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ICBC stockholders okay convertible bond, share sales

Approval enables company to raise $3.7bln and to join rivals in shoring up capital.

ICBC stockholders okay convertible bond, share sales

Approval enables company to raise $3.7bln and to join rivals in shoring up capital.

50 branches for Maybank Group's 50th year

Maybank strengthened its branch network with five new branches. The move fortified its status as the foreign bank with the most number of branches in the country.

Metrobank profit up 23% to $56mln

Lender said growth attributed to approximately $33mln rise in other operating income.

Shanghai banks to begin China-Taiwan currency exchange operations

Move eases Taiwan visitors in Shanghai to convert their New Taiwan dollars to Chinese yuan.

Bank Mega picks J.P. Morgan for clearing services

Lender will use J.P. Morgan's U.S. Dollar Clearing – Asia Direct and Payment-Versus-Payment Settlement solutions.

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.

NAB shortlisted as bet for 318 RBS branches

NAB rivals Santander as they are the likely bidders after two other lenders were removed from the race.

Punjab National Bank taps Punjabi immigrants in Canada

Lender focuses on retail markets after learning from its success in British market.

Bank of the Philippine Islands seeks slower provisioning

Lender upbeat on ‘solid’ 10-15% growth in 2010 after incurring flat total revenue in 1Q.

PSBank Q1 profit up 57% at $11mln

Lender sees surge in consumer loans to continue due to improved consumer confidence.

Bank Rakyat studies potential entry in Brunei

Brunei official's invitation prompted lender to consider bringing its banking operations to the oil-rich sultanate.

Hang Seng eyes Zhongshan's HK enterprises

Hang Seng Bank officially opened its sub-branch in Zhongshan, Guangdong province. The new sub-branch offers comprehensive banking services for both business and personal customers. A full suite of financial solutions are available for different types of companies, while personal customers can enjoy one-stop wealth management services in the comfortable environment of the spacious Prestige Banking centre.

NCR named global leader in multivendor ATM software

Firm’s comprehensive software portfolio and services capabilities have helped more lenders reduce costs and grow revenue.

Agricultural Bank of China launches Australia office

Assistance from Austrade and New South Wales government paved way to lender's Sydney office opening.

Bank of India starts offering dollar bonds

Move is part of lender's goal of raising $2bln to fund its international operations.

StanChart first in HK to facilitate renminbi trade locally

Standard Chartered Bank completed the first domestic RMB trade settlement transaction outside Mainland China. It follows the latest elucidation of supervisory principles and operational arrangements regarding RMB business in Hong Kong by the Hong Kong Monetary Authority.

BEA opens 3rd Guangdong sub-branch

BEA has opened a third "cross-location" sub-branch in Huizhou, Guangdong Province. This is made possible under the liberalisation measures of Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement. The other two sub-branches are located in the cities of Foshan and Zhongshan.