News

Analysts debate on next KB Financial chair's qualification

Discussion revolves on whether next chair needs to have strong government connections or not.

Analysts debate on next KB Financial chair's qualification

Discussion revolves on whether next chair needs to have strong government connections or not.

HSBC Amanah forecasts strong Asian sukuk sales

Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.

China Minsheng gains approval for subordinated bonds offering

The $849mln bonds issuance is expected to realise 12% capital adequacy.

Fitch downgrades select Taiwan financial institutions' hybrid ratings

Companies failed to maintain outstanding debt issues performance as measured by Fitch’s revised hybrid notching criteria.

Bank of China set to release convertible bond

Subscriptions for $5.9bln issue beginning on Wednesday is part of fundraising wave by Chinese banks.

AXA grants NAB extension to win regulator’s nod

Exclusivity agreement prevents AXA from seeking bids from other banks for 6 weeks.

BEA's China unit eyes issuing yuan bonds

China regulator’s approval would give BEA license to sell $732bln worth of bonds.

RBS upgrades Asian investment banking with key appointments

Appointments of 4 RBS high calibre heads aimed to provide world class banking in region.

StanChart earns $540mln from India sale

Lender had $210mln shortfall from targeted $750mln behind new India rule and European debt crisis.

Moody upgrades RHB’s financial strength rating to Positive

Net interest margin improvement, more comfortable loan-to-deposit ratio, healthier capital adequacy, and management stability boosted ratings.

Fitch gives CIMB Bank BBB+ rating with Positive Outlook

Upgrades Individual Rating from C to B/C due to improved balance sheet position and earnings.

NAB, Santander move ahead in RBS unit sale

Source said lenders topped rival BBVA as the latter failed to provide better offer.

Commonwealth Bank capitalises on small businesses

Small enterprises lending grows to 8.3% as it leads the competition with only 7.86% interest.

China government approves banks’ fund raisings

Lenders given go signal to raise multibillion dollars to fill up huge capital shortfall.

Bank of Shanghai plans selling $175.66mln shares

Proceeds from the domestic IPO aimed to help fill up capital deficit of $5.12bln.

NAB to seek Axa Asia asset buyers

Lender in negotiation to dispose assets to win approval of Australia’s regulator.

KTB reveals measures to unburden customers

Krung Thai has determined remedies to soften the impact from the political unrest on clients. The bank will be extending the repayment period, use principal waiving, and set the financial amount as a circular capital worth over 5 billion baht. It will also provide the head office and branches in Bangkok, places for customers to sell their goods.