News
Moody's upgrades EON Bank
Moody's upgraded EON Bank Bhd's foreign currency long-term/short-term deposit ratings to A3/P-1 from Baa2/P-3.
Moody's upgrades EON Bank
Moody's upgraded EON Bank Bhd's foreign currency long-term/short-term deposit ratings to A3/P-1 from Baa2/P-3.
Bank of China taps Cambodian market
Bank of China started operating its Phnom Penh Branch, making it the first lender from China in Cambodia. It also became the Kingdom's 30th commercial bank.
VietinBank intensifies team up with Italy’s largest bank
VietinBank signed a deal for increased cooperation with UniCredit S.p.A., the biggest bank in Italy.
Vietcombank joins Italian group in supporting corporate clients
Italian banking group Intesa Sanpaolo and Vietcombank have signed a mutual agreement aimed at supporting corporate clients in developing internationalization plans in Vietnam and Italy.
Hong Leong-EON merger produces Malaysia's fourth largest
Hong Leong Bank Bhd has acquired EON Capital Bhd's assets and liabilities for RM5.06 billion.
KDB’s IPO may be deferred after 2011
Delay may cause serious blow to South Korea’s privatisation efforts as the fundraising strategy could provide bumper profits to the government.
OCBC Malaysia inaugurates estate planning insurance product
Premier Heritage policyholders to earn minimum interest of 2.5% per annum upon maturity when the bearer reached hundred years old.
China banks pursuing to meet capital and loan requirements
Some banks resort top paying commissions to agents to help attract short-term deposits before the end of each month to evade the regulation.
ING mulls selling Australia online banking unit
StanChart is among the lenders in talks with ING for the 12-year-old ING Direct unit with estimated value of $6.5bn.
Banco de Oro earnings up by 18%
Banco de Oro reported that its earnings for the January to March period grew by 18 per cent.
NAB steps up campaign to generate more loans
The bank believes its campaign of offering to pay the exit fees for mortgage customers who desert its competitors is key in outpacing the market.
Allahabad Bank's net profit increases by 14.74%
Allahabad Bank's net profit increased to Rs.258 crore for the quarter ended March 2011 as against Rs.225 crore in the corresponding quarter last year. This represents a year-on-year growth of 14.74 per cent.
SaigonBank expects new plan to bring VD350B profit
SaigonBank has approved the 2011 business plan in the annual general meeting with targeted pre-tax profit of 350 billion dong and dividend payment of 11 percent.
Maybank opens 10th Cambodian branch
Maybank expanded its network in Cambodia by opening its 10th branch in Kampung Cham.
RHB shortlists bidders of 25% stake to 6
Sources said Chinese suitors not keen on buying the Abu Dhabi Commercial Bank's block in the company.
Malaysian court junks suit blocking EON acquisition
Primus to appeal against court decision that clears way for EON to accept Hong Leong $1.7bn takeover offer.
China regulator belies enforcement of stricter capital rules for big banks
CBRC requires the Big 5 to keep a minimum capital adequacy ratio of 11.5% based on the Basel III global regulatory framework.
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