News

AgBank will also issue $7.71bn subordinated bonds on June 2 following Shenzhen Development Bank’s $563.24mn mixed bonds launch last month.

The lender’s whole suite of deposit products for iSAVvy Singapore dollar time deposit.

Mega has weak internal control, and Bank Indonesia isn’t happy about it.

Branch would be the lender’s second in China as it expand in its strategically important market for its customers.

FSC to allow local bank holding firms to buy only 50% stake in a holding firm with government stake to improve chances of privatising Woori.

The China Banking Regulatory Commission's new 4% leverage ratio requirement means more pressure to maintain a solid capital base.

Inflation is out of control so the The State Bank of Vietnam has limited credit growth of banks to 20% in 2011.

PBCom has about 52.6mn common shares and another 120mn preferred shares to which the floor price of P25 a share would apply for this bidding.

Phongsavanh became the first private bank in the Lao PDR to provide services for VISA and MasterCard.

BCEL signed an agreement with Pudian Bank of China to facilitate the opening of accounts and simplify currency exchange between the two banks.

Availability of funds the allows the lender to expand network by buying medium sized banks.

The bond issuance could help to expand the bank’s funding sources and lower the cost of funding.

The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.

PNB is keen on investing in an insurance company which would offer higher stake at an attractive price.

CIMB Group Holdings Bhd's net profit for first quarter was 9.4% higher year-on-year at RM917million.

A meeting of the NRB Board of Directors on Tuesday recommended action against the former Gurkha Development Bank officials, employees and creditors as per the Banking Offense Act.