Trade Finance

HSBC expands renminbi trade services to all China branches

The move will provide the lender widest geographic RMB trade coverage among all foreign banks in China.

HSBC expands renminbi trade services to all China branches

The move will provide the lender widest geographic RMB trade coverage among all foreign banks in China.

Two more Vietnam banks to sell gold deposits

The State Bank of Vietnam allowed 2 more commercial banks to sell gold deposits to intervene the local gold market.

Omgeo appoints Nellie Dagdag as executive director in Asia Pacific

Ms Dagdag will be responsible for senior leadership at the sales and solution delivery department.

Thailand allows 5 foreign banks to offer baht bonds

BNP Paribas, Banco Santander Chile, Westpac, Svenska Handelsbanken, and Woori Bank can already sell a combined $1.1bn baht-denominated bonds.

Commonwealth Bank resolves class action suit

The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.

Bank Of East Asia issues US$3bn Medium Term Note programme

The programme is aimed to achieve greater flexibility and diversity in the lender’s asset and liability management.

Vietnam banks race to raise gold saving interest rates

Gold saving interest rates at many Vietnam banks have increased sharply from 0.1% – 0.5%/year to 1% -1.5%/year. There are some banks that have raised...

Bank Danamon earns $564mn in rights issue

Foreign institutions constitute the majority of buyers of the rights whose proceeds are to be used for the lender’s expansion.

Public Bank's low share price warns of downside risk for banks

Public Bank's share price fell to almost a year low in late September, closing 16 sen lower at RM12.04, according to Bernama.

SBI upgrades MTN programme size to $10bn

The lender doubled also extended 25 bps concessional home loans up to December.

NAB sets eyes on US investors in RMBS Issue

The lender keen to woo American investors with Australian mortgages in the belief that foreigners are confident in the Australian housing market.

Banco de Oro plans issuing $69mn Tier 2 notes

The proceeds of notes having 10 years and 3 months maturity will be used for lender’s expansion.

ICBC trades over 85,000 tons of precious metal in H1

At the end of June, ICBC traded over 85,000 tons of precious metal, or 3.5 times as much for the whole of 2010, and recorded a turnover of over RMB...

Chinese banks warned against real estate investments

China’s bank regulator has urged banks to guard against risks in commercial real estate projects that have been targeted by speculative investment.

ICBC sets up global 24-hr forex and precious metal trading system

ICBC London opened the service of currency trading quotes and FX trading on behalf of the head office in Beijing.

HSBC, Barclays to advise VietinBank on overseas dollar bond sale

HSBC Holdings Plc (HSBA) and Barclays Bank Plc will advise Vietnam Joint Stock Commercial Bank for Industry & Trade on its planned $500 million...

Vietinbank to service $155M WB funded project

Vietinbank has been assigned by the State Bank of Vietnam to service hospital waste treatment support project funded by the World Bank.