News

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.

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

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

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

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

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

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's effective strategies have become the key for the bank's dominance in certain sectors.

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

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

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

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

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

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

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. 

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