News
Moody's sees stronger franchise value in Shenzhen Development Bank
Moody's affirmed Shenzhen Development Bank's Ba2 long-term foreign currency deposit Rating. It also affirmed its D- bank financial strength rating and Not Prime short-term foreign currency rating.
Moody's sees stronger franchise value in Shenzhen Development Bank
Moody's affirmed Shenzhen Development Bank's Ba2 long-term foreign currency deposit Rating. It also affirmed its D- bank financial strength rating and Not Prime short-term foreign currency rating.
Vietnam central bank increases net capital injections
SBV adjusted the terms on the open market operations and made strong net injection of capital to support the liquidity for commercial banks.
DBS beats 4th quarter forecasts
DBS promised better returns after beating expectations with a 38 percent rise in quarterly profit.
DBS denies talks on Danamon purchase
DBS denies having talks with Temasek on buying its 68 percent stake in Indonesia's Bank Danamon .
Woori keen on M&As of Southeast Asia banks
The bank excluded China in moves as it does not allow foreign financial companies to have management rights.
Westpac targets institutional banking business expansion
The lender wants to capitalize on expected corporate lending boom by expanding institutional banking.
PNB plans to extend coverage to 4,700 villages by March '12
The lender wants to expand reach to rural masses by appointing business facilitators or business correspondents.
VietinBank's remittance service covers over 15% market share
The total amount of remittance transferred to Vietnam is estimated at about $8 billion. Of which, the total inward remittance sent to Vietnam via VietinBank reached $1.2 billion, rising 30 percent against 2009's and accounting for over 15 percent of the market share.
Hana to sell shares for KEB takeover
Hana Financial Group plans to issue shares worth US$1.25 billion in a bid to help finance its takeover of Korea Exchange Bank.
IBK net income up 5.3% on improved lending
Industrial Bank of Korea's fourth-quarter earnings rose 5.3 percent from a year earlier on improved lending margins.
Massive job cut leads to KB Financial Q4 loss
KB Financial Group swung to a loss in the fourth quarter from a year earlier due to a massive one-off charge for its job-cut program.
Vietnam banks expect to post strong profit growth
Commercial banks in Vietnam posted solid earnings in 2010 with an average growth in profit of over 20 per cent. Most of the growth is ascribed to lending and foreign exchange trading.
Vietnam bank loans to double by end 2013
Bank loans in Vietnam will double by the end of 2013 on the back of subsidized interest rate schemes and large consumer credit demand.
KT to acquire 20% of BC Card from Woori
KT seeks to take advantage of increasing use of mobile devices for payments, whose transactions amount to $37.4bn.
Bank Negara Malaysia demands Islamic banks sharia compliance
Malaysia’s central bank preserves sanctity of the country’s Islamic banking as it assures that products and services are operated under a robust sharia framework.
Bank Rakyat unveils first Islamic debit card
Orchid Card can be used with Mastercard Worldwide network for retail purchases, withdrawals and online transactions.
Vietnam President upbeat with ACB's development
Vietnam President Nguyen Minh Triett said he believed that with its advantages in capital and its professionalism, Asia Commercial Bank would develop faster and stronger. He sees it gradually expanding to penetrate regional and global markets.
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