Retail Banking
RHB still seeks for merger partner
RHB still seeks for merger partner
RHB maintains interest in M&A even after Maybank and CIMB dropped the plan.
Kookmin Bank divests $1.7bln of its KB shares
The lender offered 35mn shares at a price range of $48.8-$49.2 to meet regulations.
Bank Islam confident of maintaining growth momentum this year
Bank Islam expects to exceed the RM503 million profit growth recorded during the 18-month period ended Dec 31, 2010.
KEB sale price reduced, deal extended
Hana Financial Group has agreed to extend a deal with U.S. buyout fund Lone Star Funds to buy a controlling stake in Korea Exchange Bank.
KB Financial targets buying a life insurance company
The company says it is keen on buying a life insurer to lessen reliance on banking revenue.
GPBank eyes gross profit growth of 64%
GPBank passed the plan for this year's target of 35 trillion dong in total assets up 26 percent.
BNP Baribas to raise OCB stake to 20 %
OCB has secured central bank permission to sell another 5 percent of stake to BNP Paribas.
Hana seeking a lower price of $4.3bln in KEB bid
Move made possible after KEB board gave Lone Star $466mn, as it approves $1.42 recent dividend payout.
State Bank of India appoints Lax Seshan as UK marketing chief
Seshan will lead the bank’s push to promote its expansion across Britain.
StanChart appoints Neeraj Swaroop as Southeast Asia head
Current India and South Asia chief may relocate in next three months to Singapore, replacing Ray Ferguson.
RHB and CIMB refute merger talks
An RHB official denied last week report saying that it is not in any discussion with CIMB on any potential takeover offer.
India’s public sector bank employees defers strike
The employees’ union wants to coincide strike with the opening of Parliament session in August to protest on
Maritime Bank to settle foreign currency transaction for EVN
Maritime Bank will settle foreign currency transactions for Electricity of Viet Nam subsidiary, Northern Power Company, and arrange capital for the...
VIB expects gross profit increase of 76%
Vietnam International Bank expects its gross profit to jump 76 percent this year to nearly 1.85 trillion dong or $90 million.
Smaller players catching up with China’s big four
The big four have seen their share of all local retail deposits slide from 66% in 2004 to 58% in 2011.
RHB Capital targets taking over CIMB
Should the deal take place, it would generate a combined market value of $28.5bn.
Bangla banks financing SMEs, agri required to utilize solar energy
The Bangladesh Bank made it mandatory for banks which want to finance the SME and agricultural projects to set up solar power panels for providing...
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The Asian connection: China's path to sustainable growth