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Woori and Hana plans to engage in savings bank business
Woori and Hana plans to engage in savings bank business
Acquisition of savings banks would help major lenders seen to delay potential systemic risk through diversification.
Maybank acquires 44.6% stake in Kim Eng
Transaction represents stepping up of the lender’s investment banking and equities platform in ASEAN.
State Bank of India plans South Korea operations
SBI is also seeking to acquire an Indonesia bank in cash deal not exceeding US$100mln.
Punjab National Bank names Rakesh Sethi executive director
Sethi has been appointed as director for a period of five years replacing Nagesh Pydah.
BOCHK to inaugurate offshore renminbi bond index
The index aimed to monitor the total returns of offshore renminbi bonds.
ANZ Bank starts issuing renminbi bonds in HK
The issuance is the lender's first Hong Kong RMB offshore bonds oversubscribed 6 times.
Bangkok Bank sees 5-7% loan growth next year
The lender sees net interest margins to remain flat at 3% in 2011.
Kookmin Bank names Lee Chan-gun and Park Ji-woo EVPs
Appointments aimed to improve the stability and efficiency of the bank organization and strengthen its marketing.
South Korea to privatise Korea Development Bank
The government admits KDB privatisation is more difficult task than the Woori’s.
SBI’s non-performing loans affects asset quality
Despite concerns, Fitch has retained highest long-term rating of SBI at AAA with stable outlook.
China Construction Bank to pare down loan scale
The lender follows move of other Chinese banks due to expected tighter loan policy in 2011.
Regulators approve cooperation of BoC with 4 Taiwanese banks
Cooperation to include foreign exchange, trade finance, joint loans, interbank borrowing and staff exchanges.
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