News
China Merchants seeks approval to open Taiwan office
China Merchants seeks approval to open Taiwan office
Improving China-Taiwan relations enabled lender to apply for presence in the hometown of its Taiwanese clients.
Deutsche Bank Malaysia secures international Islamic banking license
Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.
China Merchants eyes raising $3.2bln via rights issue
Move aimed to replenish capital ratio after expansion of loans and acquisition of Wing Lung.
HSBC to join Bank of Communications' rights issue
HSBC sees BoCom's fundraising move as opportunity to add its 20% stake and increase China investments.
Woori set to be privatised in 2010
Government intends to complete lender's privatisation to maximise company value amid above 300% profit growth performance.
Fitch: Taiwanese banks to see modest improvements in 2010
Fitch Ratings expects Taiwanese banks to generate slightly better earnings in 2010 as they benefit from the modest global economic recovery.
HSBC pre-tax profits down 23.9% to US$7,079 million
Group Chairman Stephen Green says the decrease is part due to the reversal of fair value accounting gains on the bank's own debt.
ANZ declines AMP's US$3.6bln stake sale offer
Bank preferred to focus on integrating ING and ‘organic growth’.
China banks' loans to foreign shipbuilders surge
Lending increased by more than 10% as banks follow government’s initiative to revitalise shipbuilding industry.
Bank Danamon 2009 net unchanged at $165.24mln
Lender’s CAR topped 20.7% as its equity grew 49% despite flat profit performance.
Maybank eyes 60% debit card transactions growth
71% jump in debit billings over past 6 months encouraged lender to target $733mln transactions.
Hong Leong Q2 profit down 13% at $66mln
Lender is upbeat Malaysia's economic recovery in second half of 2010 would provide it growth opportunities.
Celent publishes Cash Management in China report
Hua Zhang examined the rapidly developing cash management market China and trends in cash management services.
SBI plans raising $4.3bln through rights issue
Amount will be added to lender's target of $10.8bln to satisfy India's growing loans demand.
Maybank Singapore offers equity-linked structured deposit
Blue Skies Structured Deposit's US$7,094 minimum initial investment can yield maturity payout of 10%.
ICBC posts 33% growth in credit cards issued
ICBC card spending grew 76% in 2009 that made it world's fourth largest credit card issuer.
CIMB 2009 net surges to $822.2mln
Increasing input from overseas business and improved capital market operations helped boost record-high profit to $235.8mln.
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The Asian connection: China's path to sustainable growth