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S&P scrutinizes IDBI's medium-term notes
Standard & Poor's assigned a 'BBB-' rating on the senior unsecured notes of IDBI Bank's proposed debt issues under the US$1.5 billion medium-term notes program.
S&P scrutinizes IDBI's medium-term notes
Standard & Poor's assigned a 'BBB-' rating on the senior unsecured notes of IDBI Bank's proposed debt issues under the US$1.5 billion medium-term notes program.
SCB nets US$630.6 million for 2009
SCB reported a 2009 net profit of US$630.6 million--almost at par with the record high set in 2008. In addition, the Bank reported a resumption of loan growth at 2.5 percent, significantly higher fee income at 10.9 percent.
Bank of Taiwan speeds up China market penetration
BOT chair said it considers buying China's municipal banks while forming alliances with its top lenders.
BEA China opens in Zhongshan
The Bank of East Asia became the first mainland-incorporated foreign bank to open a “cross-location” sub-branch in Zhongshan, Guangdong Province.
Public Bank to offer yuan accounts
Public Bank now offers Chinese Yuan Fixed Deposits and Chinese Yuan Current Accounts through an arrangement with Bank of China Berhad.
Union Bank starts move to acquire Indonesian banks
Talks with 3 to 4 small-scale Indonesian banks are part of the Indian lender's overseas expansion scheme.
Philippine Bank of Communications sale still possible
The state deposit insurer maintained hope for a possible takeover of troubled lender by March.
Canara Bank to add branch in Britain
Canara is the sixth Indian lender to set up a branch in Leicester.
BEA expands Guangdong network
BEA China followed the “cross-location” trend in Foshan with the opening of its sub-branch. The bank group became one of the first mainland-incorporated foreign banks to open a “cross-location” sub-branch in Guangdong Province.
BEA expands Guangdong network
BEA China followed the “cross-location” trend in Foshan with the opening of its sub-branch. The bank group became one of the first mainland-incorporated foreign banks to open a “cross-location” sub-branch in Guangdong Province.
BEA widens product range with constituent funds
The Bank of East Asia Limited has launched four constituent funds under its Mandatory Provident Fund schemes.
Card gives Thais same perks as Chinese
Bangkok Bank collaborated with China UnionPay to create a credit card widely accepted in China, Hong Kong, Macau and 31 other countries worldwide. Thai cardholders will receive the same privileges as local Chinese.
Maybank targets 20% stake in An Binh Bank
ABBank's selling of 5% of its stake to Maybank makes it on equal footing with HSBC.
ICICI to focus on beefing up home loans
Bank joins bandwagon on profiting from the recovery of realty sector with a promo.
Hwatai Bank recovery seen in 2 years
Hwatai Bank is expected to generate pre-loan profits in two years with less credit costs and breakeven bottom-line.
India's FC upgrade affects 14 banks
The recent upgrade of India's foreign currency deposit ceiling also improved that of its banks. Moody’s Investors Service also upgraded the long-term FC deposit ratings of 14 Indian banks to Ba1 from Ba2.
China Bank ups network to 237 branches
China Bank opened another five branches in Metro Manila to bring its nationwide branch network to 237. This excludes the six China Bank Savings branches.
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