retail borrowers.
The projection is in view of the positive numbers recorded so far this year, which are poised to continue into the fourth quarter, should there be no “major surprises”.
Europe has generated more profit for Hong Kong-based Hutchison Whampoa, a subsidiary of Cheung Kong Holdings, during the first half of this year than the profit earned by both China and Hong Kong
ASX chairman Rick Holliday-Smith has used his annual general meeting to celebrate what he called the company's "record revenues and earnings", and to urge shareholders to vote in favour of chief executive Elmer Funke Kupper's remunerat