News
Korea to keep banks from inflating assets
Korea to keep banks from inflating assets
South Korea's Financial Supervisory Service will restrain local banks' attempts to excessively inflate assets. This is part of banks' startegy to maintain their financial health.
South Korea may initiate Daewoo Securities-Woori Investment merger
The merger eyed jumpstart succeeding alliances in brokerages as the industry suffers lack of global competitiveness.
China’s city lenders to reduce speed of regional expansion
China’s regulator may reassess the operations of banks’ interregional branches as it advised them to focus on their own markets of origin.
Hana’s KEB takeover deal temporarily put on hold
The FSC plans to end the Lone Star chief Paul Yoo’s stock manipulation case within the month.
RHB targets July completion of deal with Bank Mestika
The Malaysian lender seeks pending regulatory approval from Indonesia as Bank Negara Malaysia has already approved the deal last January.
Consumers spending remains strong
Retail sales value growth eased to 8.6% in February, due to the Lunar New Year holidays.
PNB net income up 61%
Higher non-interest income and trading gains pushed PNB's net income 61 per cent higher. The bank recorded an US$82 million net income in 2010 from US$50.9 million in 2009.
Siam Commercial Bank sees better first quarter profit
The lender bank sought to finalize deal for a possible merger in the petrochemical sector worth $2bn.
Bank Mandiri and AXA to buy ADB insurance
The deal will make Bank Mandiri owner of 60% of ADB’s shares while AXA will control the remaining 40%.
Kookmin Bank readies block sale of parent’s stake
Yet reports said private placement was possible rather than a block deal for the lender to unload its stake in its parent by September.
Suspended Korean savings banks to be sold
Korea’s deposit insurance agency will put most of the seven suspended savings banks up for sale. This is part of Korea's efforts to revamp the ailing financial segment.
SCB targets 75.5% after-tax profit increase
SCB is targeting an after-tax profit of US$23.39 million in 2011, up 75.5% from US$13.3 million last year. This was recently approved by its general shareholders.
China Merchants Bank mulls capital boost via external sources
The bank aims to grow its loans by 16% in 2011 as its capital adequacy ratio is lower than that of its major rivals.
Former Minister complains of too many banks in Malaysia
Former Finance Minister Tun Daim Zainuddin feels there are now "way too many banks" in Malaysia.
Maybank starts issuing initial $330.52mn Islamic sukuk
Malaysian Rating rated the sukuk AA+IS and carried a tenure of 10 years from the issue date on a 10 non-callable five basis.
Taiwan's good GDP to boost banks' growth
Taiwan's stable economic outlook and the gradual rise in interest rates could give a modest boost to local banks' net interest margins in 2011.
Bank Rakyat gets go signal to increase share capital
Bank Rakyat received Bank Negara Malaysia's approval to increase its share capital from two billion to three billion.
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