Retail Banking
Sri Lanka's Union Bank creates IPO record
Union Bank's IPO for US$3.389 million of stock in Sri Lanka's Union Bank has drawn 225 subscriptions amounting to US$759 million.
Sri Lanka's Union Bank creates IPO record
Union Bank's IPO for US$3.389 million of stock in Sri Lanka's Union Bank has drawn 225 subscriptions amounting to US$759 million.
Sindhu Bikas Bank deposits get insured
Sindhu Bikas Bank became the first development bank to sign the deposit insurance agreement with Deposit and Credit Guarantee Corporation for the...
India replaces Hong Kong as StanChart’s profit hub
The lender’s aggressive moves in its diversified nature of its business propelled growth in India.
UOB to hire 2,000 in Southeast Asia this year
UOB is planning to hire some 2,000 staff in Singapore and the region this year.
GPBank starts cooperation relationship with NSI
GPBank signed the contract for setting up comprehensive cooperation relationship with National Securities Incorporated.
Woori to expedite savings bank takeover
Woori Finance will expedite its rescue of a Samhwa Mutual Savings Bank. It intends to and resume the operations of the said mid-sized savings bank as...
India to inject $1.34bn into PSU banks
The government’s move targeted to improve Tier-I capital to 8% and to escalate growth of state-owned banks.
State Bank of India receives $1.9bn bids for bond issue
The lender got 8.5 times the value of its target of its $223.2mn issue aimed to meet its assets growth.
Chinatrust to join forces with China Development Bank
The Taiwanese bank also planned to forge ties with Bank of China.
StanChart HK to shell out HK$1.48bn for Lehman-linked product buyers
The lender to repurchase 95% of the outstanding transactions of Lehman Brothers-related notes despite its non-admission of liability.
HSBC earns better profit behind Asian expansion
The lender not prioritising M&As as it expects to benefit from a rise in interest rates in the Asian-Pacific region due to strong inflationary...
China Minsheng to raise $4.5bn through shares and bonds
An analyst believes that the move is more likely to be accepted by investors than an earlier Shanghai private placement fundraising scheme.
S&P not keen on Hana Bank's acquisition of KEB
The ratings company saw risk on the company's financial health as it may be adversely affected due to takeover of KEB from Lone Star Funds.
NAB chief keen on lender’s steady turnaround
NAB optimistic that he can make each quarter better than the last as timing of the turnaround is not under the bank’s control.
CIMB 2010 profit up 24.5% to $1.16bil
The group expects new areas of strong growth from CIMB Thailand and CIMB Singapore as well as transaction banking.
Western Bank increases chartered capital to $143M
Western Bank announced that it officially hiked its chartered capital from US$95.79 million to US$143.68 million via issuing shares to public.
China’s Bank of Communications opens Ho Chi Minh branch
China’s Bank of Communications expanded in Vietnam with its Ho Chi Minh City branch. It has a charter capital of US$30 million.