News

The move will strengthen the lender’s capital base.

The product, minimum value of US$20,000, offers a one-year rate of 1.88%.

The trust intends to provide positive returns and has an investment time frame of five years.

SME Bank approved loans totalling RM1.3 billion in September this year, said managing director Datuk Mohd Radzif Mohd Yunus.

Military Bank reported a bad debt ratio of 1.65% till the end of Q3.

The Taiwanese lender has already opened a branch in Shanghai and a financial leasing company in Suzhou.

Financial Supervisory Commission of Taiwan granted approval of operations.

The bank’s meager exposures in international areas gave is among its areas of strength.

The move to prepare Taiwan lenders to weather possible economic downturn due to US and Europe crises.

Yet profit is below expected $4.91bn while AgBank’s $5.36bn profit is above the expected $5.33bn.

The Filipino lender targets to provide Filipinos in the US the cheapest remittance service.

The lender to receive the amount by way of preferential issue of equity shares/ warrants.

AXA and Bank Mandiri will own 40% and 60% respectively in this start-up joint venture operation of Asuransi Dharma Bangsa.

Yes Bank hiked its saving rate by 2% hours after the Reserve Bank of India deregulated savings rates.

Four Taiwanese banks will be allowed by China to open branches in the country to boost financial cooperation, according to the China Banking Regulatory Commission.

BoC’s profit didn’t meet the 31.6 billion- yuan median estimate of eight analysts surveyed by Bloomberg News.