Trade Finance

BIMB receives notification on Bank Muamalat stake

BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat...

BIMB receives notification on Bank Muamalat stake

BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat...

KEB wirthholds Q1 dividend amid doubts on Lone Star's exit

Korea Exchange Bank decided not to pay a dividend for the first quarter amid lingering doubt over U.S. fund Lone Star's controlling stake sale to...

CCB eyes stake in EON Capital

China Construction Bank Corporation and has approached the Malaysian Finance Ministry for permission to speak to EON's major shareholders. The bank...

Korea to start imposing bank levy on foreign borrowing

South Korea plans to impose a levy on banks' foreign borrowing starting in August.

South Korea may initiate Daewoo Securities-Woori Investment merger

The merger eyed jumpstart succeeding alliances in brokerages as the industry suffers lack of global competitiveness.

NAB names Drew Bradford trading head

Former Deutsche Bank head to become executive general manager of trading, financial institution sales and research.

Lien Viet Bank to serve $900M ADB loan

The State Bank of Vietnam appointed Lien Viet Bank to serve a loan of over $900million funded by the Asian Development Bank.

Sacombank gets unprecedented subordinated loan

 A 10-year US$ 150 million subordinated Tier 2 syndicated facility agreement was arranged for Sacombank by FMO.   IT was signed by a group of...

More Pakistan banks join ADB's finance program

The participation of NIB Bank Ltd. and Soneri Bank Ltd. in the ADB's Trade Finance Program  means there are now 13 Pakistani banks signed up to the...

Nomura appoints Junko Nakagawa CFO and director

The lender also named Jasjit Bhattai as deputy president coinciding the delegation of its first female CFO.

Bursa Malaysia names Dato' Tajuddin Atan CEO

Atan has 24 years experience in finance and banking industry as well as familiarity to the Malaysian capital market and the exchange business.

More Vietnam banks to list in stock exchange

The quick recovery of Vietnam's economy and the need to improve banks' position and competitiveness in the market have prompted them to list their...

CIMB gets SC approval for euro MTN

The CIMB group received approval from the Securities Commission for a multi-currency euro medium term note programme  of up to US$1 billion or its...

The world after the G20 Summit in Seoul

Progress on financial reforms was made in Seoul but diverging national approaches are in evidence.

Chinatrust Financial to raise US$1.97bln via rights issue

The company mulls selling 3.35bln common shares to increase its working capital and strengthen its financial structure.

StanChart to appoint 1,800 for its trading operations

The lender plans to expand in underwriting securities denominated in the Chinese currency and boost trading on behalf of clients in equities.