News

Bank of East Asia launches rural bank in China

The rural lender to provide deposit taking, agriculture-related lending and capital settlement services to rural residents and SMEs.

Bank of East Asia launches rural bank in China

The rural lender to provide deposit taking, agriculture-related lending and capital settlement services to rural residents and SMEs.

ICICI Bank secures $1.5bln loan agreements with Chinese lenders

ICBC and China Development bank grant funding to help Indian companies fund imports from China.

Hang Seng Bank to open wealth management business in China

The bank seeks partner for wealth management, insurance and asset management through a joint venture or by buying a stake in another company.

Commonwealth Bank suffers file processing glitch

The technical malfunction affected about 5% of the bank's 11mln business and retail customers.

Maybank plans to issue 244.257mln new shares

The high level of reinvestment under dividend plan showed the confidence shareholders had in the bank.

KB Financial and ICBC in talks on investment banking JV

The Korean group seeks to diversify and strengthen its business portfolio by setting up investment banking.

Hana appeals for funding from Asian investors for KEB takeover

Hana woos financial assistance from China Investment Corp., China Merchants Bank, and Sumitomo Mitsui Financial Group Inc.

China Development Bank plans to set up Taiwan branch

Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to seven.

ANZ to transfer more jobs offshore

The bank employs more Bangalore and Manila workers to take advantage of cheaper labor costs.

KB Financial steps up its restructuring efforts

The group’s spinning-off of its credit card unit aimed to improve competitiveness of its flagship banking unit.

Representatives from 22 countries visited GRGBanking

33 Consul-generals and counselors visited GRG Banking industrial park on the morning of December 9, 2010 to see the product demonstrations.

Malaysian banks extend double digit net gains

Malaysian banks continue their double-digit net earnings growth to a fifth straight quarter.

GRG wins US$34.6m contract

A 54% increase in the confirmed total revenue came in from BOC in 2010. This came from the signed contract between BOC and GRG Banking Equipment.

China banks still encountering big risks despite going global

Chinese banks are seen to accelerate overseas expansion by boosting marketing strategies and providing services and financial instruments for high-end customers.

Bank of Philippine Islands launches online solution for SMEs

The Internet-based cash management solution delivers services to clients who need to constantly improve efficiency.

Nikko Asset Management acquires DBS Asset for $105mln

The Japanese trust company taps Asia's millionaires as DBS will take 7.25% stake in Nikko Asset.

Bank of Baroda to add 900 branches and recruit 7,500

The global financial crisis spurred the bank to grow its local and international business operations.