Branch Banking
ICBC seeks to open first Brazil branch
The lender plans to establish full service unit in Sao Paulo with an initial capital of $100mn after expansion in US and Europe.
ICBC seeks to open first Brazil branch
The lender plans to establish full service unit in Sao Paulo with an initial capital of $100mn after expansion in US and Europe.
China’s city lenders to reduce speed of regional expansion
China’s regulator may reassess the operations of banks’ interregional branches as it advised them to focus on their own markets of origin.
Shinhan targets merging of 2 Vietnamese units
The bank to tap Vietnam’s high growth potential in terms of financial services as 15% of its population has bank account.
Bank of Baroda to set up branches in New Zealand
The lender’s board had approved the expansion of the bank’s operations with two new branches in Auckland and in Wellington.
Taiwan approves CCB’s application for local office
With the approval the CCB Taiwan representative office can engage in non-operating activities like communicate with Taiwanese banking institutions...
ANZ keen on expanding in Asia through M&A
Expects profit from non-Australia and New Zealand to rise by 30% as it aims to compete head-to-head with HSBC and StanChart.
StanChart Korea to shut down 27 branches
The lender assures no job cuts despite closures as it streamlines operations as it faces escalating competition.
Laos welcomes VietinBank branch
Laos’Permanent Deputy Prime Minister Somsavad Lengsavath expressed hope that VietinBank will help boost economic ties and trade between laos and...
Taiwanese lenders scramble to establish foothold in Vietnam
The banks follow suit the migration of Taiwanese companies to Vietnam behind its low manufacturing and labor costs.
Taiwan's Fubon wants rural bank business in China
Fubon Financial is considering opening rural banks in China in an effort to tap the mainland's fast-growing rural economy.
BEA to put up 22nd branch in China
By June, Bank of East Asia will have 22 branches in the Chinese mainland.
Woori Bank to set up 4 new branches in emerging nations
The lender awaits approval from Korea regulator to put up branches in India, Brazil, Australia and Russia.
China Construction Bank keen on opening Taiwan office
CCB is the only lender among China’s to four that is yet to get approval from Taiwanese regulator.
Taiwan bank opens second Vietnam branch
Taiwan's First Commercial Bank opened its second branch in Vietnam to further expand into the emerging market.
Deutsche Bank's HCM City branch to increase capital
State Bank of Viet Nam increased the allocated capital for Deutsche Bank AG, HCM City branch, from US$24 million to $50.08 million.
Bank of Taiwan gets Taiwan regulator’s nod to open Shanghai branch
Yet the lender still needs approval from Chinese lender to complete upgrade.
PNB plans to extend coverage to 4,700 villages by March '12
The lender wants to expand reach to rural masses by appointing business facilitators or business correspondents.
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