Trade Finance

Malaysia's central bank raises SRR Ratio to 4%

Bank Negara Malaysia has raised the Statutory Reserve Requirement ratio from 3.0 % to 4.0 %.

Malaysia's central bank raises SRR Ratio to 4%

Bank Negara Malaysia has raised the Statutory Reserve Requirement ratio from 3.0 % to 4.0 %.

Foreign Islamic banks asked to invest In Sabah

Sabah wants more foreign Islamic banks, especially from the Middle East, to invest in the state, said Chief Minister, Datuk Seri Musa Aman.

Bank of China cross-border RMB settlement surpasses 1 trillion

As of the end of May 2011, Bank of China's cross-border RMB settlement transaction volume had remained the market-leading position with more than RMB...

China Exim Bank eyes multinational status

The Export-Import Bank of China intends to develop into a large multinational financial institution over the next five years.

KEB pays out record amount of dividend

KEB will pay out an interim dividend of 1,510 won or US$1.42 per share for the second quarter, allowing its biggest shareholder Lone Star Funds to...

Citigroup invests In Vietnam brokerage firm

Citigroup Inc. took a stake in a Vietnamese brokerage firm, betting that once the economy's rampant inflation slows, foreign investors will flock...

SCB to buy and delist SICCO securities

SCB has received approval on its plan to acquire SICCO's business by making a tender offer to purchase all securities of SICCO and the latter's...

OSK-UOB starts offering new capital-protected fund

The fund, designed to provide a safe haven and act as a hedge against inflation, will be marketed starting August 11 at initial minimum investment of...

China's commercial banks misallocate policy loans

Five Chinese commercial banks were found to have misallocated 58 billion yuan or 8.9 billion U.S. dollars of policy loans. This was revealed by the...

StanChart names Peter Heidinger as global head of Financial Institutions

The former Citigroup's Private Bank head of investment finance in Asia Pacific will be responsible for deepening relations with the bank's important...

Bank Danamon set to launch 5 trade service points

The lender plans to establish four more points this year bring itself closer to clients at the heart of export and import activities.

Maybank subsidiary takes over 90% of Kim Eng

Mayban IB Holdings can exercise its right of compulsory acquisition of all Kim Eng Shares at US$2.51 per share.

HSBC and Citibank to apply as underwriter for more CNY bonds

The licenses would give more access to China’s interbank market where foreign companies such as UBS Securities and Goldman Sachs Gao Hua Securities...

Liquidity crunch to hound Nepali financial institutions

Liquidity crunch and loan recovery will hamper Nepali financial inastitutions beginning next month. Vibor Development Bank and People's Finance went...

VietinBank to lend 80 trillion dong to prioritised sectors

VietinBank launched programmes in line with the socio-economic development orientation of the government and the State Bank of Vietnam  to support...

EVN, Maybank ink long-term cooperation with ABBank

Strategic shareholders Electricity of Vietnam and Maybank have committed long-term cooperation with ABBank.

Alliance Bank expects 30 % from non-interest income

Alliance Bank Malaysia Bhd expects 30 per cent of its total revenue to come from its non-interest income segment in the next three to five years.