Overall, our wealth management activities produced an improved performance and generated a good return on regulatory capital as a few initiatives are bearing fruit, particularly in Asia Pacific and in Switzerland.
Effective April 1, ING Vysya Bank has merged with Kotak Mahindra Bank creating a Rs 2,00,000 crore institution. The merged entity had a national footprint of 1,200 branches and over 1,900 ATMs.
Sacombank, one of Vietnam's largest partly private lenders, will see an increase of 68.4 percent in its assets after a merger with Phuong Nam Bank
SBS Group has reported a record operating surplus of $26.1 million for the financial year to 31 March 2015, an increase of 18.3% on FY14, and a record net surplus of $19.4 million, an increase of 24.3% on FY14.
Royal Bank of Canada today reported record net income of $2,502 million for the second quarter ended April 30, 2015, up $301 million or 14% from the prior year.