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M&A speculations still circulating around Malaysia’s banking sector
Hwang DBS Vickers Research said there is still room for Malaysian banks to consolidate after speculations that Alliance Financial’s major shareholders will sell their 29.1% stake surfaced.
M&A speculations still circulating around Malaysia’s banking sector
Hwang DBS Vickers Research said there is still room for Malaysian banks to consolidate after speculations that Alliance Financial’s major shareholders will sell their 29.1% stake surfaced.
Korea warns against banks' big dividend payouts
South Korea's Financial Supervisory Services put the brakes on local financial groups' moves to dole out substantial amounts of dividends to their shareholders.
Banks banned from investing in ‘kimchi’ bonds from July 25
The direct impact of the new rules is on the KRW cross currency basis.
China Merchants Bank to launch $5.4bn rights issue
The lender to issue up to 2.2 shares for every 10 existing shares to comply with stricter capital requirement in China.
Maybank keen on Thai expansion
Maybank hopes to operate a bank in Thailand, said its president/CEO, Datuk Seri Abdul Wahid Omar.
United Overseas Bank Thai helps SMEs expand in Southeast Asia
With Thai government’s backing the lender will tap its regional network to bolster SMEs’ expansion.
Union Bank of India targets raising $500mn via bonds
The lender seeks to get funds from Reg S bond, allowing it to be offered to overseas investors.
SC First Bank asked to step up liquidity management
South Korea's Financial Supervisory Service ordered SC First Bank Monday to ramp up its liquidity management to minimize the impact of a bank run sparked by a prolonged strike.
Hua Nan Financial mulls setting up China leasing company
The lender seen to use its affiliate Hau Nan Bank to form a leasing firm to immediately engage in CNY-based businesses in the Mainland.
HDFC Bank unveils credit card for ultra rich
Infinia aimed to be issued to the by-invitation only to 5000 individuals that comes without spending limits.
Dong A posts 1st half pretax profit of VND676B
Dong A Bank posted a pretax profit of VND676 billion in the first six months, covering 52% of their annual target.
MasterCard campaigns for contactless payments in the Philippines
The card’s debit purchase volume in the Philippines up 47% as it posed a 46% rise in e-commerce transactions in the Southeast and South Asia markets.
AgBank eyes 45% surge in first half profit
Despite its lock-up period will begin expiring in July, none of the bank's key investors in its Hong Kong shares have hinted of selling their stake,
Moody’s optimistic M&As beneficial to Taiwan’s banking sector
Yet mergers of key players might be postponed due to the coming presidential elections.
Mobile payments to achieve mainstream status soon
More than 80% of the 150 major banks and corporate companies are studying how to harness m-payments.
BNP Paribas inks deal to raise stake in OCB
BNP Paribas inked an agreement to raise its stake in Orient Commercial Bank from 15% to 20% after obtaining approval from the central bank. The French bank will acquire 27 million shares issued by OCB to increase its chartered capital from VND2.73 trillion to VND3 trillion. BNP Paribas has been the strategic foreign investor of OCB since 2007. The two banks now have strengthened cooperation in the area of trade finance, helping OCB to link with trade centers of BNP Paribas in 80 countries worldwide.
Banco de Oro starts offering China UnionPay services
GFG Group enables the lender to harness China UnionPay transactions using its Cadencie platform.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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