News
Krungsri Group issues alleviation measures
Bank of Ayudhya and its subsidiaries issued measures to alleviate the plights of customers suffering from the recent political crisis. It will be allowing affected debtors to repay only interests during given grace period, and extending their repayment periods. In addition, the Bank stands ready to offer help to businesses related to tourism industry and relevant segments affected by the same crisis.
Krungsri Group issues alleviation measures
Bank of Ayudhya and its subsidiaries issued measures to alleviate the plights of customers suffering from the recent political crisis. It will be allowing affected debtors to repay only interests during given grace period, and extending their repayment periods. In addition, the Bank stands ready to offer help to businesses related to tourism industry and relevant segments affected by the same crisis.
China Construction sees 17% green-credit business loans surge
Lender has made great strides to abide by government's green-credit policy with $27bln green-credit business loans.
Political turmoil could impact Thai banks' profitability – Fitch
But rating agency said Thai banks' overall financial positions should remain relatively strong in 2010.
Fitch: Japanese investment banks return to profit
Agency still cautious as Europe's sovereign credit crisis can pull down anemic growth of Japanese lenders.
5 Chinese banks can apply for Taiwanese branches
China wants its banks to directly establish branches without the need of setting up representative office first.
DBS reduces staff in Islamic banking business
IB Asia suffered $77.1mln loss in 2009 and even planned earlier to cease lending operations entirely.
China Construction may reschedule $11bln financing plan
Lender considers moving rights issue early next year behind uncertain market conditions.
StanChart tags Indian Depository Receipts at $2.13-$2.44
Sources said India’s largest international lender is offering 240mln IDRs to raise up to $587.42mln.
ANZ plans to boost its Asian growth strategy
Lender mulls on spending US$4bln on 2 mega deals as it denied selling Bank Panin stakes.
Fitch: Japan's mega banks' profit growth uncertain
Lenders had anemic recovery despite large common stock issuance that boosted their core capitalisation.
EON Cap’s board accepts Hong Leong acquisition bid
Bid serves "best interest" for EON Cap after mulling on recommendations of Credit Suisse, Goldman Sachs.
HSBC Malaysia profit up 20% to $67mln
Domestic demand in banking and sustained growth in regional markets prop up net profit increase.
OCBC Al-Amin Bank eyes double-digit growth asset, profit surge
Lender confident of hitting the target as global economic recovery fosters Islamic banking growth.
CIMB Niaga enhances remittance service to migrant workers
Offers remittance, credit services to Indonesian workers as they sent $2.34bln to native country in 2009.
Hang Seng puts up new mainland headquarters
Hang Seng Bank China has agreed to purchase about 7,000 square metres of office and retail space in Shanghai's financial district for a total consideration of US$74.6 million. The deal involved the naming and signage rights for the building.
Thai banking keeps stable outlook amid violence
Moody's is maintaining its stable outlook on Thailand's banking system despite the recent escalation of violence in the country. This is based on the sector's asset quality and earnings showing considerable resilience to political turbulence in recent years.
Bank Mandiri targets being in ASEAN big three
Lender launched plan of being in region's top 5 by 2014 and top 3 by 2020.
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