News

Source says CBRC told country’s top banks to increase capital adequacy ratios by 2 percent from average.

A source says policies on foreign investments rule out possibility of China Minsheng’s UCB takeover.

Dissolving JV with Vijaya Bank and Principal Group would enable Punjab National Bank to become more competitive.

As economy improves, CEOs of other South Korea banks are eyeing to merge with KEB.

Bank Ekonomi reported profit before tax of US$33 million for the nine months to 30 September 2009. The figures represent an increase of 55 percent on the same period in 2008.

State Bank of India's effective strategies have become the key for the bank's dominance in certain sectors.

The Commercial Times reported that Chinese banks want to buy $923-million worth of Taishin stakes.

Establishment of branches in Malaysia and acquisitions in Thailand commence ICBC's Southeast Asia expansion move.

South Asia CEO wants to tap share selling that has generated $3.11 billion this year.

Siam Commercial Bank, however, expects 7 percent lending growth due to aggressive moves and better global economy.

The two banks agree  to grab opportunity of improving China-Taiwan relations to expand business.

Lack of buyer leaves PNB to acquire PNB Gilts as an option.

Soros Fund Management LLC, founded by George Soros, has spent $100 million to invest in China Minsheng Banking Corp Ltd. It plans to issue 3.82 billion H shares in an initial public offering on the Hong Kong Stock Exchange, sources reported. 

Present de facto CEO continues to adopt bottomline growth strategy introduced by his predecessor.

Standard & Poor's Ratings Services had assigned its 'A' long-term issue ratings to the Malaysian ringgit senior unsecured notes issued by Hana Bank. Hana Bank issued MYR710 million of notes or US$210 million with a maturity date of 30 December 2011, and MYR290 million or US$85.8 million of notes with a maturity date of 29 June 2012. The Republic of Korea guarantees these notes, which Hana Bank drew down under its MYR1 billion or US$296 million medium-term note program.

The two lenders grapple to slash their bad loans to comply with government's bad loans requirement.