News

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.

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. 

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.