News

Korea Exchange Bank's 2009 net grows by 13.9%

Lower loan-loss reserves and a one-off gain attributed to KEB's growth.

Korea Exchange Bank's 2009 net grows by 13.9%

Lower loan-loss reserves and a one-off gain attributed to KEB's growth.

EON Capital turns down Hong Leong's bid

EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.

Korea Development Bank quits bid for Siam City

HSBC, Bank of Nova Scotia and Hong Leong remain as bidders after KDB saw potential risks.

HSBC belies report on China bank acquisition plans

Bank's chief said 19 percent stake in BoCom was enough as it abides by China's policies.

Siam City's suitors to submit final bids

HSBC and KDB compete to seize the chance of extending operations in the under-banked country.

ING Asia Private Bank renamed Bank of Singapore

OCBC has completed the acquisition of Singapore-based ING Asia Private Bank Limited and its subsidiaries for approximately US$1,446 million.

South Korea mulls hastening sale of Woori Finance

Sale of 16 percent stake of the financial firm speeds up its privatisation.

China bank stocks collapse to pre-crisis levels as fears mount

China's tightening efforts in lending are causing stock market panic, bringing down bank valuations close to recession levels.

Major China banks begin tightening credit

Regulators' pressure prompts BOC and CCB to put up measures to curb lending.

China banking crisis as trade finance lines pulled

With banks in China confirmed to have suspended new lending since 19 January, import orders for commodities and machineries are seen to be affected the most.

EON Capital still undecided on Hong Leong's offer

EONCap considers bids from other banks as it is studying Hong Leong's $1.44bln cash offer.

Mega International to partner with Bank of China

Tie-up was spurred by the signing of financial Memorandum of Understanding between Taiwan and Mainland.

Banks hold back on replacing old ATMs: Wincor Nixdorf

ATM manufacturer reports sales down, profits down, no sign of recovery as banks delay replacing old systems.

Siam City seeks completion of 47.58% stake divestment

Bank wants its new shareholder to help fortify operations and to revise bank's 2010 core business plan.

Woori Financial eyes acquiring Hanmi Bank

Move is part of Woori's plan to capture Korean American market in the two US coasts.

State Bank of India eyes growth in Japan

Lender is also eager to act as broker that facilitates collaboration between Indian and Japanese firms.

Bangkok Bank posts $606M net profit

Bangkok Bank increased its net profit in 2009 by 0.02 percent to US$606 million.  Profit before provisioning and tax amounted to US$1.085 billion, 0.7 percent higher than 2008.