News

Domestic demand in banking and sustained growth in regional markets prop up net profit increase.

Lender confident of hitting the target as global economic recovery fosters Islamic banking growth.

Offers remittance, credit services to Indonesian workers as they sent $2.34bln to native country in 2009.

Hang Seng Bank China has agreed to purchase about 7,000 square metres of office and retail space in Shanghai's financial district for a total consideration of US$74.6 million. The deal involved the naming and signage rights for the building.

Moody's is maintaining its stable outlook on Thailand's banking system despite the recent escalation of violence in the country. This is based on the sector's asset quality and earnings showing considerable resilience to political turbulence in recent years.

Lender launched plan of being in region's top 5 by 2014 and top 3 by 2020.

Kamco CEO said country needs a megabank capable of attracting stable funding in global financial markets.

“Expensive” $668mln deal extends ICICI presence in India's northwestern desert state of Rajasthan.

Price per share of private placement tagged at US$0.51 allows firm to raise US$1.3bln.

EON's independent financial adviser Credit Suisse's statement left lender's board in dilemma.

Lenders eye to dominate market share via more branches, innovative products.

Lender looks forward to a Shanghai listing after completing one in India as it exploits country's growth.

Lender expands presence in the state by taking over RBS's retail and commercial businesses.

Malaysian lender CIMB is raising its stake in Indonesia's Bank CIMB Niaga to better capitalise on the southeast Asian nation's fast-growing economy.

Lender remains open to potential listings in various countries after filing prospectus to sell 240mln IDRs.

Lender eager to expand visibility in Jakarta and add branches in other Asian countries.