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%.