News

The lender got 8.5 times the value of its target of its $223.2mn issue aimed to meet its assets growth.

The Taiwanese bank also planned to forge ties with Bank of China.

The lender to repurchase 95% of the outstanding transactions of Lehman Brothers-related notes despite its non-admission of liability.

By June, Bank of East Asia will have 22 branches in  the Chinese mainland.

ICBC handled more than US$22.83 billion or 150 billion yuan of cross-border trade settled in its own currency in January. This is according to a statement released on the bank's website.

The lender not prioritising M&As as it expects to benefit from a rise in interest rates in the Asian-Pacific region due to strong inflationary pressures.

An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.

The ratings company saw risk on the company's financial health as it may be adversely affected due to takeover of KEB from Lone Star Funds.

NAB optimistic that he can make each quarter better than the last as timing of the turnaround is not under the bank’s control.

Western Bank announced that it officially hiked its chartered capital from US$95.79 million to US$143.68 million via issuing shares to public.

China’s Bank of Communications expanded in Vietnam with its Ho Chi Minh City branch. It has a charter capital of US$30 million.

South Korea's FSC will likely give its final regulatory approval by mid-March for Hana Financial Group's takeover of Korea Exchange Bank.

Bank Kerjasama Rakyat registered a 10.8 percent increase in pre-tax profit to US$563 million for the financial year ended Dec 31, 2010 from US$507.8 million the previous year.

China Construction Bank is keen to acquire a stake in Malaysian lender EON Capital Bhd.

BaoVietBank reached a total asset value in 2011 of US$1.19 billion, increasing by 181 percent against the previous year.

Vietnam International Bank gross profit last year surged 72 percent to $50.8 million.