News

Shinhan Bank raised RMB600 million or US$95 million through dimsum bond sales in Hong Kong.

Tadahiro Matsushita, Minister of the Financial Services Agency, the banking industry regulator, committed suicide Monday.

HDFC Bank launched its 10,000th ATM in India near Ajmer Sharif Dargah, a sacred shrine revered by people of all faith.

Pakistan's public and private banks and development finance institutions had written off loans amounting to Rs112.305 billion or US$1.187 billion over the past four years.

The Philippines’ China Banking Corporation last week cut the par value of its shares from P100 to P10 in a 10-for-1 stock split of its common shares.

Bangkok Bank has been granted a 99-year extension of its banking service license from Vietnam.

Sales of asset-backed securities in China suspended three years ago have been re-launched to help banks stiffen the country’s sagging banking sector.

Hana Financial Group is set to acquire a major stake in an as yet unnamed Indonesian bank to further expand into Indonesia’s robust banking sector.

KB Financial Group, Inc will soon take ownership of the Korean insurance unit of ING Group.

ICBC Beijing Branch has included the Thai baht and Philippine peso in its foreign exchange currency services.

Bank Indonesia warned commercial banks not to use non-collateral loans to finance customers who were unable to pay the required downpayment.

Bank Negara Indonesia to get more Japanese companies to deposit their funds with them following a partnership agreement with Joyo Bank.

Banco De Oro plans to add as many branches that it could handle to its 740-plus network.

Dampened investor sentiment caused Indian banks to experience almost stagnant credit growth in the first five months of the fiscal year starting April.

Maybank aims to get RM250 million in premiums in the first year.

China's banks might have lent some US$95 billion in August, a 14% rise spurred by the government's injection of more money into the reeling Chinese economy.