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ICBC's aggregate assets overseas surpass US$100B
ICBC's aggregate assets overseas surpass US$100B
ICBC's aggregate assets in overseas subsidiaries rose 37.2% over the end of 2010 to USD 103.869 billion at the end of June. In the January-June period of 2011, overseas subsidiaries of ICBC posted a USD 735 million pre-tax gain, rising 43.0% year-on-year and chalking another historic high. As related by an executive with ICBC, up to end of June, the Bank has 220 overseas subsidiaries in 29 countries/regions and a global network of 1,516 correspondent banks in 134 countries/regions spreading over five continents of Asia, Africa, Europe, America and Australia for the better delivery of services to customers in different markets across the world.
OCB to increase chartered capital to VND3T
Orient Commercial Joint Stock Bank has received approval from the governor of State Bank of Vietnam to raise its chartered capital to 3 trillion dong.
Habubank raises chartered capital by over VND1T
Habubank finished hiking its chartered capital from 3 trillion dong to 4.05 trillion dong and officially registered the new chartered capital in Hanoi Department of Planning and Investment from September 9, 2011.
Citibank in Malaysia targets 100,000 new cardholders
Citibank Bhd expects to attract 100,000 new cardholders over the next three years with its newly-enhanced Giant-Citibank Credit Card.
Sacombank launches Vietnam’s first wholly owned overseas bank
Sacombank became the country’s first banking institution to launch a wholly owned incorporation in a foreign country with its Cambodia unit.
SBI will not raise lending rate
The lender believes the move will make it uncompetitive.
Siam Commercial Bank retains 18% loan growth target in 2011
The lender still optimistic of the goal despite expected slowing down of lending growth in the fourth quarter.
Westpac earns $1.5bn in residential mortgage securities
Australia’s top 4 banks, which include Westpac, hold $1tn loans portfolio in mortgages.
Malaysia aims to become global Islamic finance centre
The government targets further enhancing stakeholders' confidence and enhance the integrity of the Islamic financial industry.
RHB-OSK merger yet to get Bank Negara’s nod
Analysts believe Malaysia’s central bank’s approval will come if it will be supportive of consolidation of the banking sector.
Thailand allows 5 foreign banks to offer baht bonds
BNP Paribas, Banco Santander Chile, Westpac, Svenska Handelsbanken, and Woori Bank can already sell a combined $1.1bn baht-denominated bonds.
Japan’s megabanks receives $43bn credit offer for M&A abroad
The offer is part of a government program releasing $100bn of forex reserves to JBIC to spur purchases overseas.
Hana Financial to push for KEB takeover after ruling
Hana awaits South Korea financial regulator’s next move, which may include orderingLone Star to sell most of its 51 percent stake.
Malaysia to boost efforts to become Global Islamic Finance hub
Malaysia will continue its efforts to strengthen its position as an international Islamic financial centre and contribute towards the internationalisation of Islamic finance.
DBS to slash Singapore dollar deposits rates
Lending activity has started to ease off as banks become more careful.
OCBC woos customers defecting from French banks
The lender wants to gain share from defectors who withdrawn billions of their investments from French lenders.
Commonwealth Bank resolves class action suit
The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.
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