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NDB March net up 102%
Sri Lanka's National Development Bank group's net profit for the first quarter doubled to 605 million rupees from a year ago.
NDB March net up 102%
Sri Lanka's National Development Bank group's net profit for the first quarter doubled to 605 million rupees from a year ago.
GRG Banking, experts discuss the new era of Vietnamese Banking
Experts from six different nations gathered in Saigon Opera House last 13 May.
Affin Bank slashes down target for 2nd OMG Campaign to $653.5mn
The campaign’s was able to receive 9.7mn entries and garnered in excess of $392.1mn retail deposits growth. Affin Bank Bhd is targeting less than RM2 billion ($653.49 million) for the second Oh My Goshh! (O.M.G) deposit savings campaign to be launched on June 1.
ICICI Bank issues $1bn international bond in Dubai
The bond offering had an order book of US$2.7bn with interest from more than 220 investors.
Chinatrust mulls buying financial companies in Asia
Part of the lender’s M&A scheme is to set up subsidiaries in China or buy stakes in local banks.
Bank Mandiri to allocate 1/3 of profits for dividends
Bank Mandiri will allocate 35 percent of its net profits for dividends, amid dividend cuts by other state-run lenders.
Tin Nghia Bank ready to offer forex services
Tin Nghia Bank has been allowed by the State Bank of Vietnam to provide foreign exchange services.
NAB issues $796.5mn residential mortgage securitisation
The issue is backed by 3,976 residential mortgage loans by an NAB unit.
Union Bank goes into mutual fund business
The lender joined forces with Belgium’s KBC Asset Management to form Union KBC Asset Management Company amidst crowded mutual fund market.
EON to distribute $593.9mn balance cash proceeds among shareholders
The group announced a dividend of $1.71 per share that constitutes the first tranche of the total cash proceeds.
CIMB not keen on RHB stake
The lender plans to engage in M&A moves outside Malaysia but within the fast-growing Southeast Asia region.
Bloomberg names OCBC world’s strongest bank
Aside from OCBC, DBS and UOB also entered the list of top 20 banks, wherein Canadian banks dominate with 5 entries.
This time, Hana may target Woori for M&A
Hana picks Woori as its backup as uncertainty on the conclusion on its bid for KEB grows.
KDB sole potential buyer of Woori’s 57% stake
South Korea raises minimum stake purchase threshold to 30% as it resumes Woori’s $6bn stake sale.
HSBC needs more than 2,000 new staff in Singapore and China
The lender to add 200 employees in China yearly until 2016 and 1,000 in Singapore during the same period.
Bank of Shanghai plans issuing $768mn subordinated bonds
Bank of Shanghai Co. said Tuesday it plans to sell up to CNY5 billion ($768 million) worth of subordinated bonds on the interbank market between May 20 and May 24 to supplement its capital.
Giving big bonuses puts Korea Exchange Bank under fire
Yet KEB said the bonuses were given as incentives for above-expected profit of $682mn, an increase of 42.3%.
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