News
Bangkok Bank launches financial innovation for petrochemical businesses
Bangkok Bank has signed an MOU, agreeing to provide a full range of financial services, called 'Smart Chaqin Solution", to PTTPM business partners.
Bangkok Bank launches financial innovation for petrochemical businesses
Bangkok Bank has signed an MOU, agreeing to provide a full range of financial services, called 'Smart Chaqin Solution", to PTTPM business partners.
Hana and Lone Star slash KEB deal price by 6%
But analysts say contract extension is enough to convince investors that the two companies can close the deal.
SBI aims to raise $5bln via overseas debt
The move to fund loans in India after the lender suffered dip in its Q4 net profit.
RHB still seeks for merger partner
RHB maintains interest in M&A even after Maybank and CIMB dropped the plan.
Kookmin Bank divests $1.7bln of its KB shares
The lender offered 35mn shares at a price range of $48.8-$49.2 to meet regulations.
Bank Islam confident of maintaining growth momentum this year
Bank Islam expects to exceed the RM503 million profit growth recorded during the 18-month period ended Dec 31, 2010.
KEB sale price reduced, deal extended
Hana Financial Group has agreed to extend a deal with U.S. buyout fund Lone Star Funds to buy a controlling stake in Korea Exchange Bank.
Temasek still keen on China despite $3.6bn shares sale
China accounts for 20% of the Singapore state investor’s portfolio despite sale of shares in two Chinese banks.
SME Bank on target for RM1.5 B loan dispersal
SME Bank is on target to disburse RM1.5 billion in loans by year-end.
Bank Islam eyes 32 new branches by 2014
Bank Islam Malaysia Bhd plans to open 32 new branches by 2014 including in Sabah and Sarawak.
Commonwealth Bank keen on expanding in Indonesia
The lender resorts to overseas income to compensate lethargic lending in Australia.
KB Financial targets buying a life insurance company
The company says it is keen on buying a life insurer to lessen reliance on banking revenue.
Half of Vietnam's ATM cards remain unused, says VBCA
As many as 50% of issued ATMs in Vietnam are unused, according to statistics from the Vietnam Bank Card Association.
VGS and ABBank sign 100b dong credit contract
Vietnam-Germany Steel Pipe Joint Stock Co signed a short term credit contract worth 100 billion dong ABBank's Vinh Phuc branch to support its working capital.
Philippine banks to remain stable on improving domestic economy
The core Tier 1 capital adequacy ratio rose to an average 12% at end-2010, while the average loans/deposits ratio was stable at about 60%.
BNP Baribas to raise OCB stake to 20 %
OCB has secured central bank permission to sell another 5 percent of stake to BNP Paribas.
Hana seeking a lower price of $4.3bln in KEB bid
Move made possible after KEB board gave Lone Star $466mn, as it approves $1.42 recent dividend payout.
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