News

HSBC became the first locally incorporated foreign bank in Vietnam to expand its distribution network via its transaction office.

Public Bank and ING launched separate insurance plans for females and children.

CIMB created a strategic link to China with its acquisition of 19.99 percent stake in Bank of Yingkou.

Meyado Private Wealth Management has recently announced an expansion of operations as well as a relocation of offices.

Moody's revised the outlooks of the banks' financial strength ratings or BFSRs of three Singapore banks from stable to negative.

For its first nine months of operations, Canara HSBC garnered US$60.25 million in gross written premiums.

Public Bank reported a loan growth of US$1.4 billion to reach US$38.8 billion as at the end of March 2009. The growth, pegged at 4 percent, is much higher than the banking industry’s loan growth rate of 0.4 percent for the first two months of 2009.

A new mortgage plan that enables property buyers to enjoy first-year monthly installments of as low as US$430 was launched by the Bank of East Asia.

United Overseas Bank (Malaysia) Bhd has introduced the new UOB eAccount, an online savings account aimed to provide banking convenience to customers.

The Bank of East Asia (BEA) has launched a new mortgage plan offering a first-year mortgage rate of P3.28 percent (prime rate) for Emerald Green property owners.

Citibank ATM or Debit cards can now be used at AXS Stations for the payment of bills and other services.

The State Bank of India has collected half a tonne of gold from customers under a "gold deposit" scheme designed to get gold out of homes and back into circulation.

Public Bank has launched the PB Lifestyle (Phase II) - Live Up Your Life with PB Cards campaign, after receiving positive response for its More Swipes, More Rewards campaign or PB Lifestyle (Phase I).

Standard Chartered and World Bank Group member IFC have agreed to develop a $1.25 billion funding partnership to facilitate global trade finance.

HSBC's conference will focus on the advantages of tapping the 'Sukuk' bond market for infrastructure development financing.

BEA’s new China UnionPay debit card will enable customers to access ATM services at all JETCO ATMs in Hong Kong, Macau, and Mainland China.