News

BCEL signed an agreement with Pudian Bank of China to facilitate the opening of accounts and simplify currency exchange between the two banks.

Availability of funds the allows the lender to expand network by buying medium sized banks.

The bond issuance could help to expand the bank’s funding sources and lower the cost of funding.

The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.

PNB is keen on investing in an insurance company which would offer higher stake at an attractive price.

CIMB Group Holdings Bhd's net profit for first quarter was 9.4% higher year-on-year at RM917million.

A meeting of the NRB Board of Directors on Tuesday recommended action against the former Gurkha Development Bank officials, employees and creditors as per the Banking Offense Act.

A Standard Chartered plc affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp are among bidders for a controlling stake in PT Bank Muamalat Indonesia.

The lender plans to acquire Chinese banks stakes as many as regulations allow considering future possibility of Taiwan banks being depent on the China market.

The lender sees M&A financing as a huge area of growth despite being a highly competitive product.

The lender aims to be Mainland’s top foreign bank by 2020 as it plans of M&As and IPOs.

The lender is cautiously positive in expanding in China as its central bank tightened banking reserve requirement to avert possible overheating of economy.

Affin Holdings  recorded a 20.9 per cent lower pre-tax profit of RM140.3 million for the first quarter ending March 31 against RM177.3 million from last year.

Strategic shareholders Electricity of Vietnam and Maybank have committed long-term cooperation with ABBank.

The lenders’ entry into the market could help to improve interoperability, aid price discovery and optimize the yield curve.

Vietinbank signed a cooperation contract with the Laos Development Bank for a number of financial areas like client services, credit card-issuing and trade supports.