News
CCB targets raising $12.5bn in CNY bond sale
Borrowing costs for CNY denominated debt were “substantially lower” in Hong Kong than in China.
CCB targets raising $12.5bn in CNY bond sale
Borrowing costs for CNY denominated debt were “substantially lower” in Hong Kong than in China.
India banks cautious on mounting bad loans
Slowdown in sectors such as real estate fuelled more concerns of a potential further rise in asset quality issues.
ANZ plans raising $786mn in convertible preference shares
The shares, considered tier 1 capital under Basel III reforms, are eyed to carry an annual margin of 3.1%-3.3%.
Hong Leong Bank and Kony Solutions launches mobile banking service
The app is available in Apple iPhone's iOS, Google's Android OS and the RIM BlackBerry OS platforms.
EastWest Bank engages in microfinance via M&A
The Philippine central bank allowed the lender to convert up to 41 of the 46 Green Bank branches.
ICICI Bank’s Money2India now available on mobile
Non-resident Indians can now easily track exchange rates, as well as track their money transfer request via their mobile phones.
SBI: Business as usual even without government funding in FY2011
State Bank of India can continue its growth this financial year even if the Indian government's proposed capital infusion doesn't take place, a top executive said Tuesday.
China gives nod to 5 foreign banks for bond market
PBOC allowed foreign institutions to trade in its interbank bond market to widen the channels for offshore Renminbi to flow back into China.
Bank Mandiri adopts new Visa feature in credit cards
'Verified by Visa' feature combines e-commerce platform and security.
China banks’ combined profits amount to an amazing $57b in 1H2011
The top 5 Chinese banks knocked out their 14 largest US and European rivals.
Fitch confident about Singapore banks’ resilience
The ratings firm said Singapore banks are likely to maintain their sound credit profiles, in spite of growing uncertainty over the global economy.
Standard Chartered's growth fastest in China
Standard Chartered experienced faster expansion of its Chinese mainland business than the rest of its units in the first half of 2011.
Maybank hopes Indonesia won’t change policy on foreign shareholding in banks
Maybank hopes Indonesian ruling on bank shareholding will not be detrimental to foreign investors.
10 Chinese banks surpass expected profits in first half
Ten Chinese commercial banks reported higher-than-expected net profits of 244.7 billion yuan or 72.11 billion U.S. dollars.
Maybank targets to earn its 40% of profit outside Malaysia by 2015
And according to Reuters, it’s now looking to buy a retail bank in Thailand.
Woori Bank’s privatization likely to remain challenging over the next quarters
None of the major banks participated in the latest bidding process presumably because of the huge KRW9.3 trillion funding requirement.
Macquarie Bank enters Hong Kong
The Australian bank now has a licence from the Hong Kong Monetary Authority.
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