News

China banks furnish capital raising schemes to regulator

Sources say country's top banks submitted plans of replenishing capital after they have lent $688 billion.

China banks furnish capital raising schemes to regulator

Sources say country's top banks submitted plans of replenishing capital after they have lent $688 billion.

ANZ completes acquisition of RBS Philippines

RBS in the Philippines became the first of six markets to transition to ANZ ownership. ANZ is acquiring the Royal Bank of Scotland retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam for approximately US$550 million.

Korea Deposit Insurance sells 7% of Woori stake

The goal of privatising Woori pushed KDIC to a $751.4 million stake sale on Tuesday.

China's regulator to big banks: Raise capital ratios

Source says CBRC told country’s top banks to increase capital adequacy ratios by 2 percent from average.

China Minsheng’s United Commercial Bank’s acquisition attempt denied

A source says policies on foreign investments rule out possibility of China Minsheng’s UCB takeover.

Punjab National Bank eager to expand insurance operations

Dissolving JV with Vijaya Bank and Principal Group would enable Punjab National Bank to become more competitive.

Korea Exchange Bank pursued by other banks

As economy improves, CEOs of other South Korea banks are eyeing to merge with KEB.

Bank Ekonomi increases profits by 55%

Bank Ekonomi reported profit before tax of US$33 million for the nine months to 30 September 2009. The figures represent an increase of 55 percent on the same period in 2008.

State Bank of India bests competitors due to loan schemes

State Bank of India's effective strategies have become the key for the bank's dominance in certain sectors.

China banks approach Newbridge for Taishin stake

The Commercial Times reported that Chinese banks want to buy $923-million worth of Taishin stakes.

Industrial & Commercial Bank of China aims expansion

Establishment of branches in Malaysia and acquisitions in Thailand commence ICBC's Southeast Asia expansion move.

StanChart India beefs up shares advisory operations

South Asia CEO wants to tap share selling that has generated $3.11 billion this year.

Siam Commercial Bank's growth rate to miss target

Siam Commercial Bank, however, expects 7 percent lending growth due to aggressive moves and better global economy.

Bank of China, ICBC to establish presence in Taiwan

The two banks agree  to grab opportunity of improving China-Taiwan relations to expand business.

Punjab National Bank finds no takers for PNB Gilts

Lack of buyer leaves PNB to acquire PNB Gilts as an option.

Soros invests $100mln in Minsheng

Soros Fund Management LLC, founded by George Soros, has spent $100 million to invest in China Minsheng Banking Corp Ltd. It plans to issue 3.82 billion H shares in an initial public offering on the Hong Kong Stock Exchange, sources reported. 

Allahabad Bank retains its conservative growth strategy

Present de facto CEO continues to adopt bottomline growth strategy introduced by his predecessor.