News

Bank of Shanghai Co. said Tuesday it plans to sell up to CNY5 billion ($768 million) worth of subordinated bonds on the interbank market between May 20 and May 24 to supplement its capital.

Yet KEB said the bonuses were given as incentives for above-expected profit of $682mn, an increase of 42.3%.

The lender fights for KEB takeover as it zeroes in on the move to further its growth.

Under the agreement, Citibank Guangzhou expects to improve its ATM network management efficiency.

DBS Taiwan’s first-quarter earnings more than doubled year-on-year with record earnings of SGD 807 million or NTD 18.6 billion.

Maybank expects its debit card segment to continue growing at over 100 % this year, making it the fastest growing card segment in its stable.

Sumitomo Mitsui Banking Corp and a private equity consortium are eyeing a 25% stake in RHB Capital Bhd.

Bank Indonesia will need one more week to complete its investigation into the alleged cases of fraud at Bank Mega.

Malayan Banking Bhd's overseas operations are expected to drive its growth in the future, according to HwangDBS Research.

Many small-scale commercial joint stock banks in Vietnam have completed raising required authorised shareholder capital of at least VND3,000 billion. More have revealed new plans to raise the registered capital this year. Many small commercial banks have just completed raising the minimum required registered capital to VND3,000 billion and they actively prepare for new capital-raising plans which are scheduled to be done this year. Specifically, Housing Development Bank HD Bank will increase registered capital from VND3,000 billion to VND5,450 billion; TrustBank will hike its charter capital from VND3,000 billion to VND5,000 billion; and OceanBank will lift its capital from VND3,500 billion to VND5,000 billion.

The lender scales down target in retail banking and wealth management after disappointing quarterly earnings.

With acquisition of EONCap, the lender has greater distribution channels with additional 300 branches nationwide.

The Swiss lender is serious in its expansion in the country despite being a crowded market in serving millionaires.

BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat Malaysia Bhd to the company.

Aozora Bank achieved an annual consolidated business profit of 37bn yen, up 10.5% or 3.5bn yen year-on-year.

With over 60 billion dong profit in the first quarter of this year, Namvietbank-NVB fulfilled 22 per cent of the year's plan.