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Westpac to focus on localised, personalised operations

Bank managers are reinstated in Westpac South Coast to serve customers with personal touch.

Westpac to focus on localised, personalised operations

Bank managers are reinstated in Westpac South Coast to serve customers with personal touch.

Chang Hwa cited for good funding, liquidity

Chang Hwa Bank's good market position, established franchise and importance to Taiwan banking system's stability is the basis of Standard & Poor’s latest ratings.

Korean Shinhan launches first branch in Vietnam

Shinhan is targeting the 90% of Vietnamese people who have yet to open a bank account with its new launch into Vietnam.

HSBC Amanah launches its initial off-site ATMs

The opening of ATMs in Suria KLCC signals the start of the bank's expanded distribution capability.

Malaysia Building Society to shell out $591mln loans

CEO Ahmad Zaini expects the loans to improve lender's liquidity.

Uncertainty prompts BEA to support SpGS extension

BEA welcomes the HKSAR Government’s six month extension of the application period for the Special Loan Guarantee Scheme. It will be extended up 30 June 2010. The HKSAR Government's total loan guarantee commitment under the SpGS will remain at HK$100 billion or US$12.8 billion.

State Bank of India to raise $300mln loan for HCL Tech

According to a source, India's largest lender plans to market the syndicated loan in UK.   State Bank of India is in talks to raise a $300 million syndicated loan for software company HCL Technologies Ltd., a person close to the development said Nov. 10 in a report in Wall Street Journal.  The loan is expected to be raised at 425 basis points above the London Interbank Offered Rate, the person told Dow Jones Newswires, asking not to be named.  The loan will have a five-year tenor and the state-run bank will market it in the U.K., the person added.

ANZ global headquarters gets environmental recognition

ANZ today announced the official opening of its global headquarters, ANZ Centre, in Melbourne’s Docklands precinct.

StanChart funds renewable energy projects in Korea

As part of its dedication to its sustainability movement, Standard Chartered will finance renewable energy projects in Korea.

Commonwealth Bank reports peak in bad debts

Commonwealth Bank said its unaudited cash profit was around 1.4 billion Australian dollars (US$1.29 billion) for the three months ended Sept. 30, according to the Wall Street Journal.

Chinatrust: Chinese banks lack financial ‘know-how’

Chinatrust Commercial Bank plans to partner Chinese banks through consumer financing education and credit card operations.

Westpac gives ‘green’ loans

Westpac is set to release US$9,200 loans to Australian homeowners to install sustainable and eco-friendly energy facilities.   The bank said Nov. 8 the loans support the Australian Government Green Loans Program and will give homeowners an opportunity to improve their energy and water use efficiency, according to The Sydney Morning Herald ."The Green Loans Program assists families to install solar, water saving and energy efficient products to reduce greenhouse gas emissions," a statement from Westpac said."It also has the potential to help around 360,000 Australian households save on energy and water bills."Westpac group executive for retail and business banking, Peter Hanlon, said the initiative was an investment into the future. "Sustainability is an integral part of Westpac's business strategy, having already reduced our emissions by 40 per cent between 1996 and 2008 with a further reduction of 30 per cent targeted by 2013," Mr Hanlon said.

Hong Leong strengthens platforms in China

Hong Leong and China Development Bank will collaborate in Malaysian and Chinese projects through a Cooperation Agreement.

CCB Asia renamed after acquiring AIG Finance HK

The deal beefs up China Construction Bank's customer base and services for small and medium enterprises.

Group on Philippine banks: Focus on domestic market

Bankers Association of the Philippines advises banks to prioritise domestic operations and refrain from risky moves.

Maybank eyes increased China trade

Maybank expects to boost growth in trade finance business with China by 15 percent with renminbi trade services at regional offices.

Fubon customers to enjoy China Life products

A series of China Life Insurance will be made available to Taiwanese and Hong Kong customers of Fubon Bank through its 22 branches in Hong Kong. A "Memorandum of Insurance Business Cooperation" has been agreed upon by the two entities.