News

The lender also raised $3.75 billion from a September convertible bond sale to boost capital.

The fund dismissed reports that the $4bln stake sale has hit a snag behind price gaps.

Yes Bank was assigned a bank financial strength rating of D+ as well as a Baa3 long-term and Prime-3 short-term global local-currency deposit ratings and Ba1 long-term and Not Prime short-term foreign-currency deposit ratings, which are constrained by the corresponding sovereign ceiling.

Moody's Investors Service has assigned ratings to Kyongnam Bank for the first time.

The lender seen to follow its rivals’ move to raise more funds.

A sharp decrease in impairment or bad loan charges drove the lender’s profit up.

Chinatrust might sign an MOU with the Bank of China for cooperation in financial services.

Bank of Singapore expects assets from European clients to double next year as they park their money in the Asia-Pacific.

The lender has no immediate plan to buy a foreign company as central bank's recent move won't affect it much.

Woori wants non-financial firms to divide the 57% stake, worth around $6bln.

ABC’s private banking service was launched in 12 provinces and cities includes Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang, Shandong, Hubei, Guangdong, Qingdao, Ningbo, Xiamen and Shenzhen.

Net profit is higher by $45mln than analysts had expected behind falling bad debt charges and higher insurance income.

Improving economy and a low interest environment spurred the lender's loan growth and noninterest income.

China Minsheng Banking Corporation recorded a 46.48 percent year-on-year increase in third quarter net profit attributable to shareholders to 4.14 billion yuan ($619.51 million), with earnings per share of 0.16 yuan ($0.02), according to a company filing.

Hana Financial is seen as a potential bidder for $6bln sale of 57% stake in Woori.

The lender expects Asia to contributing a third of profit in medium-term as KEB due diligence is nearing completion.