News

Korea Exchange Bank union objects Hana's takeover

Korea Exchange Bank union objects Hana's takeover

4,000 employees are expected to join to protest Hana’s takeover as it conducted due diligence on KEB.

BEA China completes overseas RMB investment settlement

The move enables Xinjiang companies to use renminbi to engage in business abroad, while allowing foreign companies make renminbi investment into Xinjiang companies.

NAB shareholders target $442mln in US subprime suit

Shareholders sued the bank for failing to report exposure and risk of losses from subprime mortgage exposure.

ICBC targets South Korean’s Kwangju Bank takeover

The Chinese lender will become the first Chinese company to bid for a South Korean financial firm if it joins the race.

Moody's affirms Woori Bank after re-evaluation

Prompted by a sharp spike in Woori Bank's problem assets during the third quarter 2010, its asset quality and capital were re-evaluated prior to Moody's affirmation.

CIMB Bank in Cambodia officially launched

CIMB Bank has received its license to fully operate a 100 per cent owned subsidiary in Cambodia.

State Bank of India sees launch of $4.4bln rights issue soon

Government needs to subscribe big to maintain its stakeholding at the existing level.

NAB mobile banking transactions up 200%

Australian banks’ move to enable consumers to download their apps for free to check bank or savings account balances spurred mobile transaction growth.

Union Bank of India mulls issuing Swiss franc bond

The move has not been seen from any Indian lender since 1987.

ANZ continues Asia expansion even if Hana's KEB bid prevails

The Australian bank to go after Woori should the KEB-Hana deal materialises.

Bank Negara approves joint takaful licence for Public Bank and ING

The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing in ING and the PBB.

Bank of Baroda to open 8-9 overseas branches

Crisis provided opportunity for the lender to step up its international business operations.

DBS Bank in Taiwan needs capital injection

DBS is the only bank that has yet to meet the $6.6mln capital requirement for foreign lenders.

State Bank of India to sell $681mln Euro bonds

The bank will meet investors in 9 European cities from Nov. 17 to sell five year debt.

Lone Star to sell KEB to Hana Bank

Deal frustrated ANZ’s intent to purchase Lone Star's 51% stake, which would have boosted its efforts to expand in East Asia.

Bank Rakyat issues 7,000 microcredit loans to SMEs

Entrepreneurs who cannot fulfill the lending requirements can avail loans of up to $15,960.

Metrobank nine month profit up 44% to $137.15mln

Higher trading and foreign exchange gains, bank fees and commissions and strong contribution from key subsidiaries boosted growth.