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RHB Capital agrees to acquire OSK for $625.9M
RHB Capital agrees to acquire OSK for $625.9M
RHB Capital Bhd has signed a deal to acquire OSK Investment Bank Bhd for RM1.977 billion or US$625.9 million in cash and stocks.
RHB Capital pre-tax profit down to $184.3M
RHB Capital saw its pre-tax profit for the first quarter ended March 31, 2012 fell to RM580.72 million or US$184.3 million from RM610.60 million.
Banco De Oro acquires rural bank
BDO Unibank has acquired Rural Bank of San Juan Inc. and will assume its liabilities and recorded assets.
Sacombank’s power transferred to new board
Almost all the power in Sacombank has been transferred to new shareholders group, ending a year-long acquisition.
Potential buyers back out of Ta Chong Bank sale
Shares of Ta Chong Bank plunged after potential buyers of the bank had walked away from a possible acquisition.
S. Korea's central bank to sell share in KEB
South Korea's central bank will sell off its entire 39.5 million shares in Korea Exchange Bank worth US$277.3 million
Chinese banks encouraged to seek private investment
China's banking regulator told its financial institutions to focus more on attracting private investment.
Ocean Bank to sell 15% stake to Hermes
Ocean Bank will sell 15 per cent of its total capital to Hermes Capital this year.
Bank Permata targets $75.6M capital increase
Bank Permata is hoping to beef up its capital by up to US$75.6 million or Rp 700 billion from the first issuance of subordinated bonds.
Ocean Bank to collaborate with UK partner
Ocean Bank revealed a plan to form a partnership with the UK’s Hermes Capital to help better its operations.
Bank of Tokyo-Mitsubishi UFJ freezes $2.6B Iranian assets
A Japanese bank frozen halted US$2.6 billion assets ofthe Iranian government after a U.S. court order.
Eximbank takes control of Sacombank board
Eximbank will now control Sacombank's board of directors after investing about VND1.6 trillion or US$76.2 million in the said bank.
Hong Leong ups Q3 earnings by 49%
Hong Leong Financial Group increased its earning by a 49.2% increase in earnings to RM394.77mil in the third quarter ended March 31.
VietinBank bonds attract foreign investors
VietinBank became the first Vietnamese financial institution to successfully issue US$250 million worth of bonds in international markets at an...
Asiatrust sale to AUB gets central bank approval
Asia United Bank Corp. welcomed the Bangko Sentral Approval of its acquisition of Asiatrust Development Bank.
Depositors losing confidence at Nepal's finance companies
The deposits of Nepal's finance companies shrunk by over four percent in the first eight months of the current financial year.
Nepal's Global Bank eyes category A status with merger
Global Bank approved its merger plan with IME Financial Institution and Lord Buddha Finance in a special general meeting.
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