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BNP Paribas and Sacombank signed Service Agreement in Cash Management
Under the Agreement, BNP Paribas will offer cash management services to its local and multinational customers through Sacombank’s branch networks in Vietnam.
BNP Paribas and Sacombank signed Service Agreement in Cash Management
Under the Agreement, BNP Paribas will offer cash management services to its local and multinational customers through Sacombank’s branch networks in Vietnam.
South Korea regulator urged to scrap Hana-KEB deal
Supreme Court’s recent ruling and labor union protests threaten to veto the merger.
CIMB Niaga’s credit card holders grow 45%
Aggressive push from the lender’s high-ranking officials added holders to 1mn.
NAB buys 35% stake in New York property fund manager
The move is part of the lender’s wealth strategy of investing in real estate business.
SBI plans expansion in Africa and Southeast Asia
The lender plans to allot $200mn on overseas acquisitions and targets on banks with strong corporate banking services.
Hana to pay addtional $79M for KEB takeover
Hana Financial Group is expected to pay an additional US$79 million to U.S. buyout firm Lone Star for the r Korea Exchange Bank takeover.
China banks ordered to "properly handle" mortgage loans
The China Banking Regulatory Commission ordered banks to "properly handle" problems related to housing loans and protect the rights of customers while improving risk management.
ADBC to issue 400B yuan in bonds in 2011
Agricultural Development Bank of China plans to issue 400 billion yuan, 60.6 billion U.S. dollars, in bonds in 2011.
Metrobank posts 39% net profit growth in 2010
Metrobank posted a 39 per cent growth in its net profit in 2010. This is attributed to a surge in non-interest earnings. Officials disclosed that Metrobank earned US$193.55 million.
Vietnam banks warned for violating interest rate regulations
The State Bank of Viet Nam warned leaders of Kien Long Bank and Western Bank for interest rate violations.
ICBC anticipates growth in consumer loans
Industrial and Commercial Bank of China expects significant growth in its personal consumer loan business over the next five years.
RCBC to sell minority stake to boost capital
RCBC is selling a minority stake worth about $100 million to an undisclosed investor as part of efforts to boost its capital.
Taiwanese lenders scramble to establish foothold in Vietnam
The banks follow suit the migration of Taiwanese companies to Vietnam behind its low manufacturing and labor costs.
National Australia Bank taps China market
Its collaboration with China Huarong Asset Management aims to focus on wealth management, insurance and rural lending.
Rabobank seeks to beef up Australian presence
The Dutch banker taps Australia’s rural banking market as it recruit staff for its expansion in the country.
Taiwan's Fubon wants rural bank business in China
Fubon Financial is considering opening rural banks in China in an effort to tap the mainland's fast-growing rural economy.
Habubank posts 2010 gross profit of $28.5M
Habubank's 2010 net profit inreased by 13 per cent to US$35.7 million from 2009.
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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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