News

Lender’s privatization gained headway when institutional investors acquired total of 72.54mln shares at 16,000 won each.

Move targeted to strengthen capital adequacy ratio and boost lending.

Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business. 

Lender joins other China rivals’ share offerings by selling 3.4bln shares to restore capital before IPO.

Move part of KDIC plan to reduce stake in Woori to 50% towards lender’s privatization.

Lender’s selection of 4 banks to offer dollar bonds part of its $2bln medium-term notes programme.

FSU argues bank's plan to open Manila operations hub could cost 100 jobs in Australia.

Lender may acquire $29bln as it invited 20 bidders for China and Hong Kong IPO.

BCA Syariah is lender's answer to growing demand for Islamic banking of  85% of Indonesia's population.

Proceeds from local private placement and Hong Kong rights offer to raise capital after credit boom.

CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.

Malaysian bank's shareholder Boustead saw Malaysian lender's move essential to gain foothold in Indonesia.

US$1bln exposure to Dubai World prompted lender to strictly control its bonds and loan investments abroad.

US fund sent letters to investors in an effort to resume lender’s delayed sale. U.S. buyout fund Lone Star Funds has asked South Korean and overseas investors whether they are interested in buying a major stake in Korea Exchange Bank, kicking off initial steps to resume its stalled sale, financial authorities said Monday. According to the authorities and industry sources, Lone Star Funds sent letters to around 50 domestic and foreign investors last week to notify them of the sale and tap interest in the deal. The U.S. fund selected Credit Suisse on March 11 as lead manager for the sale of the 51.02 per cent stake in South Korea's fifth-largest lender. View the full story in Trading Markets.

RBI and other local banks appealed for government’s new policy on overseas investment but were rejected.

Central bank pledged vigilance over possibility of future crises by ensuring large banks are adequately capitalized.