News

China is seeking to diversify its assets by branch expansion of its financial institutions.

Workers plans to stop takeover by Hana as it will probably implement a massive reorganization that involves downsizing.

BNI will receive a US$150 million loan from US Exim Bank to improve its liquidity, and to finance Indonesian importers.

EON Bank Bhd is going ahead with its expansion plans this year despite being caught in the middle of a takeover saga.

A bank in Cambodia has stopped certain Vietnamese from getting dollars from its ATMs after a surge in withdrawals. Apparently traders are taking advantage of a drop in the black market value of Vietnam's currency, the dong.

Sri Lanka's Amana Bank ATL.CM on Wednesday said it had received central bank approval to start the island nation's first Islamic commercial bank.

CITIC Bank marks a major milestone in implementing regional expansion strategy with the opeing of its Singapore branch.

With inflation continuing to inch higher towards the pre-crises level, BOK is expected to proceed with its policy normalisation.

EastWest Bank has recently introduced its lowest home loan interest rate of 5.88 per cent fixed for the first year.

BPI has loaned out the entire amount of its recently-raised P10 billion capital in its 2010 loan portfolio.

BanMandiri will provide online transaction services for Bulog to ease its operational work. The State Logistics Agency, Bulog, will focus its efforts on providing sufficient food stocks to the country.

QNB Group announced Thursday a conclusion of a rights issue process for its acquisition of Bank Kesawan shares. QNB now owns a controlling 65.59 percent stake in Kesawan.  

DBS India will go retail with savings bank account, as it awaits RBI's final guidelines on foreign banks.

Korea’s regulator suspended Samwha’s operations for six months, after it failed to meet capital requirement levels.

The lender’s CEO is set to be honored by the Indian government with the Padam Bhushan to recognize his leadership skills.

The lender issued three tranches of yen denominated bonds maturing in one year, 18 months and two years.