News
Cambodian bank stops Vietnamese taking ATM dollars
A bank in Cambodia has stopped certain Vietnamese from getting dollars from its ATMs after a surge in withdrawals. Apparently traders are taking advantage of a drop in the black market value of Vietnam's currency, the dong.
Cambodian bank stops Vietnamese taking ATM dollars
A bank in Cambodia has stopped certain Vietnamese from getting dollars from its ATMs after a surge in withdrawals. Apparently traders are taking advantage of a drop in the black market value of Vietnam's currency, the dong.
Sri Lanka's Amana gets commercial banking licence
Sri Lanka's Amana Bank ATL.CM on Wednesday said it had received central bank approval to start the island nation's first Islamic commercial bank.
CITIC opens Singapore Branch
CITIC Bank marks a major milestone in implementing regional expansion strategy with the opeing of its Singapore branch.
Bank of Korea likely to proceed with policy normalisation
With inflation continuing to inch higher towards the pre-crises level, BOK is expected to proceed with its policy normalisation.
EastWest Bank reduces mortgage financing interest to 5.88%
EastWest Bank has recently introduced its lowest home loan interest rate of 5.88 per cent fixed for the first year.
BPI loans out entire P10-B stock rights proceeds
BPI has loaned out the entire amount of its recently-raised P10 billion capital in its 2010 loan portfolio.
Mandiri, Bulog sign agreement on online transaction services
BanMandiri will provide online transaction services for Bulog to ease its operational work. The State Logistics Agency, Bulog, will focus its efforts on providing sufficient food stocks to the country.
QNB's Bank Kesawan acquisition concluded
QNB Group announced Thursday a conclusion of a rights issue process for its acquisition of Bank Kesawan shares. QNB now owns a controlling 65.59 percent stake in Kesawan.
DBS plans putting up India subsidiary
DBS India will go retail with savings bank account, as it awaits RBI's final guidelines on foreign banks.
Woori, Shinhan, Hana bid for Samwha Mutual Savings
Korea’s regulator suspended Samwha’s operations for six months, after it failed to meet capital requirement levels.
ICICI Bank targets 500 branch openings yearly for 2-3 years
The lender’s CEO is set to be honored by the Indian government with the Padam Bhushan to recognize his leadership skills.
Woori Bank raises $610mn Samurai bonds
The lender issued three tranches of yen denominated bonds maturing in one year, 18 months and two years.
Competition regulator chief wants ANZ chief's prosecution
Samuel alleged Smith had engaged in price signalling when the latter said ANZ might increase its interest rates over and above the level imposed by the Reserve Bank.
Hua Xia Bank forecasts 50% 2010 earnings growth
Hua Xia Bank forecasts its 2010 net profit will grow 50 percent year-on-year from US$570.9 million in 2009.
ICBC to buy 80% stake in BEA US branch
Industrial & Commercial Bank of China intends to spend $140 million to acquire an 80 percent stake in The Bank of East Asia's American branch.
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