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ACLEDA Bank heats up relocations, expansions
ACLEDA Bank's Svay Rieng Branch is the latest to be relocated in accordance with the company's relocation and expansion plan.
ACLEDA Bank heats up relocations, expansions
ACLEDA Bank's Svay Rieng Branch is the latest to be relocated in accordance with the company's relocation and expansion plan.
Bank of Ayudhya close to acquiring GE Money Thailand
Bank of Ayudhya has reached an in-principle agreement with GE Capital for the purchase of GE Money Thailand. The proposed transaction is subject to various regulatory, corporate and shareholder approvals, as well as the completion of a definitive agreement. If closed, the transaction would represent an investment of approximately Baht 13.75 billion or approximately US$391 million subject to closing adjustment.
Standard Chartered HK first in 2-way RMB trade
Standard Chartered Bank Hong Kong has completed the first cross-border trade settlement transactions in RMB. This is following the official signing of the pilot programme with Bank of China Shanghai and Bank of China Hong Kong.
BOC conducts first renminbi trade transaction in HK
Bank of China HK Limited conducted the first RMB remittance transaction in Hong Kong, which was made for the Shanghai Electric Hong Kong Co. Ltd.
Hang Seng signs renminbi deal with 2 banks
Hang Seng Bank signed an agreement with Bank of China (Hong Kong) on renminbi settlement and clearing services for cross-border trade.
Siam Commercial Bank to offer govt savings bonds
SCB takes part in the government's economic action plan by offering government savings bonds on 13 to 17 July and 20 to 21 July.
HSBC first to settle cross-border renminbi trade
HSBC, in cooperation with Bank of Communications or BoCom, became the first foreign bank to settle a cross-border trade in renminbi.
Standard Chartered among first banks in renminbi cross-border trade
The Standard Chartered Bank Hong Kong signed the agreement for the implementation of Renminbi cross-border trade settlement pilot scheme with Bank of China.
Hong Kong boosts role as renminbi centre for China
Hong Kong banks will encourage customers engaged in trade between Hong Kong and Mainland China to settle trade transactions in renminbi.
Binh Duong branch expands HSBC’s reach in Vietnam
HSBC Vietnam opened its first regional branch in Vietnam in Binh Duong—its first full service branch in operation outside Hanoi and Ho Chi Minh City.
KEB, Samsung strengthen cooperation in acquisitions
Korea Exchange Bank wants to enhance its competitiveness in mergers and acquisitions and in acquisition financing through partnership with Samsung Securities Co.
RCBC expansion hinged on acquiring mid-sized banks
Rizal Commercial Banking Corporation hopes to have 400 branches the soonest possible time by acquiring medium-sized banks.
Krung Thai Bank pursues nationwide ATM expansion
Krung Thai Bank is going to expand ATM installation points to facilitate the clients nationwide including the four southern-most border provinces.
Krung Thai Bank lends almost $880M in 5 months
KTB injected money through loans to over 40,000 retail clients with credit line of US$30 million, enabling total personal loans to grow to US$8.8 billion.
UnionBank's 5-month net income up by 44%
The net income of the UnionBank of the Philippines rose to US$28.97 million during the January-May period, or a 44 percent growth from US$20 million a year ago.
Metrobank is most financially reputable: Asia 200 survey
Metrobank ranked first in “Financial Reputation” in the Philippines by readers of The Wall Street Journal Asia, according to Asia 200. The report was based on the survey of over 2,000 executives in Asia and the Pacific.
BEA forges collaboration with Criteria and “la Caixa”
BEA has concluded a series of business cooperation agreements with Criteria CaixaCorp and Caja de Ahorros y Pensiones de Barcelona.
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