News
Bank of China plans raising $3bln thru refinancing
Bank of China plans raising $3bln thru refinancing
Sources report bank's scheme to replenish capital likely to receive approval from regulator.
Bangkok Bank China opens for business
Bangkok Bank China Co. Ltd., the first Thai bank to be locally incorporated in China, has opened for business.
Westpac begins offering Samurai bonds—source
The lender reissued yen-denominated bonds after a year-long hiatus due to global financial crisis.
UCO Bank plans to open 100 mobile branches
The year-long expansion will enable the bank to provide low-cost services all over the country.
UOB’s life insurance unit to be purchased by Prudential
The life insurance unit of Singapore’s second-largest lender by market value will be purchased by Prudential Plc for S$428 million ($306 million).
ICICI Bank, First Data forge partnership
The two firms synergize resources to form ICICI Merchant Services, a merchant acquiring alliance.
Sumitomo Mitsui Financial eyes sale of $8.7bln shares
Source says selling of shares is aimed to comply with more stringent capital requirement and for expansion.
Bangkok Bank eyes growth in loans to SMEs
Expected increase in small-sized loans prompts bank to focus on SME loans in 2010.
Agricultural Bank Of China awaits IPO approval
Government's nod for IPO in Shanghai and Hong Kong could raise $22 billion for the bank.
Maybank Cambodia eyes early turnaround for 7th branch
Maybank is targeting a turnaround in the second year of operation for its new Toul Kork branch.
Indian banks have 40,000 job vacancies
Indian public sector banks need to fill in vacancies caused by business expansion, resignations and retirements.
HSBC to return headquarters to Asia
Movement from London to Hong Kong will enable the lender to concentrate on Asian markets.
Hang Seng to open Foshan branches
Hang Seng Bank received permission from the China Banking Regulatory Commission to open its first cross-city sub-branch.
South Korean banks reveal 2010 plans
Big lenders are readying for fresh challenges as economy rebounds from crisis.
China regulator issues $73bn capital requirement for banks
Chinese banks are pressured to fund their 2010 loan growth through bond or equity issuance.
Oriental Bank of Commerce plans putting up HK office
Hong Kong opens colossal break in OBC's global expansion efforts.
Pre-payment penalty for Axis Bank home loans removed
Axis respects customers' right of choice even when they shift a loan to a competing bank.
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The Asian connection: China's path to sustainable growth