News

The proceeds of notes having 10 years and 3 months maturity will be used for lender’s expansion.

Thed suspension of ailing savings banks stirred investors to seek safer financial institutions inn Korea resulting to an increase in news deposits reports Yonhap News.

The lender and its local rivals are currently searching for good SMEs with export potentials.

Its new platform targets high net worth individuals with investible assets of S$1.5m and up.

The MOU to boost German lender’s presence in Asia, particularly in China.

Despite series of diminished profit in the previous quarters, the lender hopes to get $519.92mn second quarter profit.

The lender’s Xiamen branch is the second in West Coast Economic Zone after one in Fuzhou.

Bank of China has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe.

UBS Chief Executive Oswald Gruebel will pursue an overhaul of investment banking at a meeting with the board in Singapore, after unauthorized trading caused a $2.3 billion loss.

FY12 loan growth is forecast to be between 8% and 8.5% which is sharply lower than FY11’s forecast of between 16% & 20%, but it doesn’t stop there.

The creation of Woori Card follows similar moves by the lender’s rivals.

Robust operating income and disciplined expenses fuelled growth.

The booming bilateral trade between India and Australia opens door to the lender’s entry in Sydney.

Indian government seen to allow foreign insurers to raise their stakes.

As the savings bank sector accounts for roughly 5% of the national banking system, which is relatively too small for it to make a big enough impact.

Profits of city commercial banks and joint stock banks surged 55.05% and 46.81% respectively.