News
Woori targets topping rivals via Hanmi Financial deal
Woori targets topping rivals via Hanmi Financial deal
Deal aimed to help Woori secure position and raise awareness among Americans.
Great Eastern and Koperasi Tentera JV bags Family Takaful licence
Licence will enable Great Eastern Takaful to distribute syariah-compliant life insurance products in Malaysian market.
Bank Negara Indonesia targets $1.1bln from rights issue
Target up from $400mln as market has become more conducive for raising funds.
Morgan Stanley applies as bidder for Woori takeover
Analysts see JP Morgan or UBS to acquire Woori among eight shortlisted bidders.
Commonwealth Bank begins India operations
Lender taps the homeland of 400,000 Indian population in Australia.
India to appoint eight bank chiefs
Move follows finance minister's appeal to ensure vacancies in state-owned banks be filled immediately.
Bank of East Asia and Affin seal MoU
MoU strengthens lenders' ability to serve customers and tap opportunities in Greater China and Southeast Asia.
China listed banks combined profit up 46%
ICBC leads banks with biggest profit for the first half at $12.42bln as lending boom reaped profits.
More Malaysian banks introduce environment-friendly technology financing
Government provided headway to nation by setting up $477.36mln Green Technology Financing Scheme.
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
ICBC, BOC profits may reflect China banking industry’s strength
Estimated more than 29% profit increase of both banks seen to improve confidence in China’s lenders.
CIMB Islamic optimistic on sukuk issuance
Lender sees product to surpass $20bln as global sukuk market is rebounding from crisis.
ANZ to study KEB for takeover bid
Analysts believe KEB shares to improve as ANZ becomes keen on carrying over the acquisition.
Maybank targets expansion beyond Singapore and Indonesia
Malaysian lender prepares for transforming itself to become top regional bank within 5 years.
Mandiri is now the majority stakeholder of AXA
51% of AXA Mandiri is now lender's subsidiary after buying additional 2 shares from NMI.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China has given Hong Kong advantage at the mass affuent priority banking level.
Central Huijin to inject $13bln into 2 firms
China's central bank approves Central Huijin to fund ExIm Bank and Sinosure by selling bonds.
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The Asian connection: China's path to sustainable growth