Trade Finance
Citigroup invests In Vietnam brokerage firm
Citigroup invests In Vietnam brokerage firm
Citigroup Inc. took a stake in a Vietnamese brokerage firm, betting that once the economy's rampant inflation slows, foreign investors will flock...
SCB to buy and delist SICCO securities
SCB has received approval on its plan to acquire SICCO's business by making a tender offer to purchase all securities of SICCO and the latter's...
OSK-UOB starts offering new capital-protected fund
The fund, designed to provide a safe haven and act as a hedge against inflation, will be marketed starting August 11 at initial minimum investment of...
China's commercial banks misallocate policy loans
Five Chinese commercial banks were found to have misallocated 58 billion yuan or 8.9 billion U.S. dollars of policy loans. This was revealed by the...
StanChart names Peter Heidinger as global head of Financial Institutions
The former Citigroup's Private Bank head of investment finance in Asia Pacific will be responsible for deepening relations with the bank's important...
Bank Danamon set to launch 5 trade service points
The lender plans to establish four more points this year bring itself closer to clients at the heart of export and import activities.
Maybank subsidiary takes over 90% of Kim Eng
Mayban IB Holdings can exercise its right of compulsory acquisition of all Kim Eng Shares at US$2.51 per share.
HSBC and Citibank to apply as underwriter for more CNY bonds
The licenses would give more access to China’s interbank market where foreign companies such as UBS Securities and Goldman Sachs Gao Hua Securities...
Liquidity crunch to hound Nepali financial institutions
Liquidity crunch and loan recovery will hamper Nepali financial inastitutions beginning next month. Vibor Development Bank and People's Finance went...
VietinBank to lend 80 trillion dong to prioritised sectors
VietinBank launched programmes in line with the socio-economic development orientation of the government and the State Bank of Vietnam to support...
EVN, Maybank ink long-term cooperation with ABBank
Strategic shareholders Electricity of Vietnam and Maybank have committed long-term cooperation with ABBank.
Alliance Bank expects 30 % from non-interest income
Alliance Bank Malaysia Bhd expects 30 per cent of its total revenue to come from its non-interest income segment in the next three to five years.
BIMB receives notification on Bank Muamalat stake
BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat...
KEB wirthholds Q1 dividend amid doubts on Lone Star's exit
Korea Exchange Bank decided not to pay a dividend for the first quarter amid lingering doubt over U.S. fund Lone Star's controlling stake sale to...
CCB eyes stake in EON Capital
China Construction Bank Corporation and has approached the Malaysian Finance Ministry for permission to speak to EON's major shareholders. The bank...
Korea to start imposing bank levy on foreign borrowing
South Korea plans to impose a levy on banks' foreign borrowing starting in August.
South Korea may initiate Daewoo Securities-Woori Investment merger
The merger eyed jumpstart succeeding alliances in brokerages as the industry suffers lack of global competitiveness.
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