News

The lender’s SME loan processing centres facilitate loan applications with credit requirement ranging from $55,666 to $5.57mn.

The new line-up to prepare the lender to take advantage on growth opportunities in the country and region.

But Japanese banks should have little problem getting their tier 1 capital up to 7% through profits, says Fitch.

Total system credit financing also increased by 71% to Rmb26.7 tn during 2009 and 2010.

Macquarie, adviser for the merger, would submit its recommendation to the bank after it completed its evaluation.

CIMB plans to have talks with Aabar Investments regarding the merger.

The rating agency said the rise in rating was in line with the upgrade of the Philippines' foreign currency deposit ceiling to Ba2 from Ba3.

Fitch says non-bank financial institutions will likely be more affected by it.

A lawyer for LSF-KEB Holdings SCA, which holds Lone Star's stake in KEB, said the fund had not deliberately manipulated KEB unit’s stock prices.

Employees demand that the lender should cease adoption of an incentive-based salary system, which is seen to cut salaries by as much as 46%

The average ratio of non-performing loans of the 17 listed banks reduced from 1.58% at the end of 2009 to 1.14% at the end of 2010, says Ernst & Young.

The licenses would give more access to China’s interbank market where foreign companies such as UBS Securities and Goldman Sachs Gao Hua Securities are already underwriting bonds.

Setback in $240mn Hanmi takeover seen to affect Woori's plans for overseas expansion.

The Australian bank to give a full range of Indian Rupee and foreign currency banking services.

FSC takes note of financial investors’ concern that the formation of a giant state bank could reverse competitiveness of South Korea’s banking sector.

The lender’s Malaysian presence in Malaysia will foster the financial linkages between Kuala Lumpur and Banrain and to develop the Islamic financial system in the country.