News
VietinBank to lend 80 trillion dong to prioritised sectors
VietinBank to lend 80 trillion dong to prioritised sectors
VietinBank launched programmes in line with the socio-economic development orientation of the government and the State Bank of Vietnam to support agriculture, rural development and export activities, the bank's representative said.
Maybank targets RHB takeover proposal by end of June
Maybank will only proceed with the purchase if it adds to earnings to be used to compete with Chinese banks’ entrance in Malaysia.
China Construction Bank mulls $12bn bond issue
The lender gets nod from shareholders to invest $100mn to set up a commercial bank unit in Sao Paulo.
RHB Launches E-Dividend Service For Corporate Clients
RHB Bank has launched the e-Dividend service through its Reflex Online Cash Management for corporate clients.
China’s loan growth drops to 30-month low of 17%
25 more rate hikes are expected in the coming months.
SBI to employ over 5,000 officers
4,987 officers would be recruited for associate banks of the lender.
SBI plans $4.47bn rights issue by yearend
The lender secured government backing on the capital raising activity following posting of one of the lender’s lowest Q4 profit last month.
Westpac profits faces threat from struggling unit
Analysts doubt on the lender’s ability to maintain its profit growth momentum, after the bank revealed a spike in mortgage arrears.
China's central bank to enhance short-term bills release
The PBOC may defer its issuance of three-year central bank bills in its open market operations this week as it didn't ask lenders to report for the product’s demand.
OSK Research: CIMB lukewarm over RHB merger
CIMB is said to be "lukewarm" towards a merger with RHB.
China Everbright Bank expects July listing in Hong Kong
China Everbright Bank Co. is expected to list at the Hong Kong Stock Exchange as early as mid-July.
Maritime Bank to open 6 branches
The State Bank of Vietnam approved Maritime Bank's application to open six new branches.
Cash withdrawal accounts for 83% of Vietnam ATM transactions
According to Duong Thu Huong, General Secretary of Vietnam Banks Association, up to 83% of number of ATM cards are being used for cash withdrawal.
Bank of Korea raises rates to 3.25%
Governor Kim warns of another rate hike in the third quarter.
Bank of China gets nod to bring CNY back to Mainland
Move is part of China’s scheme of globalizing the currency as many Chinese and foreign businesses tapping Hong Kong's burgeoning market for renminbi debt.
Woori and BoCom join forces
The strategic alliance of two lenders enables parties to cross-sell products, step up global co-operation and sharing of information among the two lenders' subsidiaries.
PNB raises P6.5 B from sale of debt notes
Philippine National Bank raised P6.5 billion by selling 10-year debt notes qualifying as tier 2 or supplementary capital.
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