News
Hana Bank's ringgit notes get 'A'
Standard & Poor's Ratings Services had assigned its 'A' long-term issue ratings to the Malaysian ringgit senior unsecured notes issued by Hana Bank. Hana Bank issued MYR710 million of notes or US$210 million with a maturity date of 30 December 2011, and MYR290 million or US$85.8 million of notes with a maturity date of 29 June 2012. The Republic of Korea guarantees these notes, which Hana Bank drew down under its MYR1 billion or US$296 million medium-term note program.
Hana Bank's ringgit notes get 'A'
Standard & Poor's Ratings Services had assigned its 'A' long-term issue ratings to the Malaysian ringgit senior unsecured notes issued by Hana Bank. Hana Bank issued MYR710 million of notes or US$210 million with a maturity date of 30 December 2011, and MYR290 million or US$85.8 million of notes with a maturity date of 29 June 2012. The Republic of Korea guarantees these notes, which Hana Bank drew down under its MYR1 billion or US$296 million medium-term note program.
Woori, Citibank Korea cope with hefty bad loans
The two lenders grapple to slash their bad loans to comply with government's bad loans requirement.
Bank of Baroda commences life insurance business
Bank of Baroda enters the industry via a joint venture with Andhra and a U.K. company.
Krungthai cites rising number of clients
Krungthai beat expectations by releasing 80,000 more new cards and earning $6 million net.
OCBC's proposed subordinated notes rated 'A'
Standard & Poor's assigned its 'A' issue rating to OCBC's proposed US dollar-denominated subordinated notes issue due 2019.
CIMB's 9-month profit up 27.7%
CIMB reported a net profit of US$593 million for the 9 months of 2009 due to divisions' good performances. This represents a 22.7 percent year-on-year growth, equivalent to net earnings per share of US$0.168. The Group's annualised net return on equity was 14.7 percent.
China banks: SMEs are more profitable
Research shows banks can profit up to 30% more from loans to SMEs.
RHB earns positive outlook with transformation
Encouraging improvements in the financial profile of RHB due to transformation earned it a positive from stable outlook. According to Standard & Poor's Ratings Services, the transformation consisting of streamlining RHB's core business resulted in an enhanced revenue generating capacity.
ICICI, Temasek may revive Firstsource sale
Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.
South Korean banks drop barriers in private banking market
Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers.
Minsheng Bank targets $4 bln sale after HK IPO
Improved banking conditions spurred Minsheng to offer 3.32 billion shares in its Hong Kong IPO.
StanChart India to employ 3,000 by 2010
The bank targets more than 20,000 employees for the bank’s expansion in the country.
Bank of Philippine Islands, World Bank advances in energy loan program
BPI aims to augment its lend to sustainable energy projects by another $106,000.
Korea Development Bank eyes acquiring banks overseas
Korea Development Bank seeks to buy overseas banks as fierce competition in local retail financing market hampers growth.
Hong Leong collaborates with China Development Bank
The tie-up enhances funding and knowledge exchange between the two banks.
Indian Banks anticipate rise in credit losses
Indian banks are likely to gain more than they lose from the latest step taken by the Reserve Bank of India to tighten provisioning norms.
No layoffs in Hong Kong vows HSBC
HSBC's Asian operations expand as it fired 1,700 employees in Britain due to stale European economy.
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