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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.

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.

Bankers Association of the Philippines appoints Alberto Villarosa as president

Mr Villarosa is also the President and CEO of Security Bank Corporation.