News

Prompted by a sharp spike in Woori Bank's problem assets during the third quarter 2010, its asset quality and capital were re-evaluated prior to Moody's affirmation.

CIMB Bank has received its license to fully operate a 100 per cent owned subsidiary in Cambodia.

Government needs to subscribe big to maintain its stakeholding at the existing level.

Australian banks’ move to enable consumers to download their apps for free to check bank or savings account balances spurred mobile transaction growth.

The move has not been seen from any Indian lender since 1987.

The Australian bank to go after Woori should the KEB-Hana deal materialises.

The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing in ING and the PBB.

Crisis provided opportunity for the lender to step up its international business operations.

DBS is the only bank that has yet to meet the $6.6mln capital requirement for foreign lenders.

The bank will meet investors in 9 European cities from Nov. 17 to sell five year debt.

Deal frustrated ANZ’s intent to purchase Lone Star's 51% stake, which would have boosted its efforts to expand in East Asia.

Entrepreneurs who cannot fulfill the lending requirements can avail loans of up to $15,960.

Higher trading and foreign exchange gains, bank fees and commissions and strong contribution from key subsidiaries boosted growth.

HNB recorded a pre-tax profit of US$42 million and a post tax profit of US$25.9 million for the nine months ended September.

Bank Bukopin plans to raise up to US$ 112 million through a rights issue to finance credit expansion. The sale could potentially see the bank change hands.

State Bank of India is keen on expanding its presence in South East Asia by acquiring an Indonesian bank. The bank has allotted USD 100 million for the deal.