Branch Banking
Taiwan expands banking reach in SEA
Taiwan expands banking reach in SEA
Taiwan's Financial Supervisory Commission, the banking industry regulator, reports that Taiwan’s banks are expanding into Southeast Asia on a massive...
Korean banks focus on 3 wealthy Seoul districts
Nearly 30 percent of all bank branches in Seoul were found to be concentrated in three wealthy Gangnam areas--the districts of Gangnam, Seocho and...
S. Korea's IBK to serve 6 continents by year-end
Industrial Bank of Korea will open offices or cooperate with banks on all six continents by year-end, according to its CEO Cho Jun-hee.
China now hosts 14 HK bank branches
There are now 14 Hong Kong-based bank branches on the Chinese mainland nine years after the signing of a key economic plan.
Vietnam to tighten regulations on bank branch openings
The State Bank of Vietnam is now creating regulations on procedures for establishing, changing the names and/or location and ending operation of a...
India's Corporation Bank to open 300 branches
Corporation Bank will open 300 branches mainly in states like Gujarat, Rajasthan, Bihar, Punjab, Orissa and Jharkhand.
China's Big Four urged to grow bigger abroad
The government is urging its Big Four state-owned banks to ramp up overseas expansion to strengthen their global competitiveness.
Malaysian banks continue expansion into China
Five of Malaysia’s 10 so called “anchor banking groups” are already doing business in China.
Indian and Pakistani banks opening in each other’s country
Pakistan and India have agreed to allow bank operations on a reciprocal basis to facilitate trade between both countries that have a history of...
Bank of China becomes clearing settlement bank for CME
The New York branch of the Bank of China will become a clearing settlement bank and collateral custodian of CME Group, subject to regulatory approval...
China Construction Bank to open in Luxembourg
China Construction Bank, the world's second largest by market value, will soon open a subsidiary and a branch in the Grand Duchy of Luxembourg.
Hana to add another Indonesian bank
Hana Financial Group is set to acquire a major stake in an as yet unnamed Indonesian bank to further expand into Indonesia’s robust banking sector.
Philippines' BDO to add as many branches as possible
Banco De Oro plans to add as many branches that it could handle to its 740-plus network.
More Asian banks to do business in Australia as foreign banks exit
But are Australian businesses open to engaging with banks such as CIMB, ICBC, and CCB in the domestic market?
Offshoring popular among Hong Kong banks
An Asia-wide survey of the financial services sector found that 63% of Hong Kong banks and financial companies believe offshoring effective.
Union Bank of India branches to reach 3,500 by March
Union Bank of India plans to increase number of branches from around 3,200 to 3,500 by March, 2013.
India's PNB files application to operate in Pakistan
Punjab National Bank has filed an application to open branches in Lahore and Karachi.
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