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China Merchants 2009 net down 14% to $2.67bln
Lender still was able to beat average $2.57bln forecast by Dow Jones.
China Merchants 2009 net down 14% to $2.67bln
Lender still was able to beat average $2.57bln forecast by Dow Jones.
India’s central bank may save “foreign” HDFC, ICICI
Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.
Bank Mandiri plans three-fold rise in rights offering
Decided to raise figure to about $776mln from $221mln due to improving economic and political conditions.
HSBC to further extend presence in China
Expansion involves establishing rural banking in line with government’s aim of providing financial assistance outside cities.
Korea sells 9% of Woori stake at $1bln
Lender’s privatization gained headway when institutional investors acquired total of 72.54mln shares at 16,000 won each.
Bank Mandiri eyes $221mln rights issue
Move targeted to strengthen capital adequacy ratio and boost lending.
Philippine National Bank partners with Bank of China
Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business.
South Korea raises $1bln by selling Woori shares
Move part of KDIC plan to reduce stake in Woori to 50% towards lender’s privatization.
India’s Union Bank hires banks for bond sale
Lender’s selection of 4 banks to offer dollar bonds part of its $2bln medium-term notes programme.
Agricultural Bank of China invites bids for IPO
Lender may acquire $29bln as it invited 20 bidders for China and Hong Kong IPO.
China Construction Bank targets selling $11bln in shares
Proceeds from local private placement and Hong Kong rights offer to raise capital after credit boom.
Lone Star urges foreign investors to acquire KEB
US fund sent letters to investors in an effort to resume lender’s delayed sale. U.S. buyout fund Lone Star Funds has asked South Korean and overseas...
India's ICICI, HDFC Bank to be treated foreign
RBI and other local banks appealed for government’s new policy on overseas investment but were rejected.
No Philippine bank big enough to fail
Central bank pledged vigilance over possibility of future crises by ensuring large banks are adequately capitalized.
ANZ to increase stake in Indonesia and Laos
Lender in discussions with PT Panin and ANZ Vientiane Commercial to obtain almost 100% ownership.
Woori Finance CEO says privatization seen in 2010
KB Financial and Hana Financial possible suitors should Korea approves privatization process in second half 2010.
National Australia Bank to bid for RBS assets
NAB faces competition with Banco Santander and Virgin Money for takeover of 84% of RBS.
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