Banking and insurance highlights to 09:15 GMT

Banking and insurance highlights to 09:15 GMT

	Published : Thu, 22 Feb 2007 10:32 By : Agencies Print this Story

2007-02-22 09:12:41

EU's Almunia wants debate on risks from hedge funds

LONDON (AFX) - EU economic and monetary affairs commissioner Joaquim Almunia

said he wants debate on the risks posed by hedge funds.

2007-02-22 08:51:47

Mitsubishi UFJ Financial targets net profit of 1.1 trln yen three years from now

TOKYO (XFN-ASIA) - Mitsubishi UFJ Financial Group Inc aims to boost its net

profit to 1.1 trln yen in the fiscal year ending March 2010 from the 870 bln yen

it expects to make in this fiscal year by enhancing its retail business, the

company said.

2007-02-22 07:52:21

Allianz Q4 beats forecasts: co hikes div, sees opg growth of 10 pct/year

MUNICH (AFX) - Allianz SE posted fourth quarter results ahead of

expectations after a 'particularly favourable' returns from its natural

catastrophe insurance operations and as retail banking unit Dresdner Bank unit

saw a strong rise in operating profit.

2007-02-22 07:48:51

Old Mutual's Nedbank says FY profit up 40 pct, sees slower lending growth

LONDON (AFX) - Nedbank, the South African banking subsidiary of Anglo-South

African insurer Old Mutual PLC, reported a 40 pct increase in full-year profit,

but warned that recent interest rate increases could trim lending growth this

year.

2007-02-22 07:39:52

BAWAG needs to hike net to 400 mln eur by 2011 to prepare for IPO - CEO

VIENNA (AFX) - BAWAG's net profit has to rise to at least 400 mln eur by

2011 if the Austrian bank is to enjoy a successful IPO, Austrian business daily

Wirtschaftsblatt quoted CEO Ewald Nowotny as saying.

2007-02-22 07:09:38

Axa FY earnings up 20 pct; Winterthur synergies target raised 25 pct

PARIS (AFX) - Axa reported a 20 pct rise in full-year underlying earnings to

4.0 bln eur, at the top end of analysts' forecasts and above its own long-term

target, and said its focus this year will be integrating Winterthur, for which

Axa raised its medium-term synergies target by 25 pct to 350 mln eur.