News

Vietnam’s Agribank says bad debt level safe

Agribank said it faces no finacial problems even though it has a bad debt of 6.67 percent of its total loans.

Vietnam’s Agribank says bad debt level safe

Agribank said it faces no finacial problems even though it has a bad debt of 6.67 percent of its total loans.

UOB plans doubling cross-border business lending

The lender has set up a Foreign Direct Investment Advisory unit to drive the increase in business.

OSK-RHB merger to be among Malaysia’s top investment banks

Once completed, the merger will overtake CIMB Securities which is currently leading with a market share of 10.5%.

Maybank Islamic eyes steady contribution from asset financing to parent

27% of Maybank Group's total loan and advances come from its Islamic unit.

Bank Of East Asia issues US$3bn Medium Term Note programme

The programme is aimed to achieve greater flexibility and diversity in the lender’s asset and liability management.

34,000 customers file $48.5mn class action suit vs. ANZ

The lender joins 11 others which could face similar suits regarding overcharging of fees.

Agribank allays fears of additional capital raising

The lender sticks to its promise not to seek a rights offer to raise additional capital within two years from its IPO.

ICBC electronic banking reach turnover of over RMB100T in 1st half

ICBC electronic banking posted a turnover of over RMB 100 trillion during the first six months of this year, up 21.8% year-on-year. Of which, turnover of Personal Internet Banking and Mobile Banking rose 37.1% and 387%. ICBC keeps on top of the domestic league table.

ABC launches full fund centralization reform scheme

The new-generation asset and liability management system developed independently by Agricultural Bank of China Limited has been formally rolled out.

ICBC Registers Over RMB 400 Billion in Turnover from Cross-Border Renminbi Business in H1 2011

ICBC saw a strong growth trajectory in its RMB business, with a turnover in the first half of 2011 trebled last year's to RMB 406 billion, RMB 280.4 billion in cross-border RMB settlement, RMB 120.6 billion in trade finance.

ABC Strives to Build the Largest Financial Service Network in Tibet

The 209 outlets of Tibet Branch of Agricultural Bank of China Limited has been interconnected.

Nikko Asset Management and DBS Bank join forces

The merger poised to become Asia's largest regional asset manager.

Bank Danamon earns $564mn in rights issue

Foreign institutions constitute the majority of buyers of the rights whose proceeds are to be used for the lender’s expansion.

Hua Nan inks deal with China Merchants Bank

The Taiwanese bank seeks to benefit from MOU with the Chinese bank to expand its operations in the Mainland.

BPI launches investment service for overseas Filipino workers

With Investment 3.0, the lender provide online platform for investment opportunities though they are away from home.

Union Bank Asset Management to enable mutual fund transactions via ATM

Union Bank KBC has also launched a series of investor awareness programmes for mutual fund investors.

South Korean banks amass $2.7bn Q3 profits

Lenders are trying to increase interest rates on loans while cutting deposits rates.