News

The two banks agree  to grab opportunity of improving China-Taiwan relations to expand business.

Lack of buyer leaves PNB to acquire PNB Gilts as an option.

Soros Fund Management LLC, founded by George Soros, has spent $100 million to invest in China Minsheng Banking Corp Ltd. It plans to issue 3.82 billion H shares in an initial public offering on the Hong Kong Stock Exchange, sources reported. 

Present de facto CEO continues to adopt bottomline growth strategy introduced by his predecessor.

Standard & Poor's Ratings Services had assigned its 'A' long-term issue ratings to the Malaysian ringgit senior unsecured notes issued by Hana Bank. Hana Bank issued MYR710 million of notes or US$210 million with a maturity date of 30 December 2011, and MYR290 million or US$85.8 million of notes with a maturity date of 29 June 2012. The Republic of Korea guarantees these notes, which Hana Bank drew down under its MYR1 billion or US$296 million medium-term note program.

The two lenders grapple to slash their bad loans to comply with government's bad loans requirement.

Bank of Baroda enters the industry via a joint venture with Andhra and a U.K. company.

Krungthai beat expectations by releasing 80,000 more new cards and earning $6 million net.

Standard & Poor's assigned its 'A' issue rating to OCBC's proposed US dollar-denominated subordinated notes issue due 2019.

CIMB reported a net profit of US$593 million for the 9 months of 2009 due to divisions' good performances. This represents a 22.7 percent year-on-year growth, equivalent to net earnings per share of US$0.168. The Group's annualised net return on equity was 14.7 percent.

Research shows banks can profit up to 30% more from loans to SMEs.

Encouraging improvements in the financial profile of RHB due to transformation earned it a positive from stable outlook. According to Standard & Poor's Ratings Services, the transformation consisting of streamlining RHB's core business resulted in an enhanced revenue generating capacity.

Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.

Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers.

Improved banking conditions spurred Minsheng to offer 3.32 billion shares in its Hong Kong IPO.

The bank targets more than 20,000 employees for the bank’s expansion in the country.