News
Thailand banks' profits surge as loans recover
Thailand banks' profits surge as loans recover
Kasikornbank, Kiatnakin, Siam City, Tisco among local lenders that reaped growth despite political unrest.
StanChart and HSBC to launch higher-yielding RMB products
Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.
Maybank seeks 53% additional mobile banking customers
Enhanced M2U mobile capabilities aimed to capitalise on Malaysia's impressive 37% jump in smartphone sales.
HDFC Bank targets more than 20% loan surge
Improving business and consumer confidence in economy helped lender meet its Q1 forecast.
State Bank of India spearheads airlines' debt restructuring
India's central bank to discuss with 13 banks about $13.5bln loan of country's aviation sector.
China's Agricultural Bank's rural micro-credit loans expand rapidly
Lender achieved 23% micro-credit growth to $12.2bln from $9.93bln to help 15mln farmers.
Woori expected to be privatized this month
Public Fund Oversight Committee seen to outline a strategy after postponement due to European debt crisis.
StanChart to begin AgriBank partnership in Hong Kong
StanChart's will offer advice to AgriBank on conducting business on its home market after investing $500mln.
MBK mulls bidding for 51% of KEB stake
Lone Star's sale could be delayed due to its inability to attract bidders behind global uncertainties.
Bank Of Communications culminates Hong Kong rights issue
BoComm was able to raise $2.29bln from the H-shares offering.
China Construction Bank spearheads unprecedented private sector loan
CCB-led consortium granted $959.62mln loan to AsiaAlum in a much needed financing to weather the crisis.
Bank Negara approves CIMB's stake purchase
CIMB Group will issue 134 million shares to Khazanah Nasional to acquire CIMB Niaga stakes.
New KB Financial Chairman slams company inefficiency
Vows to bring group back into shape as cost-to-income ratio rose to 54% last year.
Fitch affirms Hong Leong at BBB+
Places EON on positive watch as rating company takes into account HLB's planned $2.18bln EON takeover.
National Australia Bank injects $582mln to British unit
British regulators stepping up pressure to increase capital to protect lenders from crisis.
Central Huijin to issue bonds to raise $17.7bln
To spend 80% of proceeds of bond market entry to invest in Chinese banks' financing initiatives.
Taiwan central bank urges lenders to prevent speculation
Governor Perng alarmed at speculative investors who bought 200 houses using money from bank loans.
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