Foreign Regional Banks
(HDB) HDFC Bank’s Profit Increases
HDFC Bank’s (HDB) 2010 fiscal third quarter (ended Dec. 31, 2009) net earnings of INR8,185 million (US$175 million) were up 31.6% from the prior-year quarter, due primarily to a strong growth in net revenues, almost stable operating expenses and a decrease in provisions and...
18Jan2010 | vitalstocks | 0 comments | Continued(BBV) Moody’s Reaffirms BBVA Compass Bank Ratings
Following the announcement of the acquisition of the failed Guaranty Bank by BBVA Compass, Moody’s has affirmed its current downgraded ratings on the company. BBVA Compass is a wholly-owned subsidiary of Banco Bilbao Vizcaya Argentaria (BBV). Though the rating agency reaffirmed...
27Aug2009 | vitalstocks | 0 comments | Continued(BBV) Hot New Spanish Model for Banking
Tony Daltorio, The Investment U Research Team There’s a hot new Spanish model that has everyone in Europe going ga-ga. No, it’s not a runway or swimsuit model. It’s Spain’s banking model. The Bank of Spain forced Spanish banks to follow a very conservative banking model...
4Aug2009 | InvestmentU | 0 comments | Continued