News
KDB chief not keen on KEB takeover
High price and post-takeover issues discourage local bidders to bid for once popular M&A target.
KDB chief not keen on KEB takeover
High price and post-takeover issues discourage local bidders to bid for once popular M&A target.
ICBC, Bank of China may change fundraising schemes
Central Huijin to benefit from lenders' rights issues offering over issuing bonds and selling shares.
ICICI, HDFC violate foreign investment rules
India's commerce and industry minister said decision meant to force lenders to shore up domestic shareholding.
Chinese commercial banks face lack of capital
Analysts say China's listed banks need to raise up to $44bln in 2010.
Westpac profit up 30% to US$2.5bln
Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.
HDFC profit up 31% to $660.92mln
Net interest income for the quarter soared 27% driven by loan growth.
ICICI Bank plans hiring 7,000 people in 2010
Recruits will be deployed to man new branches while declaring bonus and increments for old employees.
Indonesia reports bank loans surge
Bankers attribute increase to country's increasing business investment and infrastructure development.
Foreign banks in Asia face dearth of targets
Lenders eager to expand through asset acquisition in Asia but has difficulty finding one.
ANZ Bank dismisses AXA offer
AXA CEO lost interest in bid despite encouraging suggestions from US and Australian investors.
China’s Agriculture Bank seeks $30bln IPO this week
AgBank to apply for dual listing in Hong Kong and Shanghai via world's largest-ever IPO.
KB Financial, Woori post above-expected 1Q profit
KB surpassed Woori as the largest Korean financial holding company by assets during the quarter.
ICBC requests lenders to propose for share issue
Lending splurge prompted the ICBC to ask investment banks' proposals to raise $12 billion.
Bank Simpanan Nasional partners with Bank Rakyat Indonesia
Tie-up aimed to generate 40,000 monthly transactions on money transfer services to Indonesia.
China Merchants Q1 profit up 40% at $864mln
Lender said higher net interest margin and expanded intermediary business boosted its net profit.
Completion of Woori privatization may extend next year
The market monitors progress of move as it may start bank reforms in South Korea.
Bank of Baroda Q4 profit up 20%
Steady performance coupled by one time stake sale has driven lender’s net profit up at $204mln.
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