Wholesale Banking
Bank Mandiri Q1 2010 profit up 43%
Lender posted $222.3mln net profit due to lending surge and strong growth in fee income.
Bank Mandiri Q1 2010 profit up 43%
Lender posted $222.3mln net profit due to lending surge and strong growth in fee income.
ICBC acquires Thailand's ACL Bank for $550mln
Chinese megabank seeks to expand into Mekong River region using ACL as platform.
Australia regulator scraps National Australia Bank's AXA bid
ACCC cautious that merger could reduce competition in country's retail investment market.
Kookmin CEO's censure may affect KEB acquisition bid
FSS investigation on Kang caused KB board to sidetrack from deciding on KEB takeover.
Siam Commercial Bank seeks tapping corporate customers
Lender sees high-value financial services as vital scheme to strengthen bank’s profitability amidst fierce competition.
India’s top banks expected posting 13% profits growth
HDFC eyed to lead the pack with 31% profits growth as banking sector returns to normalcy.
China Merchants 2009 net down 14% to $2.67bln
Lender still was able to beat average $2.57bln forecast by Dow Jones.
India’s central bank may save “foreign” HDFC, ICICI
Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.
Bank Mandiri plans three-fold rise in rights offering
Decided to raise figure to about $776mln from $221mln due to improving economic and political conditions.
HSBC to further extend presence in China
Expansion involves establishing rural banking in line with government’s aim of providing financial assistance outside cities.
Korea sells 9% of Woori stake at $1bln
Lender’s privatization gained headway when institutional investors acquired total of 72.54mln shares at 16,000 won each.
Bank Mandiri eyes $221mln rights issue
Move targeted to strengthen capital adequacy ratio and boost lending.
Philippine National Bank partners with Bank of China
Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business.
South Korea raises $1bln by selling Woori shares
Move part of KDIC plan to reduce stake in Woori to 50% towards lender’s privatization.
India’s Union Bank hires banks for bond sale
Lender’s selection of 4 banks to offer dollar bonds part of its $2bln medium-term notes programme.
Agricultural Bank of China invites bids for IPO
Lender may acquire $29bln as it invited 20 bidders for China and Hong Kong IPO.
China Construction Bank targets selling $11bln in shares
Proceeds from local private placement and Hong Kong rights offer to raise capital after credit boom.
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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.
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