Retail Banking
China Minsheng to raise $4.5bn through shares and bonds
An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.
China Minsheng to raise $4.5bn through shares and bonds
An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.
S&P not keen on Hana Bank's acquisition of KEB
The ratings company saw risk on the company's financial health as it may be adversely affected due to takeover of KEB from Lone Star Funds.
NAB chief keen on lender’s steady turnaround
NAB optimistic that he can make each quarter better than the last as timing of the turnaround is not under the bank’s control.
CIMB 2010 profit up 24.5% to $1.16bil
The group expects new areas of strong growth from CIMB Thailand and CIMB Singapore as well as transaction banking.
Western Bank increases chartered capital to $143M
Western Bank announced that it officially hiked its chartered capital from US$95.79 million to US$143.68 million via issuing shares to public.
China’s Bank of Communications opens Ho Chi Minh branch
China’s Bank of Communications expanded in Vietnam with its Ho Chi Minh City branch. It has a charter capital of US$30 million.
Hana likely to get nod for KEB takeover in March
South Korea's FSC will likely give its final regulatory approval by mid-March for Hana Financial Group's takeover of Korea Exchange Bank.
Bank Rakyat pre-tax profit up 10.8%
Bank Kerjasama Rakyat registered a 10.8 percent increase in pre-tax profit to US$563 million for the financial year ended Dec 31, 2010 from US$507.8...
BaoVietBank targets $9.5M profit
BaoVietBank reached a total asset value in 2011 of US$1.19 billion, increasing by 181 percent against the previous year.
Maritime Bank and Prudential continue bancassurance cooperation
Prudential Vietnam and Maritime Bank signed a cooperation agreement whereby the bank's staff will directly distribute the life insurance products...
VIB 2010 gross profit surges by 72%
Vietnam International Bank gross profit last year surged 72 percent to $50.8 million.
Talks on KDB-Bank Panin $1bln deal fail
Differences on the conditions presented by both parties caused failure of the KDB to buy 45% of Panin’s stake.
Michael Lor resigns as EON Bank CEO
Datuk Mohzani Abdul Wahab and Dr Zaha Rina Zahari will share the responsibilities left behind by Lor.
BoComm releases 20 bln renminbi-denominated bonds in Hong Kong
The bonds, with terms of between two years and five years, are targeted at institutional investors and individual investors.
Guoco denies plan of acquiring Bank of East Asia
Yet the conglomerate admitted it raised its stake in the bank to 10.06% from 9.98%.
ABC takes majority stake in Jiahe Life
ABC will hold 51 per cent stake of Jiahe Life, becoming the controlling shareholder. Shares held by the former five shareholders of Jiahe Life...
Maybank eyes more media exposure in China
Maybank has entered into a strategic partnership with Xinhua News Agency.
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