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VietinBank opens branch in Berlin

VietinBank has completed all procedures to debut its branch in Berlin in late May 2012.

VietinBank opens branch in Berlin

VietinBank has completed all procedures to debut its branch in Berlin in late May 2012.

Uco Bank going short on capital

Uco Bank will focus on retail lending to boost margin and may cut growth in the next five years to use capital frugally.

Malaysia’s CIMB Q1 net profit up 10%

CIMB announced a 10.3 percent increase in first-quarter net profit mainly due to stronger regional corporate banking and treasury markets businesses.

Ocean Bank to collaborate with UK partner

Ocean Bank revealed a plan to form a partnership with the UK’s Hermes Capital to help better its operations.

India's bad loans up 54% in March

NPAs of Indian banks rose by 53.5% from Rs 39,200 crore as of March 2011 to over Rs 60,100 crore on March 2012.

S.Korea's Eximbank raises $1.25B through samurai bonds

South Korea's Eximbank raised 100 billion yen or US$1.25 billion through samurai bond sales.

Eximbank takes control of Sacombank board

Eximbank will now control Sacombank's board of directors after investing about VND1.6 trillion or US$76.2 million in the said bank.

Axis ties-up with Bharti for mobile banking services

Bharti Airtel customers will now be able to open savings account in Axis Bank through their mobiles and cash deposits, transfers and withdrawals.

Solomon Savings Bank CEO arrested for suspected corruption

Prosecutors have arrested the CEO Solomon Savings Bank over allegations he embezzled and illegally lent billions of won.

HSBC China opens Harbin branch

HSBC (China) Company Limited opened a new branch in Harbin, capital of northeast Heilongjiang province.

VietinBank bonds attract foreign investors

VietinBank became the first Vietnamese financial institution to successfully issue US$250 million worth of bonds in international markets at an annual real coupon of 8.25%.

GRG Banking pioneers gift card-issuing ATMs

The latest version of the automated teller machine can also issue debit cards.

BNZ prefers to offer fixed interest rates

Home buyers are interested in a short-term fixed loan, this is the observation of Bank of New Zealand retail director Andy Symons.

Asiatrust sale to AUB gets central bank approval

Asia United Bank Corp. welcomed the Bangko Sentral Approval of its acquisition of Asiatrust Development Bank.

Depositors losing confidence at Nepal's finance companies

The deposits of Nepal's finance companies shrunk by over four percent in the first eight months of the current financial year.

People badly hit by closure of Nepalese banks, ATMs

It was the people that suffered most after banks in Baglung shut down their services due to security threats.

Nepal's Global Bank eyes category A status with merger

Global Bank approved its merger plan with IME Financial Institution and Lord Buddha Finance in a special general meeting.