News

Lender may acquire $29bln as it invited 20 bidders for China and Hong Kong IPO.

BCA Syariah is lender's answer to growing demand for Islamic banking of  85% of Indonesia's population.

Proceeds from local private placement and Hong Kong rights offer to raise capital after credit boom.

CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.

Malaysian bank's shareholder Boustead saw Malaysian lender's move essential to gain foothold in Indonesia.

US$1bln exposure to Dubai World prompted lender to strictly control its bonds and loan investments abroad.

US fund sent letters to investors in an effort to resume lender’s delayed sale. U.S. buyout fund Lone Star Funds has asked South Korean and overseas investors whether they are interested in buying a major stake in Korea Exchange Bank, kicking off initial steps to resume its stalled sale, financial authorities said Monday. According to the authorities and industry sources, Lone Star Funds sent letters to around 50 domestic and foreign investors last week to notify them of the sale and tap interest in the deal. The U.S. fund selected Credit Suisse on March 11 as lead manager for the sale of the 51.02 per cent stake in South Korea's fifth-largest lender. View the full story in Trading Markets.

RBI and other local banks appealed for government’s new policy on overseas investment but were rejected.

Central bank pledged vigilance over possibility of future crises by ensuring large banks are adequately capitalized.

Lender in discussions with PT Panin and ANZ Vientiane Commercial to obtain almost 100% ownership.

KB Financial and Hana Financial possible suitors should Korea approves privatization process in second half 2010.

Lender confident of being leader in merger and acquisitions drive despite facing difficulties and controversies.

Move to open ICBC Mumbai branch follows China’s nod for SBI Shanghai to lend in Renminbi.

NAB faces competition with Banco Santander and Virgin Money for takeover of 84% of RBS.

Singaporeans at least 45 years old are now further protected against fraud or theft while also enjoying healthcare privileges with the launch of the Active Card.

Chinatrust aims to use Sumitomo’s $85mln investment for its expansion in the mainland.