News

Moody’s placed all Hana Bank ratings on review for possible downgrade while eyeing Korea Exchange Bank’s debt and deposit ratings for possible upgrade.

HSBC will allocate increased resources to grow the number of branches and enhance the capabilities of its existing locations. By expanding its branch network in Hong Kong, HSBC will further commit itself to local customers by providing deeper coverage and a broader range of services. “Branches continue to play a pivotal role in personal financial services and are critical to our strategy in Hong Kong,” said Mark McCombe, Chief Executive Officer of HSBC, Hong Kong at the grand opening ceremony of HSBC Premier Centre at Elements in Tsimshatsui.   Francesca McDonagh, Head of Personal Financial Services, Hong Kong, said, “To better serve our evolving customer base, HSBC will increase the number of branches, enhance selected branches and optimise branch facilities across Hong Kong. Moreover, in view of the business opportunities brought by the broad potential customer base from mainland China and Taiwan, we will strive to provide services and solutions to cater to their banking and investment requirements.”

 

The Indonesian bank to exploit growing business potential between Indonesia and China.

AmIslamic Bank Berhad and Sabah Credit Corporation signed a US$31.9 million Islamic Banking Facilities agreement.

Moody's has assigned XacBank  a D- Bank Financial Strength Rating. The Mongolia-based bank also received a Ba3/NP for long- and short-term local currency deposit ratings; a B2 /NP for long- and short-term foreign currency deposit ratings; and a Ba3/NP for long-term local and foreign currency issuer ratings

The lender aims to accomplish feat in 3-5 years time as it has recruited 100 more new employees.

The lender attributes positive growth to its healthy current accounts and savings accounts deposits level.

Beijing supplied 12.63 million square meters of land for security housing projects and 1.64 million square meters for low-income housing.

The central bank has directed banks to strictly screen mortgage applicants to help cool the soaring real estate market.

The year-on-year growth for nine months is part of the Group’s first set of financials which are in full compliance with the Basel II framework.

4,000 employees are expected to join to protest Hana’s takeover as it conducted due diligence on KEB.

The move enables Xinjiang companies to use renminbi to engage in business abroad, while allowing foreign companies make renminbi investment into Xinjiang companies.

Shareholders sued the bank for failing to report exposure and risk of losses from subprime mortgage exposure.

The Chinese lender will become the first Chinese company to bid for a South Korean financial firm if it joins the race.

Prompted by a sharp spike in Woori Bank's problem assets during the third quarter 2010, its asset quality and capital were re-evaluated prior to Moody's affirmation.