Retail Banking
Vietnam Development Bank credit up 20%
Vietnam Development Bank credit up 20%
Vietnam Development Bank achieved a total outstanding loans of around 90 trillion dong by end of 2010 aftere 5 years of operations.
Maybank hounded by Vinashin exposure
Questions abound over Maybank role in the funding of troubled state-owned Vinashin's US$600mil facility now that the shipbuilder has defaulted again...
Baoviet Bank provides banking product for high-ranking customers
Baoviet Bank launched it package for high-ranking customers that offer a total solution to meet the needs of finance-investment-insurance with only...
South Korea PM slams regulator’s slack monitoring of banks
Nation’s ruling party motions to investigate savings banks on FSS’ speculated negligence on lender’s illegal activities.
RHB Bank eager to buy Thai banks
Despite Maybank and CIMB bid for takeover, the lender is still looking at medium-sized and large banks acquisitions.
Chinese banks expanding Hong Kong renminbi deposit base
Lenders establishing renminbi deposit pools to make way for renminbi-denominated businesses such as trade finance and lending.
India public sector banks to employ over 400,000
Hiring spree is prompted by the fact that a large chunk of 1mn PSB employees will retire in the next two years.
JPMorgan appoints Edwin Lim to private wealth team
The ex-DBS Private Bank's North Asia head will help the lender in fortifying its Greater China business.
Shareholders approves China Merchants Bank’s overseas bond issuance
AgBank will also issue $7.71bn subordinated bonds on June 2 following Shenzhen Development Bank’s $563.24mn mixed bonds launch last month.
Hang Seng Bank names Fred Hu non-executive director
The economist will receive HK$340,000 per year while currently chairing Primavera Capital.
Maybank Singapore launches new interest features to depositors
The lender’s whole suite of deposit products for iSAVvy Singapore dollar time deposit.
Power Finance Corp eyes foray in banking
Power Finance Corporation is actively seeking a role in the booming banking sector of India. It is in the process of appointing a consultant to guide...
HSBC eyes to extend renminbi products to Australia
The lender’s introduction of new products to Australia to hedge their currency risk in doing business with China, a major consumer of Australian...
South Korea willing to ease rules to sell Woori
FSC to allow local bank holding firms to buy only 50% stake in a holding firm with government stake to improve chances of privatising Woori.
Vietnamese banks hit the credit brakes
Inflation is out of control so the The State Bank of Vietnam has limited credit growth of banks to 20% in 2011.
PBCom sells $99.28mn worth of shares
PBCom has about 52.6mn common shares and another 120mn preferred shares to which the floor price of P25 a share would apply for this bidding.
China banks to raise $12.34bn bonds in Hong Kong
Bank of China and BoCom mull to issue up to $30.84bn in bonds despite market doubts that Hong Kong can accommodate such a massive fundraising.
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