News

The lender seeks to get funds from Reg S bond, allowing it to be offered to overseas investors.

South Korea's Financial Supervisory Service ordered SC First Bank Monday to ramp up its liquidity management to minimize the impact of a bank run sparked by a prolonged strike.

The lender seen to use its affiliate Hau Nan Bank to form a leasing firm to immediately engage in CNY-based businesses in the Mainland.

Infinia aimed to be issued to the by-invitation only to 5000 individuals that comes without spending limits.

Dong A Bank posted a pretax profit of VND676 billion in the first six months, covering 52% of their annual target.

The card’s debit purchase volume in the Philippines up 47% as it posed a 46% rise in e-commerce transactions in the Southeast and South Asia markets.

Despite its lock-up period will begin expiring in July, none of the bank's key investors in its Hong Kong shares have hinted of selling their stake,

Yet mergers of key players might be postponed due to the coming presidential elections.

More than 80% of the 150 major banks and corporate companies are studying how to harness m-payments.

BNP Paribas inked an agreement to raise its stake in Orient Commercial Bank from 15% to 20% after obtaining approval from the central bank. The French bank will acquire 27 million shares issued by OCB to increase its chartered capital from VND2.73 trillion to VND3 trillion. BNP Paribas has been the strategic foreign investor of OCB since 2007. The two banks now have strengthened cooperation in the area of trade finance, helping OCB to link with trade centers of BNP Paribas in 80 countries worldwide.

GFG Group enables the lender to harness China UnionPay transactions using its Cadencie platform.

The bank’s branch expansion plan will focus on 4 East African countries.

Indonesian central bank will cut ownership of individual investors on commercial banks so as to make banking sector more financially prudent.

ABBank posted a pretax profit of VND 307.6 billion in the first six months, meeting 46.3% of the year target.

The Export-Import Bank of Korea signed an MOU with the Asian Development Bank on financing the Asian region's infrastructure development projects that are to be undertaken by South Korean firms.

 Bank Muamalat Malaysia Bhd has allocated about RM56 million to renovate or relocate its 56 branches.