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StanChart expands dealer base in China

StanChart senior executive John Tan said the bank's addition of dealers by two-thirds in three to five years aims to intensify presence in the country.

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StanChart expands dealer base in China

StanChart senior executive John Tan said the bank's addition of dealers by two-thirds in three to five years aims to intensify presence in the country.

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DBS Bank ties up with Aviva India

The partnership would enable DBS to offer Aviva services to high net worth customers in India.

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CIMB launches exclusive structured product

CIMB Bank Bhd head of retail banking Peter England said the bank's new product aims to protect capital and ensures returns.

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NAB to issue hybrid tier 1 securities

In an effort to safeguard bank deposits, NAB looks forward to sell US$500 million in hybrid tier 1 to investors in Europe and Asia.

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HLB offers new retail deposit product

HLB personal financial services CEO Moey Tan was eying to surpass 6 percent to 8 percent average growth for the market.

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Maybank accused of under-reporting loss

DAP secretary-general Lim Guan Eng said Maybank's $225 million reporting discrepancy came from its devalued overseas investments.

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Kasikorn, Minsheng collaborate for new product

The two banks set to launch new loan plan to solve financing woes of SMEs.

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StanChart Thailand eyes to reduce risk

Stanchart targets US$1 billion worth of secured loans in 2012 by shifting its strategy.

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CCB to establish first yuan-denominated fund

CCB aims to jack up more revenues coming from sources apart from lending by raising $380 million in its first yuan-denominated private equity fund. According to a report in Ethiopian Review, CCB, through its Hong Kong unit CCB International (Holdings) Ltd, is raising over $146 million from China's wealthy individuals, after securing approximately $234 million from institutions for its CCBI Healthcare Fund, which targets healthcare firms ahead of their listings, a sales document seen by Reuters showed.

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BEA to acquire stake in Golden Eagle fund

A $4 million deal can provide Bank of East Asia Ltd (BEA) entrance into China's fund market.

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PSBank allowed to team up with Japan's Sumitomo

PSBank has been granted approval by the Philippine's central bank to invest up to 40 percent or approximately $38 billion in a joint venture with Sumitomo Corp.

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SCB to change focus beyond lending

Despite expecting 3 percent to 5 percent growth in loans this year, SCB executive chairman Vichit Suraphongchai studies ways to upgrade the bank's core system.

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CBA chief Norris' pay rises due to share based payment

Yet despite his 6 percent salary rise, CBA chief Ralph Norris' short-term incentives were cut by 10 percent due to the bank's 1 percent slide in net profit.

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ING receives bids for its Asia, Switzerland assets

The transaction aims to help ING pay its US$14.25 billion debt from the Dutch government.

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Banco de Oro posts highest AUM with $6.97B

Banco De Oro Unibank has the highest assets under management at the end of June 2009, accounting for 25.15 percent of the total or US$8.56 billion. This was an increase of 22.7 percent from the end-December 2008 level of US$6.97 billion.

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CIMB officially rebranded and listed

CIMB Group CEO Datuk Seri Nazir Tun Razak said the banks was now at "day one" with the brand change from Bumiputra Commerce complete for all 36,000 employees.

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