Retail Banking
Bank of Taiwan join forces with ICBC
Bank of Taiwan join forces with ICBC
The Taiwanese lender has already inked two separate pacts with Bank of China and Bank of Nanjing since China and Taiwan signed the Economic...
China Minsheng Bank releases $1.52bn subordinated bonds
$914.28mn of the bonds to mature in 10 years while $609.52mn in 15 years.
Westpac claims its asset quality improving
The lender said it has the lowest level of impaired assets among its peers as its watchlist and substandard loans declined.
Woori Bank names Lee Soon-woo CEO
The bank’s selection committee chose its vice-president to help acceleration of bank’s stalled privatization.
Hong Leong completes US$300mn senior unsecured bonds issue
The proceeds of the Senior Bonds, rated A3 by Moody’s and BBB+ by Fitch, would be used for working capital and general banking purposes.
BEA China culminates $304.5mn bond sale
The bank to use the proceeds to optimize its capital and liability structure and improve the management of liquidity risks.
China approves 8 foreign banks to join its interbank bond market
The lenders are now allowed investment of their renminbi holdings in government and corporate debt in China's interbank bond market.
Malaysia's banks anticipate higher pre-tax profit
Malaysia's banking sector expects to boost its pre-tax profit to US$8.24 billion from US$7.58 billion last year, according to Bernama News.
Maybank aims to rev up remittance business
The lender plans to tap more from Malaysia’s 1.9mn registered migrant workers which are estimated to remit $4.84bn this year.
UOB Thai targets 20% business surge due to low base
The lender aims to rev up operations behind lackluster Thailand economy as its parent company’s overseas operations expected to benefit from the...
DongA to sell 15% to foreign investors
DongA plans to sell a 15 per cent stake to foreign investors to raise $42.85 million. The bank didn’t name possible buyers.
South Korea regulator urged to scrap Hana-KEB deal
Supreme Court’s recent ruling and labor union protests threaten to veto the merger.
CIMB Niaga’s credit card holders grow 45%
Aggressive push from the lender’s high-ranking officials added holders to 1mn.
SBI plans expansion in Africa and Southeast Asia
The lender plans to allot $200mn on overseas acquisitions and targets on banks with strong corporate banking services.
Hana to pay addtional $79M for KEB takeover
Hana Financial Group is expected to pay an additional US$79 million to U.S. buyout firm Lone Star for the r Korea Exchange Bank takeover.
HLB to fund working capital with $300M bonds
Hong Leong Bank Bhd plans to issue up to $300 million worth of bonds to fund working capital and for general banking purposes.
ADBC to issue 400B yuan in bonds in 2011
Agricultural Development Bank of China plans to issue 400 billion yuan, 60.6 billion U.S. dollars, in bonds in 2011.