News

HSBC earns US$1.4bln from initial Kangaroo bonds sale

Analysts believe improving lending conditions attracted Asia-Pacific investors as bank expands in the region.

HSBC earns US$1.4bln from initial Kangaroo bonds sale

Analysts believe improving lending conditions attracted Asia-Pacific investors as bank expands in the region.

RHB partners with TM Asia Life for bancassurance

MoU gives bank 10-year right to sell insurer's plans while latter pays $30mln exclusivity fee.

OCBC Malaysia 2009 profit slides 1%

Higher loan provisions lower net despite 4% revenue surge and 6% increase in operating profit.

StanChart aims India listing by end of March

Lender plans raising $750mln as it nears to become first foreign company to list in India.

JPMorgan strengthens its Malaysia commercial bank unit

Expansion includes integration of its in-country treasury management service as part of $1 billion global investment.

Agricultural Bank of China's February loans top rivals

Lender was able to lend 28% of China's top four banks total amount.

Industrial Bank loan growth cut by half

China's tightening trims down lending to $125bln as bank aims keeping bad loan ratio below 0.58%.

China Merchants seeks approval to open Taiwan office

Improving China-Taiwan relations enabled lender to apply for presence in the hometown of its Taiwanese clients.

Deutsche Bank Malaysia secures international Islamic banking license

Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.

China Merchants eyes raising $3.2bln via rights issue

Move aimed to replenish capital ratio after expansion of loans and acquisition of Wing Lung.

HSBC to join Bank of Communications' rights issue

HSBC sees BoCom's fundraising move as opportunity to add its 20% stake and increase China investments.

Woori set to be privatised in 2010

Government intends to complete lender's privatisation to maximise company value amid above 300% profit growth performance.

Fitch: Taiwanese banks to see modest improvements in 2010

Fitch Ratings expects Taiwanese banks to generate slightly better earnings in 2010 as they benefit from the modest global economic recovery.

HSBC pre-tax profits down 23.9% to US$7,079 million

Group Chairman Stephen Green says the decrease is part due to the reversal of fair value accounting gains on the bank's own debt.

ANZ declines AMP's US$3.6bln stake sale offer

Bank preferred to focus on integrating ING and ‘organic growth’.

China banks' loans to foreign shipbuilders surge

Lending increased by more than 10% as banks follow government’s initiative to revitalise shipbuilding industry.

Bank Danamon 2009 net unchanged at $165.24mln

Lender’s CAR topped 20.7% as its equity grew 49% despite flat profit performance.