News

Maybank sees Kim Eng acquisition boost regional growth

Maybank sees Kim Eng acquisition boost regional growth

OSK Research has maintained buy call on Maybank as it is 'neutral to slightly positive' on the Maybank-Kim Eng deal.

Hana Bank to pare down bad-loan ratio

The lender targets 20% profit rise as it expects economy to be stable this year.

Kelly remains Westpac CEO—spokesperson

Contrary to reports the bank’s chairman endorses Kelly as she provided strong leadership to the bank.

KB Financial to divest 11.2% stake by September

3 to 4 per cent stake to be sold to foreign investors through a block sale and the remaining shares to three to four foreign institutional investors.

China Merchants Bank plans raising $4.5bn

The lender may seek help from its parent company to raise capital in complying with its higher capital adequacy requirements.

Global spending on retail banking to increase 24% in 2015

An increase in spending on technology is expected over the next five years to hit US$132 billion, according to Ovum.

KDB keen on buying a Southeast Asian bank

KDB pulled out stake sale in Siam City citing regulatory uncertainties in the global banking industry.

China probes CBA’s Chinese partner on fraud involvement

Qilu Bank has been alleged to have received $227mln worth of forged commercial bank bills.

KEB labor union files Hana takeover injunction

Union claims KEB board directors' collaboration with Hana was illegal.

ANZ issues $3bln debt in 3-part sale

The bank issued $1bln three-year notes, $1bln 10-year bonds and $1bln three-year floating rate notes.

Bank Negara Indonesia launches micro loans for migrant workers

The lender had already released US$222,000 to migrant workers from the East Java town of Kediri.