Retail Banking
CIMB: Merger with RHB must be ‘value creating’
CIMB plans to have talks with Aabar Investments regarding the merger.
CIMB: Merger with RHB must be ‘value creating’
CIMB plans to have talks with Aabar Investments regarding the merger.
7 Philippine banks gets Moody’s credit rating upgrade
The rating agency said the rise in rating was in line with the upgrade of the Philippines' foreign currency deposit ceiling to Ba2 from Ba3.
Lone Star files appeal to invalidate KEB charges
A lawyer for LSF-KEB Holdings SCA, which holds Lone Star's stake in KEB, said the fund had not deliberately manipulated KEB unit’s stock prices.
StanChart South Korea workers plan to go on strike
Employees demand that the lender should cease adoption of an incentive-based salary system, which is seen to cut salaries by as much as 46%
Woori fails to acquire Hanmi
Setback in $240mn Hanmi takeover seen to affect Woori's plans for overseas expansion.
ICICI denies report it’s in talks with Spring Bank
A statement by the Nigerian lender said it is in negotiations with potential investors including ICICI.
South Korea regulator bars KDB from Woori bidding
FSC takes note of financial investors’ concern that the formation of a giant state bank could reverse competitiveness of South Korea’s banking sector...
South Korea regulator may ban Hana from M&A
FSC’s sanction on the group’s brokerage and banking units may push the regulator to bar Hana’s KEB prospects.
BPI to unite two of its subsidiaries
The merging of BPI Capital Corp and BPI Bancassurance Inc will eliminate duplication, streamline operations, and lower costs.
Union Bank of India targets expansion of international operations
The lender strives to achieve 20% growth in deposits and 22% in advances via extending global reach.
Banco do Oro keen on remittances of overseas Filipinos
The lender believes the global disasters and crises has little effect on overall remittances figure of Filipinos working abroad.
Taiwanese banks inks pact with China’s AgBank
Cathay United Bank, Mega International Commercial Bank, and Mega Financial Holding Co. forge cooperation in corporate lending, bancassurance, retail...
South Korea regulator to push for revision of rules on Woori sale
The FSC to ease current rules that require a financial holding company to bid for at least 95% of a target holding company to combine their...
Thailand freezes Deutsche Bank’s permit to operate as primary repo dealer
The German lender said its government bond trading and other business activities in Thailand remain unaffected.
Hana to purchase of 5% stake in KEB
Hana to take over stake from Lone Star and possibly from the Export-Import Bank of Korea.
India’s public sector banks target increased African presence
Yet bankers doubt India’s capacity for a large exposure in fundings for mergers and acquisitions which is enjoyed by global banks.
Bank of Ayudhya expects robust second quarter performance
Confident of better second quarter after strong $92 mn first quarter profit as it sticks to loan target.
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