News
Muamalat launches Islamic dual currency investment
Bank Muamalat has launched the Islamic Dual Currency Investment, to be initially offered in the Malaysian Ringgit, Euro and US Dollars to wholesale customers, reports Bernama News.
Muamalat launches Islamic dual currency investment
Bank Muamalat has launched the Islamic Dual Currency Investment, to be initially offered in the Malaysian Ringgit, Euro and US Dollars to wholesale customers, reports Bernama News.
Two more Vietnam banks to sell gold deposits
The State Bank of Vietnam allowed 2 more commercial banks to sell gold deposits to intervene the local gold market.
Woori Finance and BBVA inks deal for strategic partnership
The South Korean lender targets expanding its sales activity in South America through its Spanish partner.
DBS beefs up debt issuance program to $15bn
The $5bn update seen to boost the program whose preceeds will be used to fund the bank’s general business.
Bank Mandiri strikes deal to join BCA ATM network
The MOU seen as a positive development toward broader and more efficient banking services in Indonesia.
CBA and union to hold talks on cost-cutting plan
Project 35 raised job loss fears as the lender aims to do business more efficiently and more effectively.
Hana willing to renegotiate with KEB if Lone Star doesn’t appeal
Hana said to have cut the agreed purchase price as KEB shares have fell sharply since the transaction was agreed..
Commonwealth Bank starts slashing costs
Through Project 35, the lender joins major banks in adjusting to a new, post-financial crisis environment.
KDB Financial keen on buying HSBC's Korean retail operations
The possible takeover will augment to KDB's flagship businesses: investment banking and corporate financing as HSBC downsizes retail business.
Bankers urge Philippine central bank to further liberalize forex rules
BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso.
ANZ Bank imposes pay cap to executives
Escalating borrowing costs and declining property prices erodes demand for mortgages in the developed world.
Philippine banks seen to withstand slowdown
The lender’s non-performing loan ratio was only 3.2% as of June as they continued to trim their soured loans and give out more loans.
Central Huijin buys China’s Big 4 stocks
The sovereign wealth fund’s support for state-owned banks spurred HKSE rally.
Sacombank Jan-Sep pre-tax profit estimated at VND 2.17T
Sacombank estimated its pre-tax profit in January-September at VND2.17 trillion unconsolidated, according to Vietnam Daily News, citing a Dau tu newspaper report.
Sri Lanka's ComBank offers transactions in Yuan
The Commercial Bank of Ceylon has enabled customers to transact in Chinese Yuan for import and export dealings with counterparts in the People’s Republic.
Southern Bank gets go-signal to hike chartered capital
The State Bank of Vietnam governor has issued a decision approving Southern Bank's application to increase its chartered capital to over 3.212 trillion dong., reports Vietnam Daily News.
Twelve Viet banks pledge not to violate deposit interest rate cap
Twelve Vietnamese commercial banks which account for 85 percent market share have reached an agreement not to exceed the deposit interest rate ceiling of 14 percent per year, according to Vietnam Daily News.
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