Trade Finance

Korea Eximbank to provide record $63B trade financing in 2011

Korean exporters will get a record 70 trillion won or US$63 billion support via loans and assurances form Korea Eximbank this year.

Korea Eximbank to provide record $63B trade financing in 2011

Korean exporters will get a record 70 trillion won or US$63 billion support via loans and assurances form Korea Eximbank this year.

IFC raises trade finance limit in LienVietPostBank

The International Finance Corporation raised the trade finance limit in Lien Viet Post Commercial Bank from US$5 million to $20 million.

Indonesian govt to oversee micro financial institutions

The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision.

PNB awaits India regulator’s approval on Metlife deal

The lender invokes right to secrecy on its details and strategy on the deal.

Kotak Mahindra Bank's Q3 net profit up 47%

Kotak Mahindra Bank posted a 46.96% increase in net profit with Rs 276 crore for the quarter ended December 31, 2011.

Indonesia bolsters safeguards vs money laundering

Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above...

CBA keen on issuing $30bn covered bonds

Study says Australian banks have the capacity to borrow up to A$130 billion in covered bonds over the coming years.

International trade finance to boom in Asia in 5 years

Banks will have to intensify their transaction banking platforms as Asian businesses do more cross-border trade, says HSBC's Noel Quinn.

IDBI to raise $200M through bonds, ADB loan

IDBI Bank Ltd. plans to raise $200 million by selling bonds and is seeking partially guaranteed ADB loan.

Asian banks brace for a tenfold surge in regional trade flows

HSBC's Noel Quinn says lacklustre trade between Asia and partners in Europe and US may cause capital flows in Asia to increase ten fold - but by when...

Vietnam's first merged bank officially inaugurated

Saigon Commercial Bank, the first merged bank to be formed under the State Bank of Vietnam’s plan to restructure the banking system, officially...

IMF to test Japanese banks' vulnerability to govt bonds

The IMF is conducting is gauging the vulnerability of Japanese banks to a potential drop in the value of their huge holdings of Japanese government...

HSBC Vietnam launches bancassurance products

HSBC Vietnam two new insurance products as part of its partnership with Bao Viet to provide policyholders with a range of flexible plans to protect...

Vietnam lender BIDV raises $75 mln at IPO

Vietnam's BIDV raised nearly 1.58 trillion dong or $75 million) from the country's largest initial public offering in 2011.

Withstanding the regulatory wave of change

Everyone working within financial services agrees that the number and frequency of new regulations is increasing dramatically, resulting in a...

BIDV to make IPO on Dec. 28

BIDV will officially make its initial public offering on December 28, 2011.

DaiABank to to pay 7% dividend on Dec. 9

Dai A Bank announced to close the shareholders list for paying first round dividend on December 9, 2011. The payment date was supposed to be on...