News

ACB becomes first Vietnamese bank to offer money transfer via ATMs

Asia Commercial Bank has launched a new service that allows its cardholders to transfer money to other banks through automatic teller machines.

ACB becomes first Vietnamese bank to offer money transfer via ATMs

Asia Commercial Bank has launched a new service that allows its cardholders to transfer money to other banks through automatic teller machines.

Mizuho eyeing 20% stake in Vietcombank

Mizuho Financial Group Inc. is in final talks to buy a stake in Vietcombank for as much as ¥60 billion.

Narev appointed CEO of Commonwealth Bank of Australia

Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.

BOC loans help support Tibet's development

Bank of China announced that it has provided more than 12 billion yuan or 1.9 billion U.S. dollars of loans to support Tibet's development over the past ten years.

Maybank to add 120 Indonesian branches in 2 years

Maybank plans to add 120 branches in Indonesia overthe next two years.

Spain's Banco Bilbao allowed to open Seoul branch

South Korea's financial watchdog said Wednesday that it gave the green light to Spanish lender Banco Bilbao Vizcaya Argentaria S.A. to establish a branch in Seoul.

Taiwan Cooperative Bank and BoComm ink pact

TCB and BoComm to work hand-in-hand to provide banking services as the former sets its sight on the Chinese banking market.

South Korea wealth fund targets broadening investments options

Korea Investment Corporation seeks to diversify investment options by tapping commodities and private equity markets.

Vietnamese banks seeking foreign partners

After wrapping up the deal on selling 10 percent of stakes to the International Financial Corporation IFC, Vietinbank continues to issue more shares to the Bank of Novascotia.

Malaysian Mastercard holders spend US$68 M in one weekend of shopping

Malaysian MasterCard holders spent US$76.5 million in 909,518 transactions during the first weekend of the 1Malaysia Mega Sale Carnival 2011 from June 17 to June 19.

Woori’s privatization hits snag anew

National Pension Service’s unwillingness to participate in Woori stake purchase sale raised difficulty for three bidders to secure $6bn capital.

StanChart to replace PCs with iPads

The lender wants to be in the forefront of innovation in banking ease by using more intuitive and user-friendly tablets. 

United Overseas Bank to beef up private banking unit

The lender seeks to add its private bankers to 200 by 2016 from more than 40 at present to tap Singapore’s growing ultra-rich population.

StanChart to retain stake in AgBank

The lender’s CEO expressed satisfaction in its collaboration with the Chinese lender amidst speculation that foreign stakeholders may divest stakes in mainland banks.

South Korea top banks tap insurance market

Sagging profits the nation’s top 4 prompted them to hire more employees to boost insurance business.

Fast CBA deals helps boost our growth—BPI

Industrial peace make the lender rake in more profits amid fierce competition in the industry.

Malaysia mulls to add leniency to foreign banks’ expansion

Bank Negara Malaysia opened up a wider door for Southeast Asian banks to add number of branches.