News
CDB aims to double the $118.6B grassroots lending
China Development Bank witnessed the robust growth of grassroots finance in 2010.
CDB aims to double the $118.6B grassroots lending
China Development Bank witnessed the robust growth of grassroots finance in 2010.
ICBC starts process restructuring and service innovation
ICBC will increase core competence and maintain sustainable development through process restructuring, improved innovation and service capability.
Woori Bank to set up 4 new branches in emerging nations
The lender awaits approval from Korea regulator to put up branches in India, Brazil, Australia and Russia.
Talks on KDB-Bank Panin $1bln deal fail
Differences on the conditions presented by both parties caused failure of the KDB to buy 45% of Panin’s stake.
BoComm releases 20 bln renminbi-denominated bonds in Hong Kong
The bonds, with terms of between two years and five years, are targeted at institutional investors and individual investors.
Guoco denies plan of acquiring Bank of East Asia
Yet the conglomerate admitted it raised its stake in the bank to 10.06% from 9.98%.
Vietnam banks eye increased use of card payment services
Vietnam's commercial banks are now prioritising increased profits from card payment services. The domestic market now has 28.5 million bank cards which are mainly used just for cash withdrawals.
Vietnam's Eximbank 2010 net profit up 60%
Vietnam's Eximbank's net profit surged 60 percent to US$87 million last year.
VietinBank's 2010 net profit soars 169%
VietinBank's net profit jumped 169 percent to US$164.7 million last year. The Hanoi-based bank revealed in a finacial report that its annual lending jumped 43 per cent from 2009 to US$11 billion.
Malaysia to lead sukuk issuance in surpassing US$35B
Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest issuance level.
Moody's: Korea's MSB problems minimally affects commercial banks
Moody's believes that distress among Korean mutual savings banks will have a minimal impact on Moody's-rated commercial banks in Korea.
Cambodia ATM numbers soar as bank sector develops
National Bank of Cambodia NBC recorded that 130 new ATMs were installed by commercial banks last year. This brings the total Kingdom-wide to 501 at the end of 2010 – a rise of 35 percent on 2009.
High dollar price “feeding up” Vietnam banks
Businesses complain that the “dual foreign currency price mechanism” is still persisting.
India paves way for branchless banking
The initiative aims to cover more than 50% of the population who does not have bank accounts.
Woori Finance to acquire Samhwa Mutual Savings Bank
KDIC chooses Woori Finance to take over the lender which was suspended because of its troubled capital condition.
Hana Financial wraps up financing for KEB takeover
Hana Financial announced that it has completed raising funds to acquire a 51.02 percent stake in Korea Exchange Bank.
Korea's watchdog to support ailing savings banks
South Korea's Financial Services Commission pledged to supply liquidity and buy distressed property-linked loans to help ailing savings banks.
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