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  1. Income target on course, says StanChart

    Posted Nov 03rd 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Standard Chartered, Britain's second-largest lender by market value, said it would stick to targeted double-digit income growth for the full year, after ... recent movements in the foreign exchange markets did present some challenges, as Asian currencies weakened against the US dollar. If the trends persist, it could pinch fourth-quarter income ...

  2. BOCHK sees surge in interest, fee income

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... Maria Chan BOC Hong Kong (Holdings), a subsidiary of Bank of China, posted increased operating profit for the first nine months but withheld net income figures for the period. Fuelled by growth in net interest as well as fee incomes, the bank's operating profit before provisions rose 20.8 per cent to HK$13.25 billion for the first nine months, data provided to the Hong Kong ...

  3. Higher fee income boosts Agricultural Bank profits

    Posted Feb 01st 2007, 12:00am by Nevin Nie

    ... year on higher fee and commission income. Fees from its bank card business jumped 40 per cent to 7.8 billion yuan, which the lender said was 'keeping with its leading place among financial ... retail banks such as China Merchants Bank, where fee income only accounts for 10 per cent of total income,' UOB Kay Hian analyst Joe Wong said. 'For most banks, the driver is still ...

  4. Interest income drives ICBC (Asia) earnings

    Posted Aug 10th 2006, 12:00am by Staff Reporter

    ... Maria Chan ICBC (Asia), the Hong Kong unit of the mainland's largest bank, posted an 18 per cent growth in profit for the first half, driven by higher interest income more than offsetting the decline of other operating income. Net profit rose to HK$559.9 million in the first six months of the year from HK$475.5 million a year earlier. Basic earnings per share were 50 HK ...

  5. Central banker urges end to mandatory bond guarantees

    Posted Jan 17th 2005, 12:00am by Staff Reporter

    ... Bei Hu A senior mainland central banker has called for the scrapping of the requirement that all corporate bond issues be guaranteed. The rule would concentrate too much risk on the already weak banking sector as the country moved to expand its corporate ...

  6. Minibonds probe must not become witch-hunt

    Posted Nov 13th 2008, 12:00am by Staff Reporter

    ... The Legislative Council's investigation into the Lehman Brothers minibonds affair will be welcomed by small investors, if not by officials and the banks. In setting up a committee with power to summon witnesses and documents, lawmakers should be mind ...

  7. StanChart sees profit growth dipping below 10pc

    Posted Jun 28th 2012, 12:00am

    ... the US dollar and key economies slow down. 'Local currency weakness is expected to drag group income by over 2 per cent, with the Indian rupee being a major contributor,' the bank said in a statement filed with the Hong Kong exchange yesterday. Most of its income comes from Asia, the Middle East and Africa. Standard Chartered said in March that it was aiming for 'double-digit ...

  8. Slower growth to hit banks

    Posted May 31st 2012, 12:00am

    ... Mainland banks needed to change their business philosophies in order to maintain vitality, Pogson said, adding that part of the shift would involve becoming less reliant on interest income. The banks have enjoyed fat profits in past years, partly because of a steady income spread between what they pay for deposits and what they earn from lending. The 17 banks made 886.7 billion yuan ...

  9. StanChart hit by poor sentiment for bank sector

    Posted Aug 01st 2011, 12:00am

    ... In a pre-close trading statement on June 28, group chief executive Peter Sands flagged what he called 'another strong first half' with cost growth 'broadly in line' with income growth for the first six months of 2011. But analysts believe the results could show that the lender's 'cost income jaws'- the gap between the growth in revenue and growth in costs could ...

  10. Business - Banking & Finance - BANKING

    Bank of China posts sharply lower profit growth

    Posted Aug 24th 2012, 12:00am by Lulu Chen

    ... If this effect was excluded, the bank's net profit in the first half would been up 12.22 per cent instead of 7.6 per cent. The bank's net interest margin, the spread between lending income ... because of a weaker overall economy, regulatory bans on certain fee income and policy changes to push forward interest rate liberalisation. Smaller banks will probably post higher rises in bad ...




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