Retail Banking
Mandiri is now the majority stakeholder of AXA
51% of AXA Mandiri is now lender's subsidiary after buying additional 2 shares from NMI.
Mandiri is now the majority stakeholder of AXA
51% of AXA Mandiri is now lender's subsidiary after buying additional 2 shares from NMI.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China has given Hong Kong advantage at the mass affuent priority banking level...
Central Huijin to inject $13bln into 2 firms
China's central bank approves Central Huijin to fund ExIm Bank and Sinosure by selling bonds.
Indonesian banks fatten cash supply as festivities near
Branches allot additional cash for ATMs as Idul Fitri celebrations approach.
Regulator tightens Korean banks' internal control system checks
Frequent financial troubles plaguing lenders prompted FSS to form check list of incidents and inspect firms.
Lone Star halts $4bln KEB stake divestment
Paper reported Lone Star decided to suspend sale because of huge price gap with potential buyers.
Regulator approves ICBC's Shanghai convertible bond sale
Lender also planned a $6.6bln rights issue aside from its $3.7bln bond sale.
StanChart to beef up services for affluent Asians
Lender to employ 800 staff to woo customers from 18mln rich Asians with $100,000 to invest.
ANZ targets $3.8bln Korea Exchange Bank stake
ANZ wants to acquire 57.27% while MBK is still trying to bid for 51% of KEB.
KB Financial to shift focus to marketing
88 percent of the back office staff at Kookmin Bank to be reassigned to marketing tasks.
BPI readies $220mln for possible acquisitions
Lender on a lookout for a potential buy as part of its 5-year growth plan.
Krung Thai mulls Nok Airlines stake sale
Lender to review Nok's competitiveness and financial soundness before it would divest its 10% stake.
Regulator to consult market on NAB's AXA bid
NAB hopes to ease the concerns of the regulator through its revised offer.
HSBC appoints 3 Resources and Energy group directors
Appointees provide expertise for advisory and financing services of Asia-Pacific resources and energy sector.
Major Philippine banks may seek expansion through acquisitions
Takeover of smaller banks could take place as banks go for competitive edge.
Regulator backs Hong Leong's $1.7bln EON Cap acquisition
HLBB also earned approval from the Minister of Finance to acquire subsidiaries of EON Cap.
Hang Seng sees 30% yuan deposit growth
Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.
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