News

TrustBank's business targets in 2011 include hiking its chartered capital to 5 trillion dong, up 66.7 percent over 2010.

HSBC in Vietnam earned a pre-tax profit of $67.9 million in 2010, a year-on-year increase of 38 per cent against the figure previous year.

Moody's said  the outlook for China's banking system is stable over the next 12 to 18 months. It added that the country's banks have adequate cushions against rising non-performing loans.

The participation of NIB Bank Ltd. and Soneri Bank Ltd. in the ADB's Trade Finance Program  means there are now 13 Pakistani banks signed up to the program.

Fundtech Ltd., a market leader in global banking solutions, announced the results of a survey on mobile corporate banking.

The card provides different limits, flexibility in transaction, high daily cash withdrawal and access to complimentary privileges for card holders.

The lender to use proceeds to increase stake in Union Trust to 56%.

The lender plans to buy one to two additional savings banks to tap microcredit finance business.

The Korean lender offered 2.5mn shares in KB Financial to Sumitomo at $50.53 per share.

The lender to find replacement of Michael Lor through talent search companies.

Japan quake, tsunami, and nuclear crisis has negative implications on heavy-equipment manufacturers.

ACB adjusted the dong demand saving rate for its online savings with a highest level of up to 9.6 per cent per year.

Agrobank hopes to raise US$66 million in deposits through a six-month campaign beginning May.

The State Bank of Vietnam approved the applications for additional capital increase of nearly $470 million by Sumitomo Mitsui Bank's HCM City and Hanoi branches.

The service allows customers to locate the nearest branch of Alliance bank through the computer or through mobile phones.

The recruitment would bolster the lender, whose total business more than doubled in the last 3 years.