Retail Banking
KB Financial nominates Euh Yoon-dae as Chairman
KB Financial nominates Euh Yoon-dae as Chairman
Euh plans merging with Woori or acquiring KDB despite having little experience in banking.
Rabobank appoints Philip Lau Southeast Asia M&A Head
Appointee seen to strengthen lender's corporate finance with his 15-year experience.
Maybank Singapore gives away $5mln cash rewards
Pocket Me GIRO intends rewarding customers when they GIRO with the lender.
StanChart ruled out interest in acquiring KEB
SC First Bank Chief Executive, Richard Hill, said their strategy in Korea is an organic one.
SBI mulls launching $4.27bln rights issue in 2011
India government eyed to subscribe in the multibillion rights issue to take place in H2FY11.
CIMB Niaga to sell $162mln worth of bonds
Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.
ANZ hires Morgan Stanley as acquisition adviser
ANZ eager to acquire Bank Panin for $1.3bln as Gunawan family sells 46% of Indonesian lender.
Punjab National Bank hires banks for $100mln loan
PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.
Fitch upgrades Taiwanese state-controlled banks' national short-term ratings
Revised ratings for 3 lenders due to their strong liquidity position.
MBK Partners eyes bidding for KEB stakes
Reports say company in initial stage of negotiation to acquire 51% KEB stake amounting $3.6bln.
ANZ says it didn’t bid for KEB stake
Lender belied reports saying lender joined StanChart in bidding for Lone Star's 51% KEB stake.
Moody’s: Hurdles remain for Japanese banks
Japanese banks have overcome the stress scenario in 2008 but still has low operating profits relative to balance sheets.
Analysts debate on next KB Financial chair's qualification
Discussion revolves on whether next chair needs to have strong government connections or not.
China Minsheng gains approval for subordinated bonds offering
The $849mln bonds issuance is expected to realise 12% capital adequacy.
Moody upgrades RHB’s financial strength rating to Positive
Net interest margin improvement, more comfortable loan-to-deposit ratio, healthier capital adequacy, and management stability boosted ratings.
New building symbolises BEA's commitment to mainland
BEA China opened its new Head Office Building in Lujiazui, Pudong New Area, Shanghai.
Bank Ekonomi increases 1Q profits by 30%
Bank Ekonomi reported profit before tax of US$17 million for the three months to 31 March 2010. It is an increase of 50 percent on the same period...
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