News
China regulator urges banks to readjust lending
China regulator urges banks to readjust lending
Lenders asked to practice strict control on lending for construction raw materials to avoid loan overcapacity.
Bank of Taiwan expects higher loan growth
Lender sees funding of Taiwan’s rail project and improved relationship with foreign banks as growth drivers.
HSBC to further extend presence in China
Expansion involves establishing rural banking in line with government’s aim of providing financial assistance outside cities.
RHB interested in engaging in M&A
Lender sees possibility of the move within the year if it would give strategic advantage.
Korea sells 9% of Woori stake at $1bln
Lender’s privatization gained headway when institutional investors acquired total of 72.54mln shares at 16,000 won each.
Bank Mandiri eyes $221mln rights issue
Move targeted to strengthen capital adequacy ratio and boost lending.
Philippine National Bank partners with Bank of China
Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business.
Guangdong Bank plans raising $2bln through share issue
Lender joins other China rivals’ share offerings by selling 3.4bln shares to restore capital before IPO.
South Korea raises $1bln by selling Woori shares
Move part of KDIC plan to reduce stake in Woori to 50% towards lender’s privatization.
India’s Union Bank hires banks for bond sale
Lender’s selection of 4 banks to offer dollar bonds part of its $2bln medium-term notes programme.
ANZ and Finance Sector Union clash
FSU argues bank's plan to open Manila operations hub could cost 100 jobs in Australia.
Agricultural Bank of China invites bids for IPO
Lender may acquire $29bln as it invited 20 bidders for China and Hong Kong IPO.
Bank Central Asia launches Islamic lending division
BCA Syariah is lender's answer to growing demand for Islamic banking of 85% of Indonesia's population.
China Construction Bank targets selling $11bln in shares
Proceeds from local private placement and Hong Kong rights offer to raise capital after credit boom.
Maybank Islamic eyes financing to grow above 18%
CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.
Affin to complete Bank Ina takeover by Q3
Malaysian bank's shareholder Boustead saw Malaysian lender's move essential to gain foothold in Indonesia.
China Construction to tighten grip on overseas operations
US$1bln exposure to Dubai World prompted lender to strictly control its bonds and loan investments abroad.
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