News

Rivals ICBC reported to conduct up to $6.63bln rights issue while BoC seeks approval from regulator.

Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.

Commonwealth retaliated with claim that NAB performed dismally and foregone opportunity when mortgage market boomed.

OCBC becoming the first financial institution to launch applications for one of Apple’s latest gadget, continues to pull on technological innovation for its clients and investors.

Renminbi new incremental loans amounted to $675.43bln in 1H 2010 prompted banks to recruit more staff.

MSIG, Manulife and Ergo are hunting for public sector banks to enhance their fee-based income as cushion from crisis.

Taiwanese lenders checking more closely borrowers' applications and may deny loans to  curb speculation.

Kasikornbank, Kiatnakin, Siam City, Tisco among local lenders that reaped growth despite political unrest.

Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.

Enhanced M2U mobile capabilities aimed to capitalise on Malaysia's impressive 37% jump in smartphone sales.

Improving business and consumer confidence in economy helped lender meet its Q1 forecast.

India's central bank to discuss with 13 banks about $13.5bln loan of country's aviation sector.

Lender achieved 23% micro-credit growth to $12.2bln from $9.93bln to help 15mln farmers.

Public Fund Oversight Committee seen to outline a strategy after postponement due to European debt crisis.

StanChart's will offer advice to AgriBank on conducting business on its home market after investing $500mln.

Lone Star's sale could be delayed due to its inability to attract bidders behind global uncertainties.