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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.
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.
Korea Eximbank forms consultative body with 5 Chinese banks
Korea Eximbank will form a consultative group with five Chinese banks to help Korean firms win large overseas projects.
Bank of Tokyo explores Cambodian market
The Bank of Tokyo Mitsubishi UFJ will penetrate deeper into the Cambodian market with the launching of its representative office.
HSBC CEO wants Vietnam's banking system restructured soon
Based on a roadmap developed by the Vietnamese government and the central bank, The local banking system will be restructured comprehensively in 2012...
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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