Retail Banking

South Korea regulator bars KDB from Woori bidding

FSC takes note of financial investors’ concern that the formation of a giant state bank could reverse competitiveness of South Korea’s banking sector...

South Korea regulator bars KDB from Woori bidding

FSC takes note of financial investors’ concern that the formation of a giant state bank could reverse competitiveness of South Korea’s banking sector...

South Korea regulator may ban Hana from M&A

FSC’s sanction on the group’s brokerage and banking units may push the regulator to bar Hana’s KEB prospects.

BPI to unite two of its subsidiaries

The merging of BPI Capital Corp and BPI Bancassurance Inc will eliminate duplication, streamline operations, and lower costs.

Union Bank of India targets expansion of international operations

The lender strives to achieve 20% growth in deposits and 22% in advances via extending global reach.

Banco do Oro keen on remittances of overseas Filipinos

The lender believes the global disasters and crises has little effect on overall remittances figure of Filipinos working abroad.

Taiwanese banks inks pact with China’s AgBank

Cathay United Bank, Mega International Commercial Bank, and Mega Financial Holding Co. forge cooperation in corporate lending, bancassurance, retail...

South Korea regulator to push for revision of rules on Woori sale

The FSC to ease current rules that require a financial holding company to bid for at least 95% of a target holding company to combine their...

Thailand freezes Deutsche Bank’s permit to operate as primary repo dealer

The German lender said its government bond trading and other business activities in Thailand remain unaffected.

Hana to purchase of 5% stake in KEB

Hana to take over stake from Lone Star and possibly from the Export-Import Bank of Korea.

India’s public sector banks target increased African presence

Yet bankers doubt India’s capacity for a large exposure in fundings for mergers and acquisitions which is enjoyed by global banks.

Bank of Ayudhya expects robust second quarter performance

Confident of better second quarter after strong $92 mn first quarter profit as it sticks to loan target.

KienLongBank anticipates VND405B pretax profit

KienLongBank approved the 2011 year plan with targeted pre-tax profit of 405-506 billion dong, and dividend payment of 8-10 percent.

NAB names Christine Yates Australia debt market origination head

Yates’ has 15 years of experience in corporate banking, with skills in project and acquisition finance, debt advisory, syndicated loans, corporate...

Maybank targets RHB takeover proposal by end of June

Maybank will only proceed with the purchase if it adds to earnings to be used to compete with Chinese banks’ entrance in Malaysia.

China Construction Bank mulls $12bn bond issue

The lender gets nod from shareholders to invest $100mn to set up a commercial bank unit in Sao Paulo.

SBI to employ over 5,000 officers

4,987 officers would be recruited for associate banks of the lender.

SBI plans $4.47bn rights issue by yearend

The lender secured government backing on the capital raising activity following posting of one of the lender’s lowest Q4 profit last month.