News

Bank of East Asia and Affin seal MoU

Bank of East Asia and Affin seal MoU

MoU strengthens lenders' ability to serve customers and tap opportunities in Greater China and Southeast Asia.

China listed banks combined profit up 46%

ICBC leads banks with biggest profit for the first half at $12.42bln as lending boom reaped profits.

More Malaysian banks introduce environment-friendly technology financing

Government provided headway to nation by setting up $477.36mln Green Technology Financing Scheme.

HSBC launches integrated banking account for SMEs

Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.

ICBC, BOC profits may reflect China banking industry’s strength

Estimated more than 29% profit increase of both banks seen to improve confidence in China’s lenders.

CIMB Islamic optimistic on sukuk issuance

Lender sees product to surpass $20bln as global sukuk market is rebounding from crisis.

ANZ to study KEB for takeover bid

Analysts believe KEB shares to improve as ANZ becomes keen on carrying over the acquisition.

Maybank targets expansion beyond Singapore and Indonesia

Malaysian lender prepares for transforming itself to become top regional bank within 5 years.

Mandiri is now the majority stakeholder of AXA

51% of AXA Mandiri is now lender's subsidiary after buying additional 2 shares from NMI.

Hong Kong gains edge in private banking

Proximity to business owners and those with strong business network in China has given Hong Kong advantage at the mass affuent priority banking level.

Central Huijin to inject $13bln into 2 firms

China's central bank approves Central Huijin to fund ExIm Bank and Sinosure by selling bonds.

Regulator tightens Korean banks' internal control system checks

Frequent financial troubles plaguing lenders prompted FSS to form check list of incidents and inspect firms.

Mandiri targets raising rights issue to $1.56bln

Lender waits for parliament’s approval in move that would sustain lender’s capital until 2014.

Taiwan Cooperative plans expansion in China

Economic cooperation between China and Taiwan enabled Taiwan lenders to exploit cultural similarities with Mainland.

Central Huijin to issue RMB187.5 bonds

Earnings of sovereign wealth fund’s first bond sale to be used for Export-Import Bank of China.

HSBC China becomes market maker to trade RMB and Ringgit

Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.

BEA to use RMB bonds proceeds for expansion

Lender not keen on divesting 20% stake of Canadian subsidiary as it profit soared 78%.