News

Chinatrust might sign an MOU with the Bank of China for cooperation in financial services.

Bank of Singapore expects assets from European clients to double next year as they park their money in the Asia-Pacific.

The lender has no immediate plan to buy a foreign company as central bank's recent move won't affect it much.

Woori wants non-financial firms to divide the 57% stake, worth around $6bln.

ABC’s private banking service was launched in 12 provinces and cities includes Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang, Shandong, Hubei, Guangdong, Qingdao, Ningbo, Xiamen and Shenzhen.

Net profit is higher by $45mln than analysts had expected behind falling bad debt charges and higher insurance income.

Improving economy and a low interest environment spurred the lender's loan growth and noninterest income.

China Minsheng Banking Corporation recorded a 46.48 percent year-on-year increase in third quarter net profit attributable to shareholders to 4.14 billion yuan ($619.51 million), with earnings per share of 0.16 yuan ($0.02), according to a company filing.

Hana Financial is seen as a potential bidder for $6bln sale of 57% stake in Woori.

The lender expects Asia to contributing a third of profit in medium-term as KEB due diligence is nearing completion.

The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.

Despite double digit growth, third quarter profit still fell short of the $1.42bln median analysts’ estimate.

Financing income rises for the first nine months behind strong growth in all business segments.

The lender to use the proceeds to bolster its long-term targets as its CAR stood at 16.4%.

The facility to be used for financing HP’s 32-acre “next generation data centre” in Cyberjaya.

Investors bid for 20 times the bonds offered in the sale as SBI earlier targeted $112.22mln.