Wholesale Banking
Bank Rakyat takeover of Bank Agro nears
$44mln acquisition in final stages after administrative problems have delayed acquisition plan due last year.
CCB may complete $11.6bln rights issue in October
Rivals ICBC reported to conduct up to $6.63bln rights issue while BoC seeks approval from regulator.
State Bank of India raises $1bln notes sale
Bonds to be issued through SBI's London branch and would be listed on Singapore Exchange.
NAB hits rivals on neglecting business credit
Commonwealth retaliated with claim that NAB performed dismally and foregone opportunity when mortgage market boomed.
State Bank of India sells dollar-denominated bonds
$850mln of five-year bonds SBI sold in October dropped to lowest in at least a month.
HDFC Bank targets more than 20% loan surge
Improving business and consumer confidence in economy helped lender meet its Q1 forecast.
Woori expected to be privatized this month
Public Fund Oversight Committee seen to outline a strategy after postponement due to European debt crisis.
StanChart to begin AgriBank partnership in Hong Kong
StanChart's will offer advice to AgriBank on conducting business on its home market after investing $500mln.
MBK mulls bidding for 51% of KEB stake
Lone Star's sale could be delayed due to its inability to attract bidders behind global uncertainties.
Uco Bank expects 33.4% FY2011 profit surge
Lender expects $289mln FY11 net profit driven by credit growth from large and mid-corporate sector.
Bank Negara approves CIMB's stake purchase
CIMB Group will issue 134 million shares to Khazanah Nasional to acquire CIMB Niaga stakes.
New KB Financial Chairman slams company inefficiency
Vows to bring group back into shape as cost-to-income ratio rose to 54% last year.
Taiwan central bank urges lenders to prevent speculation
Governor Perng alarmed at speculative investors who bought 200 houses using money from bank loans.
Thailand to appoint Prasarn Trairatvorakul as central bank head
With years of experience in the private sector, the Kasikornbank president is eyed as the next Bank of Thailand governor.
ANZ quits Korea Exchange Bank bid due to conflicts
ANZ leaves Nomura and MBK Partners as bidders due to tension between North and South Koreas.
New Zealand endorses NAB’s bid for AXA APH
NAB’s takeover of $284mln AXA APH assets still needs nod from NZ's Commerce Commission.
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