News
Korea Exchange Bank profit down 31.3% to $259.8 million
Board appoints Chief Executive Larry Klane as the next chairman to supervise the sale of its 51% stake.
Korea Exchange Bank profit down 31.3% to $259.8 million
Board appoints Chief Executive Larry Klane as the next chairman to supervise the sale of its 51% stake.
Moody's downgrades Shinsei Bank's financial strength
Moody's downgraded Shinsei Bank Limited's bank financial strength rating to D- from D+.
Public Bank achieves 22% pre-tax profit growth
The Public Bank achieved a pre-tax profit of US$958.6 million for the first nine months of 2010. The figure represents a 22 per cent growth from the corresponding period in 2009. Over the same period, the Group recorded a net profit of US$712.5 million, 20 per cent higher as compared to US$595.5 million achieved in the corresponding period in 2009.
BOC’s nine month profit up by 27.70%
BOC recorded a profit after tax of US$12.48 billion in the first three quarters of 2010, an increase of 27.48 per cent compared with the same period of 2009. The Bank of China achieved profit attributable to equity holders of US$11.9 billion, an increase of 27.70 per cent compared with the same period of 2009. As at 30 September 2010, The Bank's total assets amounted to US$1.52 trillion, an increase of 15.43 per cent compared with the prior year-end, exceeding US$1.5 trillion for the first time.
ICICI eyes issuing of benchmark 10-Yr dollar bond
Analysts see more bond release from Indian banks investors are becoming more comfortable with Indian paper.
OCBC to issue $500mln subordinated notes
The notes rated Aa2 by Moody's are to be issued to Asian and European-based investors.
SBI’s $569.5mln profit is below expectations
The bank’s profit short of $83.3mln as provisions for bad loans surged and staff costs climbed.
Bank Negara Malaysia grants two mega Islamic banking licenses
Malaysia opens its doors to international banking as it implements liberalisation measures over the period 2009 to 2012.
India’s SBI seeks $100mln bank purchases in Indonesia
The lender is choosing among three banks after it had bought one Indonesian bank in 2006.
Indonesian banks to educate students to save
Lenders open savings account program for students to boost Indonesia’s saving ratio, the lowest among ASEAN countries.
KB Financial not keen on bank mergers
The lender to focus first on organic growth by being a competitive local and diversified financial services group.
China regulator approves $6.7bln ICBC rights issue
The lender also raised $3.75 billion from a September convertible bond sale to boost capital.
Lone Star's sale of KEB stake nears
The fund dismissed reports that the $4bln stake sale has hit a snag behind price gaps.
Yes Bank ratings reflect strong financial performance
Yes Bank was assigned a bank financial strength rating of D+ as well as a Baa3 long-term and Prime-3 short-term global local-currency deposit ratings and Ba1 long-term and Not Prime short-term foreign-currency deposit ratings, which are constrained by the corresponding sovereign ceiling.
Moody’s credits Kyongnam Bank for good franchise
Moody's Investors Service has assigned ratings to Kyongnam Bank for the first time.
China Construction Bank plans raising $9.2bln via share sales
The lender seen to follow its rivals’ move to raise more funds.
Westpac full year profit up 84% to $6.5bln
A sharp decrease in impairment or bad loan charges drove the lender’s profit up.
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