News

Concerns prompted Indian government to look for details of the merger.

ICICI enters a US$80 million joint venture deal with First Data.

StanChart senior executive John Tan said the bank's addition of dealers by two-thirds in three to five years aims to intensify presence in the country.

The partnership would enable DBS to offer Aviva services to high net worth customers in India.

CIMB Bank Bhd head of retail banking Peter England said the bank's new product aims to protect capital and ensures returns.

In an effort to safeguard bank deposits, NAB looks forward to sell US$500 million in hybrid tier 1 to investors in Europe and Asia.

HLB personal financial services CEO Moey Tan was eying to surpass 6 percent to 8 percent average growth for the market.

DAP secretary-general Lim Guan Eng said Maybank's $225 million reporting discrepancy came from its devalued overseas investments.

The two banks set to launch new loan plan to solve financing woes of SMEs.

Stanchart targets US$1 billion worth of secured loans in 2012 by shifting its strategy.

CCB aims to jack up more revenues coming from sources apart from lending by raising $380 million in its first yuan-denominated private equity fund. According to a report in Ethiopian Review, CCB, through its Hong Kong unit CCB International (Holdings) Ltd, is raising over $146 million from China's wealthy individuals, after securing approximately $234 million from institutions for its CCBI Healthcare Fund, which targets healthcare firms ahead of their listings, a sales document seen by Reuters showed.

A $4 million deal can provide Bank of East Asia Ltd (BEA) entrance into China's fund market.

PSBank has been granted approval by the Philippine's central bank to invest up to 40 percent or approximately $38 billion in a joint venture with Sumitomo Corp.

Despite expecting 3 percent to 5 percent growth in loans this year, SCB executive chairman Vichit Suraphongchai studies ways to upgrade the bank's core system.

Yet despite his 6 percent salary rise, CBA chief Ralph Norris' short-term incentives were cut by 10 percent due to the bank's 1 percent slide in net profit.

The transaction aims to help ING pay its US$14.25 billion debt from the Dutch government.