News
Korea Eximbank to provide record $63B trade financing in 2011
Korean exporters will get a record 70 trillion won or US$63 billion support via loans and assurances form Korea Eximbank this year.
Korea Eximbank to provide record $63B trade financing in 2011
Korean exporters will get a record 70 trillion won or US$63 billion support via loans and assurances form Korea Eximbank this year.
Banco Filipino does a phoenix--for the second time
A leading Philippine savings bank shuttered twice by the government in a span of 25 years is to re-open for the second time this March.
Rothschild comes to the Philippines
In Asia, Rothschild provides investment banking, private banking and venture capital services.
More Swiss banks turn to Singapore for confidentiality
More Swiss banks may be looking to Singapore as a favourable place for expansion.
Westpac prepares to axe more jobs
Westpac employees are bracing for a second wave of job losses as the bank seeks to curb costs.
India's ICICI gets $300M loan deal with Japanese banks
JBIC will provide $180 million, while SMBC and Bank of Tokyo-Mitsubishi UFJ are funding $120 million to ICICI Bank.
Banks lead record Philippine Stock Exchange surge
A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by 2.3%.
Research group sees bumps ahead for Public Bank
Alliance Research House stated that there could be factors that could dampen the outlook for Public Bank.
Japan’s second largest lender posts jaw dropping loss
Mizuho Financial Group took an 80% drop in profit during 4Q11 on a tax asset write-down and weaker stock markets.
Agribank begins massive restructuring
Vietnam’s largest bank is about to shed non-essential operations as it moves towards becoming a completely commercial bank.
Agribank to restructure, revert focus to agri, rural devt
Vietnam may approve the plan to restructure Agribank this February, wherein it reverts its focus to agriculture and rural development.
The Philippines’ 2nd largest bank is expanding
Adding 50 more branches will bring the branch network of Metropolitan Bank and Trust Company (Metrobank) to over 800, the largest in the Philippines.
Mizuho's 9-month net profit down 35.8% to $3.6B
Mizuho Financial Group's net profit in the April-December 2011 period went down by 35.8 percent to US$3.6 billion.
Tight Malaysian lending rules affecting car sales, Perodua
Compact car manufacturer Perodua has asked Bank Negara Malaysia to ease up on tight loan conditions for hire purchase of cars.
Union Bank of the Philippines posts cheery results
Another cash-flush Philippine bank reports sterling bottom line results for 2011.
Bank Muamalat wants non-muslim customers for Islamic products
Bank Muamalat's hopes to enhance the market of its various Islamic banking products and services with non-Muslin customers .
RHB Singapore upbeat on growth amid glocal challenges
RHB Bank Singapore is confident of maintaining growth while expecting more active participation in debt issuance and funding corporate clientele.
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