Trade Finance
Vietnamese banks seeking foreign partners
After wrapping up the deal on selling 10 percent of stakes to the International Financial Corporation IFC, Vietinbank continues to issue more shares...
Vietnamese banks seeking foreign partners
After wrapping up the deal on selling 10 percent of stakes to the International Financial Corporation IFC, Vietinbank continues to issue more shares...
Korea warns against banks' big dividend payouts
South Korea's Financial Supervisory Services put the brakes on local financial groups' moves to dole out substantial amounts of dividends to their...
Taiwan gives nod to sell AIG life unit
Taiwan’s regulator approved Ruenchen $2.16bn bid for AIG the unit after rejecting 11 months ago.
Deutsche Bank Korea appeals freeze order over stock manipulation
The South Korean of Deutsche Bank AG has appealed a Seoul court's decision to freeze its assets over allegations that the company pocketed massive...
Indonesia to limit bank ownership
Indonesian central bank will cut ownership of individual investors on commercial banks so as to make banking sector more financially prudent.
Eximbank, ADB ink US$2.5 B co-financing deal for infrastructure projects
The Export-Import Bank of Korea signed an MOU with the Asian Development Bank on financing the Asian region's infrastructure development projects...
Bangkok Bank launches financial innovation for petrochemical businesses
Bangkok Bank has signed an MOU, agreeing to provide a full range of financial services, called 'Smart Chaqin Solution", to PTTPM business partners.
Maritime Bank signs cooperation agreement with Vinacomin
Maritime Bank and Vinacomin signed an agreement to cooperate in many fields. Under the agreement, Maritime Bank will provide the State-owned group...
Russian Sberbank to offer shares in China
Sberbank would offer its shares in China during a global roadshow this fall.
Malaysia's central bank raises SRR Ratio to 4%
Bank Negara Malaysia has raised the Statutory Reserve Requirement ratio from 3.0 % to 4.0 %.
Foreign Islamic banks asked to invest In Sabah
Sabah wants more foreign Islamic banks, especially from the Middle East, to invest in the state, said Chief Minister, Datuk Seri Musa Aman.
Bank of China cross-border RMB settlement surpasses 1 trillion
As of the end of May 2011, Bank of China's cross-border RMB settlement transaction volume had remained the market-leading position with more than RMB...
China Exim Bank eyes multinational status
The Export-Import Bank of China intends to develop into a large multinational financial institution over the next five years.
KEB pays out record amount of dividend
KEB will pay out an interim dividend of 1,510 won or US$1.42 per share for the second quarter, allowing its biggest shareholder Lone Star Funds to...
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...
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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