News

The lender offered 35mn shares at a price range of $48.8-$49.2 to meet regulations.

Bank Islam expects to exceed the RM503 million profit growth recorded during the 18-month period ended Dec 31, 2010.

Hana Financial Group has agreed to extend a deal with U.S. buyout fund Lone Star Funds to buy a controlling stake in Korea Exchange Bank.

China accounts for 20% of the Singapore state investor’s portfolio despite sale of shares in two Chinese banks.

SME Bank is on target to disburse RM1.5 billion in loans by year-end.

Bank Islam Malaysia Bhd  plans to open 32 new branches by 2014 including in Sabah and Sarawak.

The lender resorts to overseas income to compensate lethargic lending in Australia.

The company says it is keen on buying a life insurer to lessen reliance on banking revenue.

As many as 50% of issued ATMs in Vietnam are unused, according to statistics from the Vietnam Bank Card Association.

Vietnam-Germany Steel Pipe Joint Stock Co signed a short term credit contract worth 100 billion dong ABBank's Vinh Phuc branch to support its working capital.

The core Tier 1 capital adequacy ratio rose to an average 12% at end-2010, while the average loans/deposits ratio was stable at about 60%.

OCB has secured central bank permission to sell another 5 percent of stake to BNP Paribas.

Move made possible after KEB board gave Lone Star $466mn, as it approves $1.42 recent dividend payout.

An RHB official denied last week report saying that it is not in any discussion with CIMB on any potential takeover offer.

The employees’ union wants to coincide strike with the opening of Parliament session in August to protest on

Six of 17 banks in Ho Chi Minh City are struggling to slash credits for non-productive sectors to 22% of their total outstanding loans.