Retail Banking

BEA China culminates $304.5mn bond sale

The bank to use the proceeds to optimize its capital and liability structure and improve the management of liquidity risks.

BEA China culminates $304.5mn bond sale

The bank to use the proceeds to optimize its capital and liability structure and improve the management of liquidity risks.

China approves 8 foreign banks to join its interbank bond market

The lenders are now allowed investment of their renminbi holdings in government and corporate debt in China's interbank bond market.

Malaysia's banks anticipate higher pre-tax profit

Malaysia's banking sector expects to boost its pre-tax profit to US$8.24 billion from US$7.58 billion last year, according to Bernama News.

Maybank aims to rev up remittance business

The lender plans to tap more from Malaysia’s 1.9mn registered migrant workers which are estimated to remit $4.84bn this year.

UOB Thai targets 20% business surge due to low base

The lender aims to rev up operations behind lackluster Thailand economy as its parent company’s overseas operations expected to benefit from the...

DongA to sell 15% to foreign investors

DongA plans to sell a 15 per cent stake to foreign investors to raise $42.85 million. The bank didn’t name possible buyers.

South Korea regulator urged to scrap Hana-KEB deal

Supreme Court’s recent ruling and labor union protests threaten to veto the merger.

CIMB Niaga’s credit card holders grow 45%

Aggressive push from the lender’s high-ranking officials added holders to 1mn.

SBI plans expansion in Africa and Southeast Asia

The lender plans to allot $200mn on overseas acquisitions and targets on banks with strong corporate banking services.

Hana to pay addtional $79M for KEB takeover

Hana Financial Group is expected to pay an additional US$79 million to U.S. buyout firm Lone Star for the r Korea Exchange Bank takeover.

HLB to fund working capital with $300M bonds

Hong Leong Bank Bhd plans to issue up to $300 million worth of bonds to fund working capital and for general banking purposes.

ADBC to issue 400B yuan in bonds in 2011

Agricultural Development Bank of China plans to issue 400 billion yuan, 60.6 billion U.S. dollars, in bonds in 2011.

Metrobank posts 39% net profit growth in 2010

Metrobank posted a 39 per cent growth in its net profit in 2010. This is attributed to a surge in non-interest earnings. Officials disclosed that...

RCBC to sell minority stake to boost capital

RCBC is selling a minority stake worth about $100 million to an undisclosed investor as part of efforts to boost its capital.

Kelly to head Westpac for another 3 years

The lender’s chairman denied reports of Kelly’s replacement as she vowed to lead customer-focused retail banking strategy.

National Australia Bank taps China market

Its collaboration with China Huarong Asset Management aims to focus on wealth management, insurance and rural lending.

Rabobank seeks to beef up Australian presence

The Dutch banker taps Australia’s rural banking market as it recruit staff for its expansion in the country.