News

Sale of 16 percent stake of the financial firm speeds up its privatisation.

China's tightening efforts in lending are causing stock market panic, bringing down bank valuations close to recession levels.

Regulators' pressure prompts BOC and CCB to put up measures to curb lending.

With banks in China confirmed to have suspended new lending since 19 January, import orders for commodities and machineries are seen to be affected the most.

EONCap considers bids from other banks as it is studying Hong Leong's $1.44bln cash offer.

Tie-up was spurred by the signing of financial Memorandum of Understanding between Taiwan and Mainland.

ATM manufacturer reports sales down, profits down, no sign of recovery as banks delay replacing old systems.

Bank wants its new shareholder to help fortify operations and to revise bank's 2010 core business plan.

Move is part of Woori's plan to capture Korean American market in the two US coasts.

Lender is also eager to act as broker that facilitates collaboration between Indian and Japanese firms.

Bangkok Bank increased its net profit in 2009 by 0.02 percent to US$606 million.  Profit before provisioning and tax amounted to US$1.085 billion, 0.7 percent higher than 2008.

Collaboration with IFC and Bank of Nova Scotia will give lender expertise in its global expansion.

Grand expansion plan targeting $65 billion business includes setting up ATMs and putting up operations abroad.

BOC attempted to curb skyrocketing loan growth in line with regulator's pressure on banks.

Net profit drop due to absence of treasury income is still smaller than anticipated.

9.5 percent increase is eyed to get rosier this year due to stimulus package.