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Shareholders approve HHB-SHB merger
Shareholders approve HHB-SHB merger
The draft plan to merge Hanoi Building Commercial Bank into Saigon-Hanoi Commercial Bank has been approved by shareholders of both banks.
Foreign investors eye Indonesia’s banks
Indonesia’s banks are attracting foreign firms for its booming growth and an untapped market of tens of millions.
Bank Islam Malaysia looking to buy Indonesian banks
Bank Islam Malaysia is still keen on buying a stake in a Islamic financial institution in Indonesia although no decision has been made on potential...
Taiwan's Cathay Financial posts Q1 net profit of $67M
Cathay Financial reported a first-quarter net profit of NT$1.97 billion or US$67 million, and earnings per share of NT$0.19.
Petrovietnam Finance Corp. to be converted to a bank
Petrovietnam has approved the plan to change the operational model of Petrovietnam Finance Corp and convert it into a bank.
Malaysia's CIMB to expand in Australia
The CIMB Group will start business in Australia after acquiring majority of RBS's Australian business.
SME Bank to raise $963.5M in 3 years through sukuk
SME Bank plans to raise about RM3 billion or US 965.5 million over the next three years through a sukuk issuance.
Habubank shareholders okay merger with SHB
Habubank’s shareholders have approved the plan to merge with Saigon-Hanoi Commercial Joint Stock Bank.
Laos-Vietnam Bank to double chartered capital
The chartered capital of Laos-Vietnam Joint Venture Bank may be raised from $35 million to US$70 million in May 2012.
Nepal Bank gets govt approval to sell fixed assets
The government of Nepal has allowed Nepal Bank to sell fixed assets to replenish its capital.
NAB profits plunge 16%
The UK units of National Australia Bank Ltd have become a pox on the Australian bank’s operations.
Korea to attempt Woori sale for the 3rd time
The South Korean government is attempting for the third time to unload its holding Woori Finance Holdings.
Philippine Deposit Insurance Corp takes over Exportbank
The Export & Industry Bank has been placed under receivership of the PDIC by the Philippines' Monetary Board.
Most Aussie banking professionals want to change jobs
Australia’s banking and finance people seem a dissatisfied lot.
China’s third largest bank stumbles
The weaker Chinese economy has claimed Bank of China, Ltd as a victim.
11 Indian banks downgraded by S&P
It’s not welcome news for banks anytime.
China's banking system seems healthy
The China Banking Regulatory Commission (CBRC) reports on the state of China's banking industry in 2011.
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