News

The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap.

Kim Eng says DBS may profit the most with $719m in 2Q11.

International Finance Corporation has loaned a record US$505 million to Vietnamese banks for the fiscal year 2011.

Asia Commercial Bank has launched a new service that allows its cardholders to transfer money to other banks through automatic teller machines.

Mizuho Financial Group Inc. is in final talks to buy a stake in Vietcombank for as much as ¥60 billion.

Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.

Bank of China announced that it has provided more than 12 billion yuan or 1.9 billion U.S. dollars of loans to support Tibet's development over the past ten years.

Maybank plans to add 120 branches in Indonesia overthe next two years.

South Korea's financial watchdog said Wednesday that it gave the green light to Spanish lender Banco Bilbao Vizcaya Argentaria S.A. to establish a branch in Seoul.

TCB and BoComm to work hand-in-hand to provide banking services as the former sets its sight on the Chinese banking market.

Korea Investment Corporation seeks to diversify investment options by tapping commodities and private equity markets.

After wrapping up the deal on selling 10 percent of stakes to the International Financial Corporation IFC, Vietinbank continues to issue more shares to the Bank of Novascotia.

Malaysian MasterCard holders spent US$76.5 million in 909,518 transactions during the first weekend of the 1Malaysia Mega Sale Carnival 2011 from June 17 to June 19.

National Pension Service’s unwillingness to participate in Woori stake purchase sale raised difficulty for three bidders to secure $6bn capital.

The lender wants to be in the forefront of innovation in banking ease by using more intuitive and user-friendly tablets. 

The lender seeks to add its private bankers to 200 by 2016 from more than 40 at present to tap Singapore’s growing ultra-rich population.