Branch Banking
StanChart Korea to shut down 27 branches
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.
StanChart set to acquire GE Money Singapore
The move is part of the GE’s plan to sell its noncore assets following the financial crisis.
ICBC to take over Bank of East Asia US unit
The first China acquisition of U.S. retail bank is a strategic move for ICBC to further its global expansion
Metrobank eyes 20 China branches in 5 years
The Philippine's Metrobank plans to have 20 branches in China within five years.
ICBC to open 5 branches in Europe
ICBC continues overseas expansion despite being slow to follow their traditional clients abroad.
Maybank studies opportunities in Indian market
It may take about 1 to 2 years for the bank to open its first branch in India.
Bank Rakyat mulls adding eight branches
7 of the proposed branches worth $327,118 each will be set up in Sabah.
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