News

Bank Mandiri will allocate 35 percent of its net profits for dividends, amid dividend cuts by other state-run lenders.

Tin Nghia Bank has been allowed by the State Bank of Vietnam to provide foreign exchange services.

The issue is backed by 3,976 residential mortgage loans by an NAB unit.

The lender joined forces with Belgium’s KBC Asset Management to form Union KBC Asset Management Company amidst crowded mutual fund market.

The group announced a dividend of $1.71 per share that constitutes the first tranche of the total cash proceeds.

The lender plans to engage in M&A moves outside Malaysia but within the fast-growing Southeast Asia region.

Aside from OCBC, DBS and UOB also entered the list of top 20 banks, wherein Canadian banks dominate with 5 entries.

Hana picks Woori as its backup as uncertainty on the conclusion on its bid for KEB grows.

South Korea raises minimum stake purchase threshold to 30% as it resumes Woori’s $6bn stake sale.

The lender to add 200 employees in China yearly until 2016 and 1,000 in Singapore during the same period.

Bank of Shanghai Co. said Tuesday it plans to sell up to CNY5 billion ($768 million) worth of subordinated bonds on the interbank market between May 20 and May 24 to supplement its capital.

Yet KEB said the bonuses were given as incentives for above-expected profit of $682mn, an increase of 42.3%.

The lender fights for KEB takeover as it zeroes in on the move to further its growth.

Under the agreement, Citibank Guangzhou expects to improve its ATM network management efficiency.

DBS Taiwan’s first-quarter earnings more than doubled year-on-year with record earnings of SGD 807 million or NTD 18.6 billion.

Maybank expects its debit card segment to continue growing at over 100 % this year, making it the fastest growing card segment in its stable.