News

The Bank of Ceylon is to spread globally first into the 27 member European Union, then North America, Australia, New Zealand, Japan, Hong Kong and Singapore.

Bank of Ceylon's March 2011 quarter net profit shot up 163.1 percent to almost 2.2 billion rupees from a year ago.

 Sri Lanka's National Development Bank group's net profit for the first quarter doubled to 605 million rupees from a year ago. 

Experts from six different nations gathered in Saigon Opera House last 13 May.

The campaign’s was able to receive 9.7mn entries and garnered in excess of $392.1mn retail deposits growth. Affin Bank Bhd is targeting less than RM2 billion ($653.49 million) for the second Oh My Goshh! (O.M.G) deposit savings campaign to be launched on June 1.

The bond offering had an order book of US$2.7bn with interest from more than 220 investors.

Part of the lender’s M&A scheme is to set up subsidiaries in China or buy stakes in local banks.

Bank Mandiri will allocate 35 percent of its net profits for dividends, amid dividend cuts by other state-run lenders.

Tin Nghia Bank has been allowed by the State Bank of Vietnam to provide foreign exchange services.

The issue is backed by 3,976 residential mortgage loans by an NAB unit.

The lender joined forces with Belgium’s KBC Asset Management to form Union KBC Asset Management Company amidst crowded mutual fund market.

The group announced a dividend of $1.71 per share that constitutes the first tranche of the total cash proceeds.

The lender plans to engage in M&A moves outside Malaysia but within the fast-growing Southeast Asia region.

Aside from OCBC, DBS and UOB also entered the list of top 20 banks, wherein Canadian banks dominate with 5 entries.

Hana picks Woori as its backup as uncertainty on the conclusion on its bid for KEB grows.

South Korea raises minimum stake purchase threshold to 30% as it resumes Woori’s $6bn stake sale.