Retail Banking
Kookmin Bank names Lee Chan-gun and Park Ji-woo EVPs
Appointments aimed to improve the stability and efficiency of the bank organization and strengthen its marketing.
Kookmin Bank names Lee Chan-gun and Park Ji-woo EVPs
Appointments aimed to improve the stability and efficiency of the bank organization and strengthen its marketing.
South Korea to privatise Korea Development Bank
The government admits KDB privatisation is more difficult task than the Woori’s.
SBI’s non-performing loans affects asset quality
Despite concerns, Fitch has retained highest long-term rating of SBI at AAA with stable outlook.
China Construction Bank to pare down loan scale
The lender follows move of other Chinese banks due to expected tighter loan policy in 2011.
Regulators approve cooperation of BoC with 4 Taiwanese banks
Cooperation to include foreign exchange, trade finance, joint loans, interbank borrowing and staff exchanges.
National Australia Bank may divest Clydesdale Bank
The Australian lender wants to concentrate on its core businesses at home while selling the “deadweight” British lender.
South Korea to decide on $6bln Woori stake sale’s fate
Unfavourable market conditions and the loss of 2 potential candidates seen to further the sale delay.
DBS to acquire RBS China units
Move part of the lender’s plan to expand into China, South-East Asia and India.
Bank of East Asia launches rural bank in China
The rural lender to provide deposit taking, agriculture-related lending and capital settlement services to rural residents and SMEs.
ICICI Bank secures $1.5bln loan agreements with Chinese lenders
ICBC and China Development bank grant funding to help Indian companies fund imports from China.
Hang Seng Bank to open wealth management business in China
The bank seeks partner for wealth management, insurance and asset management through a joint venture or by buying a stake in another company.
Commonwealth Bank suffers file processing glitch
The technical malfunction affected about 5% of the bank's 11mln business and retail customers.
Maybank plans to issue 244.257mln new shares
The high level of reinvestment under dividend plan showed the confidence shareholders had in the bank.
KB Financial and ICBC in talks on investment banking JV
The Korean group seeks to diversify and strengthen its business portfolio by setting up investment banking.
Hana appeals for funding from Asian investors for KEB takeover
Hana woos financial assistance from China Investment Corp., China Merchants Bank, and Sumitomo Mitsui Financial Group Inc.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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