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Public Bank declares cash dividend for FY2011
Public Bank declares cash dividend for FY2011
Public Bank has declared a cash dividend of 48 sen per share for financial year ended Dec 31, 2011.
DongA Bank wants name retained in case of merger
DongA Bank will consider merging with another lender if shareholders approve it on late March.
Chinese senior bankers subjected to stricter standards
Senior management of China's financial enterprises under the central government will have less discretion in running their firms.
HSBC denies exit plans from Bangladesh, Pakistan, NZ and Phiippines
HSBC dismissed a Financial Times report saying it plans to scale back or even exit certain Asian countries to concentrate on core areas.
Subsidiaries help lift Mandiri profits
Bank Mandiri’s subsidiary business units contributed 12.73 percent to the group’s overall net profit in 2011 with a net profit of Rp. 1.56 trillion...
Wealth Fund buys extra 1% stake in CIMB
Khazanah Nasional Bhd has increased its stake in CIMB Group Holdings Bhd by 1% to 29.9% in an open market purchase.
BIDV to sell 15% stake to chosen strategic partners
BIDV together with its consultant Morgan Stanley will actively negotiate to sell shares to foreign strategic partners with about 15 percent stake.
Sabah banks act to push up tourist numbers
Joint ventures between Sabah and foreign companies helps encourage more tourists to the state, says Sabah Chief Minister Datuk Seri Musa Aman.
Lone Star to challenge $348M tax on KEB sale
Lone Star is reviewing measures to challenge a US$348 million withholding tax on its sale of Korea Exchange Bank to Hana Financial.
Vietnam's Maritime Bank still seeking right foreign partners
Maritime Bank will appoint a foreigner to the bank’s general director position this year.
ASEAN banking system to be adopted
Central banks in the ASEAN will set up an ASEAN bank system.
Philippines' SMC to finalize bank sale to Malaysia's CIMB
San Miguel Corp is close to selling 60 percent of its Bank of Commerce to Malaysia's CIMB Group.
Sacombank target of first banking takeover bid in Vietnam
A hostile takeover is brewing as Eximbank leads other shareholders of Sacombank in demanding a new management board.
Only 5 players dominate South Korean banking: data
Only five groups are dominating South Korea's banking industry, industry data showed.
New construction bank proposed in Vietnam
Vietnam's Ministry of Construction is seeking approval from the State Bank of Vietnam to set up a new bank. The ministry's proposal comes at the...
Vietinbank to increase chartered capital
The management board of Vietinbank has approved the proposal of increasing chartered capital in 2012 in two phases.
Outlook rosy for South Korea's financial groups: analysts
Analysts forecast that South Korean financial services groups will post robust earnings this year.
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