Retail Banking

CIMB Niaga to sell $162mln worth of bonds

CIMB Niaga to sell $162mln worth of bonds

Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.

ANZ hires Morgan Stanley as acquisition adviser

ANZ eager to acquire Bank Panin for $1.3bln as Gunawan family sells 46% of Indonesian lender.

Punjab National Bank hires banks for $100mln loan

PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.

Fitch upgrades Taiwanese state-controlled banks' national short-term ratings

Revised ratings for 3 lenders due to their strong liquidity position.

MBK Partners eyes bidding for KEB stakes

Reports say company in initial stage of negotiation to acquire 51% KEB stake amounting $3.6bln.

ANZ says it didn’t bid for KEB stake

Lender belied reports saying lender joined StanChart in bidding for Lone Star's 51% KEB stake.

Moody’s: Hurdles remain for Japanese banks

Japanese banks have overcome the stress scenario in 2008 but still has low operating profits relative to balance sheets.

Analysts debate on next KB Financial chair's qualification

Discussion revolves on whether next chair needs to have strong government connections or not.

China Minsheng gains approval for subordinated bonds offering

The $849mln bonds issuance is expected to realise 12% capital adequacy.

Moody upgrades RHB’s financial strength rating to Positive

Net interest margin improvement, more comfortable loan-to-deposit ratio, healthier capital adequacy, and management stability boosted ratings.

New building symbolises BEA's commitment to mainland

BEA China opened  its new Head Office Building in Lujiazui, Pudong New Area, Shanghai.

Bank Ekonomi increases 1Q profits by 30%

Bank Ekonomi reported profit before tax of US$17 million for the three months to 31 March 2010. It is  an increase of 50 percent on the same period...

Affin seeks central bank's nod for EON takeover

Lender willing to offer $1.58bln worth of combined cash and shares.

China government approves banks’ fund raisings

Lenders given go signal to raise multibillion dollars to fill up huge capital shortfall.

Bank of Shanghai plans selling $175.66mln shares

Proceeds from the domestic IPO aimed to help fill up capital deficit of $5.12bln.

NAB to seek Axa Asia asset buyers

Lender in negotiation to dispose assets to win approval of Australia’s regulator.

KTB reveals measures to unburden customers

Krung Thai has determined remedies to soften the impact from the political unrest on clients. The bank will be extending the repayment period, use...