News
StanChart targets Taiwan`s top foreign bank spot
The lender aims to accomplish feat in 3-5 years time as it has recruited 100 more new employees.
StanChart targets Taiwan`s top foreign bank spot
The lender aims to accomplish feat in 3-5 years time as it has recruited 100 more new employees.
ICICI Bank sees 18% credit growth in 2010-11
The lender attributes positive growth to its healthy current accounts and savings accounts deposits level.
CCB provides $3bln credit line to a Beijing housing commission
Beijing supplied 12.63 million square meters of land for security housing projects and 1.64 million square meters for low-income housing.
Taiwan`s state-run banks expects downtrend in its mortgage lending
The central bank has directed banks to strictly screen mortgage applicants to help cool the soaring real estate market.
CIMB Group profit up 31.9% to RM2.64bln
The year-on-year growth for nine months is part of the Group’s first set of financials which are in full compliance with the Basel II framework.
Korea Exchange Bank union objects Hana's takeover
4,000 employees are expected to join to protest Hana’s takeover as it conducted due diligence on KEB.
BEA China completes overseas RMB investment settlement
The move enables Xinjiang companies to use renminbi to engage in business abroad, while allowing foreign companies make renminbi investment into Xinjiang companies.
NAB shareholders target $442mln in US subprime suit
Shareholders sued the bank for failing to report exposure and risk of losses from subprime mortgage exposure.
ICBC targets South Korean’s Kwangju Bank takeover
The Chinese lender will become the first Chinese company to bid for a South Korean financial firm if it joins the race.
Moody's affirms Woori Bank after re-evaluation
Prompted by a sharp spike in Woori Bank's problem assets during the third quarter 2010, its asset quality and capital were re-evaluated prior to Moody's affirmation.
CIMB Bank in Cambodia officially launched
CIMB Bank has received its license to fully operate a 100 per cent owned subsidiary in Cambodia.
State Bank of India sees launch of $4.4bln rights issue soon
Government needs to subscribe big to maintain its stakeholding at the existing level.
NAB mobile banking transactions up 200%
Australian banks’ move to enable consumers to download their apps for free to check bank or savings account balances spurred mobile transaction growth.
Union Bank of India mulls issuing Swiss franc bond
The move has not been seen from any Indian lender since 1987.
ANZ continues Asia expansion even if Hana's KEB bid prevails
The Australian bank to go after Woori should the KEB-Hana deal materialises.
Bank Negara approves joint takaful licence for Public Bank and ING
The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing in ING and the PBB.
Bank of Baroda to open 8-9 overseas branches
Crisis provided opportunity for the lender to step up its international business operations.
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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.
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