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China Minsheng to raise $4.5bn through shares and bonds
An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.
China Minsheng to raise $4.5bn through shares and bonds
An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.
S&P not keen on Hana Bank's acquisition of KEB
The ratings company saw risk on the company's financial health as it may be adversely affected due to takeover of KEB from Lone Star Funds.
NAB chief keen on lender’s steady turnaround
NAB optimistic that he can make each quarter better than the last as timing of the turnaround is not under the bank’s control.
Western Bank increases chartered capital to $143M
Western Bank announced that it officially hiked its chartered capital from US$95.79 million to US$143.68 million via issuing shares to public.
China’s Bank of Communications opens Ho Chi Minh branch
China’s Bank of Communications expanded in Vietnam with its Ho Chi Minh City branch. It has a charter capital of US$30 million.
Hana likely to get nod for KEB takeover in March
South Korea's FSC will likely give its final regulatory approval by mid-March for Hana Financial Group's takeover of Korea Exchange Bank.
Bank Rakyat pre-tax profit up 10.8%
Bank Kerjasama Rakyat registered a 10.8 percent increase in pre-tax profit to US$563 million for the financial year ended Dec 31, 2010 from US$507.8 million the previous year.
CCB eyeing stake in EON Capital
China Construction Bank is keen to acquire a stake in Malaysian lender EON Capital Bhd.
BaoVietBank targets $9.5M profit
BaoVietBank reached a total asset value in 2011 of US$1.19 billion, increasing by 181 percent against the previous year.
VIB 2010 gross profit surges by 72%
Vietnam International Bank gross profit last year surged 72 percent to $50.8 million.
CDB aims to double the $118.6B grassroots lending
China Development Bank witnessed the robust growth of grassroots finance in 2010.
ICBC starts process restructuring and service innovation
ICBC will increase core competence and maintain sustainable development through process restructuring, improved innovation and service capability.
Woori Bank to set up 4 new branches in emerging nations
The lender awaits approval from Korea regulator to put up branches in India, Brazil, Australia and Russia.
Talks on KDB-Bank Panin $1bln deal fail
Differences on the conditions presented by both parties caused failure of the KDB to buy 45% of Panin’s stake.
BoComm releases 20 bln renminbi-denominated bonds in Hong Kong
The bonds, with terms of between two years and five years, are targeted at institutional investors and individual investors.
Guoco denies plan of acquiring Bank of East Asia
Yet the conglomerate admitted it raised its stake in the bank to 10.06% from 9.98%.
Vietnam banks eye increased use of card payment services
Vietnam's commercial banks are now prioritising increased profits from card payment services. The domestic market now has 28.5 million bank cards which are mainly used just for cash withdrawals.
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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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