News

ICBC will increase core competence and maintain sustainable development through process restructuring, improved innovation and service capability.

The lender awaits approval from Korea regulator to put up branches in India, Brazil, Australia and Russia.

Differences on the conditions presented by both parties caused failure of the KDB to buy 45% of Panin’s stake.

The bonds, with terms of between two years and five years, are targeted at institutional investors and individual investors.

Yet the conglomerate admitted it raised its stake in the bank to 10.06% from 9.98%.

Vietnam's commercial banks are now prioritising increased profits from card payment services. The domestic market now has 28.5 million bank cards which are mainly used just for cash withdrawals.

Vietnam's Eximbank's net profit surged 60 percent to US$87 million last year.

VietinBank's net profit jumped 169 percent to US$164.7 million last year. The Hanoi-based bank revealed in a finacial report that its annual lending jumped 43 per cent from 2009 to US$11 billion.

Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest issuance level.

Moody's believes that  distress among Korean mutual savings banks will have a minimal impact on  Moody's-rated commercial banks in Korea.

National Bank of Cambodia NBC recorded that 130 new ATMs were installed by commercial banks last year. This brings the total Kingdom-wide to 501 at the end of 2010 – a rise of 35 percent on 2009.

Businesses complain that the “dual foreign currency price mechanism” is still persisting.

The initiative aims to cover more than 50% of the population who does not have bank accounts.

KDIC chooses Woori Finance to take over the lender which was suspended because of its troubled capital condition.

Hana Financial announced that it has completed raising funds to acquire a 51.02 percent stake in Korea Exchange Bank.

South Korea's Financial Services Commission pledged to supply liquidity and buy distressed property-linked loans to help ailing savings banks.