News
ICBC third quarter profit up 27% to $6.4bln
The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.
ICBC third quarter profit up 27% to $6.4bln
The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.
Bank of Communications profit up 24% to $1.37bln
Despite double digit growth, third quarter profit still fell short of the $1.42bln median analysts’ estimate.
Bank Rakyat profit up 35% to $321.53mln
Financing income rises for the first nine months behind strong growth in all business segments.
Danamon plans to launch $330mln bonds in November
The lender to use the proceeds to bolster its long-term targets as its CAR stood at 16.4%.
CIMB Islamic signs $100mln facility with HP
The facility to be used for financing HP’s 32-acre “next generation data centre” in Cyberjaya.
SBI raises $226mln from retail bond sale
Investors bid for 20 times the bonds offered in the sale as SBI earlier targeted $112.22mln.
Malaysian banks focus on mass affluent market
The lenders eye to tap on the underserved segment that accounts for 6% of population.
Bank Negara Indonesia plans launching $1.4bln rights issue
BNI plans a December rights issue after Indonesian government delayed Bank Mandiri's $1.5bln plans until 2011.
HSBC announces new Private Banking leadership in Asia and EMEA
Two Private Banking heads for Greater China and Singapore will succeed Monica Wong as Chief Executive of Private Banking in Asia.
Krung Thai Bank profit up 17.4% to $167mln
Government infrastructure projects helped boost the lender’s profitability, which is $23.43mln above forecast.
Bank of Communications to launch HK private banking
The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.
Temasek divests its entire $643mln Hana shares
Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.
Bank of China-Temasek JV to launch first branches
JV aims to hire 14,000 staff and open 400 branches as it compete with AgBank-StanChart JV.
ICICI Bank offers cross-border remittance services
I-Express opens access through network of over 2,500 branches and 5,600 ATMs, and 55,000 Visa-enabled ATMs.
Chinatrust' Jeffrey Jr. Koo faces 9-year sentence
Ex-vice chairman charged with insider trading and banking regulation breaching over the firm's planned acquisition of Mega Financial.
Bank of Taiwan to offer Renminbi settlement
Customers can save about 1% in the cost of yuan settlement services.
PBCom stake divestment unlikely
Seeks to sell of major stake as existing shareholders are not eager to contribute additional capital.
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