News

India’s central bank may save “foreign” HDFC, ICICI

Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.

India’s central bank may save “foreign” HDFC, ICICI

Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.

7 of Taiwan`s top-10 syndicated banks are gov`t-linked

Country’s total loans of top-10 syndicated lenders amounted to US$2.5bln led by Taiwan Cooperative at US$544mln.

Philippine Bank of Communications equity sale goes on

Lender opted to look forward to divesting 67% of its equity even beyond March deadline.

EON Cap withdraws dividend payment plan

Board handed down decision to avoid reduction in $1.6bln offer price to HLB.

Bank Mandiri plans three-fold rise in rights offering

Decided to raise figure to about $776mln from $221mln due to improving economic and political conditions.

Citibank Japan to open 'smart banking' branches

Lender debuts world’s first branches with cutting-edge technology to reengineer banking process in innovative Japanese market.

Malaysia central bank to introduce Shariah governance framework

Timing of launch deemed strange as Shariah advisory role in Islamic finance is under scrutiny.

China regulator urges banks to readjust lending

Lenders asked to practice strict control on lending for construction raw materials to avoid loan overcapacity.

Bank of Taiwan expects higher loan growth

Lender sees funding of Taiwan’s rail project and improved relationship with foreign banks as growth drivers.

HSBC to further extend presence in China

Expansion involves establishing rural banking in line with government’s aim of providing financial assistance outside cities.

RHB interested in engaging in M&A

Lender sees possibility of the move within the year if it would give strategic advantage.

Korea sells 9% of Woori stake at $1bln

Lender’s privatization gained headway when institutional investors acquired total of 72.54mln shares at 16,000 won each.

Bank Mandiri eyes $221mln rights issue

Move targeted to strengthen capital adequacy ratio and boost lending.

Philippine National Bank partners with Bank of China

Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business. 

Guangdong Bank plans raising $2bln through share issue

Lender joins other China rivals’ share offerings by selling 3.4bln shares to restore capital before IPO.

South Korea raises $1bln by selling Woori shares

Move part of KDIC plan to reduce stake in Woori to 50% towards lender’s privatization.

India’s Union Bank hires banks for bond sale

Lender’s selection of 4 banks to offer dollar bonds part of its $2bln medium-term notes programme.