News

RHB Capital has received permission from Bank Negara to negotiate with CIMB Group and Maybank on merger plans.

South Korea's Woori Finance has signed a preliminary agreement for strategic partnership with China's Bank ofCommunications.

The lender opens its doors to allow customers to settle their trades in 14 exchanges in 10 countries.

Involves partial lifting of moratorium on the establishment of new banks in 8 restricted areas in nation’s premiere metropolitan area.

The lender attempts to capture Thailand, which it calls ‘the place’ in Asia for seizing growth opportunities in the region.

The move seeks to strengthen position in rural areas following the management’s dissatisfaction of the lender’s progress in these areas.

Both parties agree to extend deal for another 6 months as regulatory delays threatened to disrupt Hana's purchase of 51% stake in KEB.

The Lao-Vietnam Joint Venture Bank is a symbol of economic cooperation between the two countries, according to Vietnamese parfty official. To Huy Rua, Party Politburo member and Head of the Commission for Organisation of the Communist Party of Vietnam Central Committee made the comment while meeting with LVB staff on June 5 during his five-day working visit to Laos, starting from June 4. During the meeting, he was briefed on the operation of LVB, which is partnered by the Bank for Investment and Development of Vietnam and the Lao Bank of Foreign Trade. After 12 years of operation, LVB has attained encouraging results, contributing to the building and preservation of the special friendship as well as comprehensive cooperation between Vietnam and Laos . By the end of April, 2011, the bank has a total asset value of over 330 million USD, representing a 30-fold increase compared with that recorded in early days, with an annual growth rate of more than 25 percent. LVB has partnered with BIDV and BCEL to set up the Lao-Vietnam Insurance Company in June, 2008, which then ranked second out of six insurance companies in Laos in 2010 with annual growth rate of over 200 percent and a network covering 17 cities and provinces in the country.  

Papua New Guinea's Nationwide Microbank has signed up its 100,000th customer.

The fund was intended for investors seeking long-term capital growth on their investment to tap potentials of one of fastest growing economies.

Bank Muamalat will open three new branches to add to its existing network of 55, said its chief executive officer, Datuk Mohd Redza Shah Abdul Wahid.

China UnionPay cards will now be accepted by all automatic teller machines wned by Peru's Interbank.

Chinese banks may see their asset quality fall at some time in the future if the country's monetary tightening policies and liquidity squeezes continue.

With the Malaysian government being the biggest shareholder in both banks, this one should be a no brainer.

Movement of ex-managing director Prakash Subramanian K V and Sandeep Behl to South east Asia is part of first phase of reshuffle wave.

Maybank and CIMB has yet to begin talks with key RHB shareholders as RHB submits application to central bank.