News
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
KB Financial needs 2 years to consolidate lenders
Euh Yoon-dae’s decision gives breather to labor unions that oppose any M&A in banks.
MBK Partners emerges as sole bidder for KEB
Fund is the only bidder that submitted proposal of $4bln as rivals offered less than $3.3bln.
44% of Asian insurers still optimistic
Some parts of the world may have experienced a global downturn but Asia's insurance business remains largely unaffected by the economic crisis.
Agricultural Bank to receive Qatar and Kuwait investments
Middle East countries pledge $3.6bln investment in AgBank while Qatar Holding expands portfolio in China.
ANZ establishes underwriting unit in the Philippines
ANZ authorised by SEC to engage underwriting of government and corporate securities in the country.
Malaysia grants Mizuho approval for banking licence
Mizuho to establish foothold in Kuala Lumpur as Bank Negara gives it commercial banking licence.
US Export-Import Bank to finance Indonesian banks
11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.
Standard Chartered strikes deal with China’s Agricultural Bank
MoU enabled lenders to work in wholesale and retail banking operations starting in Hong Kong.
National Australia Bank rejects reports of UK pullout
Optimism on Clydesdale operations continues despite distressed British economy and Fitch’s comment that maintenance serves risk.
KB Financial chair nominee pitches for Woori deal
Euh Yoon-dae sees Woori as primary target to diversify group’s operations just as Woori wants privatisation.
India approves $1.34bln infusion in 5 PSU banks
Move to leverage infused amount to enable lending $16.8bln to productive sectors in the economy.
Maybank allots $4.9mln to improve customer service
Pilot customer service transformation programme to upgrade all bank’s frontline personnel in 70 branches.
Hong Leong-EON Bank merger poses problem on employees
National Union of Bank Employees hits Bank Negara’s non-consultation with union on looming merger’s adverse effects.
ICICI Bank to focus on rural sector
Lender also plans to reduce exposure to personal loan after suffering big losses.
China regulator cautions banks of loan risks
China Banking Regulatory Commission continues to tighten bank lending as liquidity problems remain as threats.
Nomura and MBK Partners discuss KEB bid
Parties in early talks for joint bid for KEB even as ANZ showed interest.
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