News
KB’s new chair seeks 30% company value boost
Euh Yoon Dae vowed to quit post if he could not improve group’s stock value.
KB’s new chair seeks 30% company value boost
Euh Yoon Dae vowed to quit post if he could not improve group’s stock value.
Hyundai ends KEB services on bitter note
Group attributes KEB misappraisal and small credit line for its decision.
Maybank to convert Indonesian unit into syariah bank
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
China Construction secures shareholders’ nod
Lender targets $11bln from 630mln shares in Shanghai and 15.7bln shares in Hong Kong.
World Bank to grant $1bln loan to India
India seeks amount to recapitalise its PSUs after receiving $2bln last year.
HSBC inaugurates flagship centre to support SMEs
Lender posted 42% increase in lending to SMEs and 22% growth in deposits.
Archer Daniels Midland to invest in AgBank IPO
The US food giant will invest $200mln alongside Qatar and Kuwait sovereign investment funds and Standard Chartered.
Rabobank divests $213mln stake in Yes Bank
Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.
China's BoCom earns $2.5bln in rights issue
Lender still needs $2.34bln to achieve $4.84bln target for combined Shanghai and Hong Kong rights issue.
Huijin supports CCB's rights issue
Parent Huijin's announcement precedes CCB's shareholder meeting tacking to push through with the $11bln fundraising plan.
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
KB Financial needs 2 years to consolidate lenders
Euh Yoon-dae’s decision gives breather to labor unions that oppose any M&A in banks.
MBK Partners emerges as sole bidder for KEB
Fund is the only bidder that submitted proposal of $4bln as rivals offered less than $3.3bln.
44% of Asian insurers still optimistic
Some parts of the world may have experienced a global downturn but Asia's insurance business remains largely unaffected by the economic crisis.
Agricultural Bank to receive Qatar and Kuwait investments
Middle East countries pledge $3.6bln investment in AgBank while Qatar Holding expands portfolio in China.
ANZ establishes underwriting unit in the Philippines
ANZ authorised by SEC to engage underwriting of government and corporate securities in the country.
Malaysia grants Mizuho approval for banking licence
Mizuho to establish foothold in Kuala Lumpur as Bank Negara gives it commercial banking licence.
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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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