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Temasek still keen on China despite $3.6bn shares sale
China accounts for 20% of the Singapore state investor’s portfolio despite sale of shares in two Chinese banks.
Temasek still keen on China despite $3.6bn shares sale
China accounts for 20% of the Singapore state investor’s portfolio despite sale of shares in two Chinese banks.
SME Bank on target for RM1.5 B loan dispersal
SME Bank is on target to disburse RM1.5 billion in loans by year-end.
Bank Islam eyes 32 new branches by 2014
Bank Islam Malaysia Bhd plans to open 32 new branches by 2014 including in Sabah and Sarawak.
Commonwealth Bank keen on expanding in Indonesia
The lender resorts to overseas income to compensate lethargic lending in Australia.
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.
Half of Vietnam's ATM cards remain unused, says VBCA
As many as 50% of issued ATMs in Vietnam are unused, according to statistics from the Vietnam Bank Card Association.
VGS and ABBank sign 100b dong credit contract
Vietnam-Germany Steel Pipe Joint Stock Co signed a short term credit contract worth 100 billion dong ABBank's Vinh Phuc branch to support its working capital.
Philippine banks to remain stable on improving domestic economy
The core Tier 1 capital adequacy ratio rose to an average 12% at end-2010, while the average loans/deposits ratio was stable at about 60%.
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.
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
Vietnam banks struggle to lower non-manufacturing sector loans
Six of 17 banks in Ho Chi Minh City are struggling to slash credits for non-productive sectors to 22% of their total outstanding loans.
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.
ICBC provides petty loans for individual industrial and commercial households
ICBC rolled out the pilot service of personal petty loans to meet their funding needs, providing small RMB loans for their short-term working capital.
ABC teams up with Taiwan Cooperative Bank
ABC and Taiwan Cooperative Bank will enter into comprehensive cooperation in corporate banking, investment banking, treasury operations, trade finance, custody business, risk management, information exchange and personnel training.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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