News

The bank’s profit short of $83.3mln as provisions for bad loans surged and staff costs climbed.

Malaysia opens its doors to international banking as it implements liberalisation measures over the period 2009 to 2012.

The lender is choosing among three banks after it had bought one Indonesian bank in 2006.

Lenders open savings account program for students to boost Indonesia’s saving ratio, the lowest among ASEAN countries.

The lender to focus first on organic growth by being a competitive local and diversified financial services group.

The lender also raised $3.75 billion from a September convertible bond sale to boost capital.

The fund dismissed reports that the $4bln stake sale has hit a snag behind price gaps.

Yes Bank was assigned a bank financial strength rating of D+ as well as a Baa3 long-term and Prime-3 short-term global local-currency deposit ratings and Ba1 long-term and Not Prime short-term foreign-currency deposit ratings, which are constrained by the corresponding sovereign ceiling.

Moody's Investors Service has assigned ratings to Kyongnam Bank for the first time.

The lender seen to follow its rivals’ move to raise more funds.

A sharp decrease in impairment or bad loan charges drove the lender’s profit up.

Chinatrust might sign an MOU with the Bank of China for cooperation in financial services.

Bank of Singapore expects assets from European clients to double next year as they park their money in the Asia-Pacific.

The lender has no immediate plan to buy a foreign company as central bank's recent move won't affect it much.

Woori wants non-financial firms to divide the 57% stake, worth around $6bln.

ABC’s private banking service was launched in 12 provinces and cities includes Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang, Shandong, Hubei, Guangdong, Qingdao, Ningbo, Xiamen and Shenzhen.