Malaysia
Hong Leong-EON Bank merger poses problem on employees
National Union of Bank Employees hits Bank Negara’s non-consultation with union on looming merger’s adverse effects.
Hong Leong-EON Bank merger poses problem on employees
National Union of Bank Employees hits Bank Negara’s non-consultation with union on looming merger’s adverse effects.
Hong Leong Bank unveils Business Flexi FD
Product gives companies power to optimise cash flow by enabling customers to withdraw before tenure period.
ICICI Bank to focus on rural sector
Lender also plans to reduce exposure to personal loan after suffering big losses.
HSBC Amanah forecasts strong Asian sukuk sales
Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.
Moody upgrades RHB’s financial strength rating to Positive
Net interest margin improvement, more comfortable loan-to-deposit ratio, healthier capital adequacy, and management stability boosted ratings.
Affin seeks central bank's nod for EON takeover
Lender willing to offer $1.58bln worth of combined cash and shares.
New CIMB product offers dual income returns
Dual Income Insurance Plan enables customers to earn from the range accrual of KLIBOR, and equities indices of developed nations.
Hong Leong ups net income by 3.5%
The quarter ending in March 2010 shows an uptake in loan growth momentum for Hong Leong Bank. Loans growth rebounded to 8 percent year-on-year in March 2010, against 2.2 percent for the first six months ended December 2009.
OCBC sells equity fund sans upfront charges
Some analysts see the unprecedented move will be followed by other players.
EON Cap’s board accepts Hong Leong acquisition bid
Bid serves "best interest" for EON Cap after mulling on recommendations of Credit Suisse, Goldman Sachs.
HSBC Malaysia profit up 20% to $67mln
Domestic demand in banking and sustained growth in regional markets prop up net profit increase.
OCBC Al-Amin Bank eyes double-digit growth asset, profit surge
Lender confident of hitting the target as global economic recovery fosters Islamic banking growth.
Hong Leong's offer for EON Cap too low
EON's independent financial adviser Credit Suisse's statement left lender's board in dilemma.
Foreign banks step up Islamic banking expansion
Lenders eye to dominate market share via more branches, innovative products.
CIMB acquires additional stake in Indonesian unit
Malaysian lender CIMB is raising its stake in Indonesia's Bank CIMB Niaga to better capitalise on the southeast Asian nation's fast-growing economy.
Maybank seeks approval for Indonesian listing
Lender eager to expand visibility in Jakarta and add branches in other Asian countries.
OSK-UOB introduces $31mln fund for Privilege Banking clients
OSK-UOB Flexible China Solutions provides opportunities to tap the Chinese market for a minimum of $3,115 investment.
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