News

The company eyes selling 66.74mn new common shares at $7.70 each.

The part of the lender’s school banking program is putting up miniature banks in target 68 schools.

DBS has in turn acquired a 7.25% interest of the enlarged Nikko AM.

The Agricultural Bank of China recorded cross-border RMB settlement volume of RMB121 billion by end of August, including an increase of RMB89.15 billion or increase rate of 1156% in 2011.

ICBC's aggregate assets in overseas subsidiaries rose 37.2% over the end of 2010 to USD 103.869 billion at the end of June. In the January-June period of 2011, overseas subsidiaries of ICBC posted a USD 735 million pre-tax gain, rising 43.0% year-on-year and chalking another historic high. As related by an executive with ICBC, up to end of June, the Bank has 220 overseas subsidiaries in 29 countries/regions and a global network of 1,516 correspondent banks in 134 countries/regions spreading over five continents of Asia, Africa, Europe, America and Australia for the better delivery of services to customers in different markets across the world.

Orient Commercial Joint Stock Bank has received approval from the governor of State Bank of Vietnam to raise its chartered capital to 3 trillion dong.

Habubank finished hiking its chartered capital from 3 trillion dong to 4.05 trillion dong and officially registered the new chartered capital in Hanoi Department of Planning and Investment from September 9, 2011.

Citibank Bhd expects to attract 100,000 new cardholders over the next three years with its newly-enhanced Giant-Citibank Credit Card.

Sacombank became the country’s first banking institution to launch a wholly owned incorporation in a foreign country with its Cambodia unit.

The lender believes the move will make it uncompetitive.

The lender still optimistic of the goal despite expected slowing down of lending growth in the fourth quarter.

Australia’s top 4 banks, which include Westpac, hold $1tn loans portfolio in mortgages.

The government targets further enhancing stakeholders' confidence and enhance the integrity of the Islamic financial industry.

Analysts believe Malaysia’s central bank’s approval will come if it will be supportive of consolidation of the banking sector.

BNP Paribas, Banco Santander Chile, Westpac, Svenska Handelsbanken, and Woori Bank can already sell a combined $1.1bn baht-denominated bonds.

The offer is part of a government program releasing $100bn of forex reserves to JBIC to spur purchases overseas.