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The bank had to source funds by covered bonds elsewhere since they are banned in Australia.

The Chinese bank is also in negotiations with KB Financial Group for a stock swap.

Partnership with Nokia and Obopay allows users to store money safely, to send money and to make payments across locations.

Six companies submitted letters of intent to the South Korean government to buy Woori’s 57% stake.

Vietnam banks exposed to the Vinashin’s US$600 million unsecured loan were given a credit negative by Moody’s.

Move brought relief to ANZ’s investors, who were nervous about the capital needed to fund the acquisition.

The lender considers joining leading Chinese banks that have built presence in trust business by merging local trust companies.

Aims to buy majority stake of a smaller bank with identical vision with its micro-loan expansion.

Seeks to raise additional capital to take advantage of growth opportunities given the improving economic conditions.

Th lender aims to provide world class service to customers by offering a complete Islamic finance.

Moody’s placed all Hana Bank ratings on review for possible downgrade while eyeing Korea Exchange Bank’s debt and deposit ratings for possible upgrade.

HSBC will allocate increased resources to grow the number of branches and enhance the capabilities of its existing locations. By expanding its branch network in Hong Kong, HSBC will further commit itself to local customers by providing deeper coverage and a broader range of services. “Branches continue to play a pivotal role in personal financial services and are critical to our strategy in Hong Kong,” said Mark McCombe, Chief Executive Officer of HSBC, Hong Kong at the grand opening ceremony of HSBC Premier Centre at Elements in Tsimshatsui.   Francesca McDonagh, Head of Personal Financial Services, Hong Kong, said, “To better serve our evolving customer base, HSBC will increase the number of branches, enhance selected branches and optimise branch facilities across Hong Kong. Moreover, in view of the business opportunities brought by the broad potential customer base from mainland China and Taiwan, we will strive to provide services and solutions to cater to their banking and investment requirements.”

 

The Indonesian bank to exploit growing business potential between Indonesia and China.

AmIslamic Bank Berhad and Sabah Credit Corporation signed a US$31.9 million Islamic Banking Facilities agreement.

Moody's has assigned XacBank  a D- Bank Financial Strength Rating. The Mongolia-based bank also received a Ba3/NP for long- and short-term local currency deposit ratings; a B2 /NP for long- and short-term foreign currency deposit ratings; and a Ba3/NP for long-term local and foreign currency issuer ratings