News
South Korea regulator pushes for Woori sale
The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.
South Korea regulator pushes for Woori sale
The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.
Punjab National Bank seeks buying 33% of MetLife India stake
PNB is keen on investing in an insurance company which would offer higher stake at an attractive price.
CIMB Q1 net profit up 9.4%
CIMB Group Holdings Bhd's net profit for first quarter was 9.4% higher year-on-year at RM917million.
Action recommended against ex-Gurkha Bank officials
A meeting of the NRB Board of Directors on Tuesday recommended action against the former Gurkha Development Bank officials, employees and creditors as per the Banking Offense Act.
StanChart affiliates, OCBC eye Bank Muamalat
A Standard Chartered plc affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp are among bidders for a controlling stake in PT Bank Muamalat Indonesia.
Hua Nan Bank plans buying stake in Fujian Haixia Bank
The lender plans to acquire Chinese banks stakes as many as regulations allow considering future possibility of Taiwan banks being depent on the China market.
StanChart keen on expanding India’s M&A financing
The lender sees M&A financing as a huge area of growth despite being a highly competitive product.
Hana Bank plans starting globalization route in China
The lender aims to be Mainland’s top foreign bank by 2020 as it plans of M&As and IPOs.
Kasikornbank to allot 250% more loans to China SMEs
The lender is cautiously positive in expanding in China as its central bank tightened banking reserve requirement to avert possible overheating of economy.
Affin pre-tax profit down in Q1
Affin Holdings recorded a 20.9 per cent lower pre-tax profit of RM140.3 million for the first quarter ending March 31 against RM177.3 million from last year.
EVN, Maybank ink long-term cooperation with ABBank
Strategic shareholders Electricity of Vietnam and Maybank have committed long-term cooperation with ABBank.
16 listed China banks return to exchange bond market
The lenders’ entry into the market could help to improve interoperability, aid price discovery and optimize the yield curve.
Vietinbank signs cooperation contract with Laos Development Bank
Vietinbank signed a cooperation contract with the Laos Development Bank for a number of financial areas like client services, credit card-issuing and trade supports.
ANZ opens signature priority banking branch in Hanoi
ANZ today opened a Signature Priority Banking branch in Hanoi, providing greater convenience to its affluent retail banking customers in Vietnam.
Bank of Ceylon to expand globally
The Bank of Ceylon is to spread globally first into the 27 member European Union, then North America, Australia, New Zealand, Japan, Hong Kong and Singapore.
Bank of Ceylon Q1 net up 163%
Bank of Ceylon's March 2011 quarter net profit shot up 163.1 percent to almost 2.2 billion 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.
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