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CCB eyes stake in EON Capital
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 is said to be eyeing a stake in EON Capital.
Bank Mandiri to take active role in weaponry development
State-owned Bank Mandiri will finance the construction of two 40-meter missile boats for the Indonesian Navy. The deal is worth Rp 65.97 billion or about US$7.65 million.
Hong Leong opens Ha Noi branch
Hong Leong Bank yesterday opened the Ha Noi branch and introduced the priority banking service in this branch. It is the second branch in Vietnam for the Malaysia-based bank.
Small-loan firms sprout in China
China's small-loan business kept expanded rapidly in the first quarter with additional 3,027 small loan companies by end of March.
Bank Syariah Mandiri profit up 44% to $48.5mn
The lender said it gained more trust from customers since its third-party fund placement increased by 50%.
Bank Rakyat’s first quarter profit up 18.3% to $123mn
Growth in overall financing balance and excellent asset quality fueled the increased in profit.
Southern Bank eyes pretax profit of $28.7M
Southern Bank is targetting a pretax profit of $28.7 million this year, up 12.68% from a year earlier.
HSBC Vietnam launches integrated receivables solution
HSBC Bank Vietnam new Integrated Receivables Solution to their customers, making them the first in Asia Pacific to be so offered.
HDFC Bank's profit up 33% to $26mn
The bank’s board approves stock split as its beat market estimates behind surge in retail and corporate lending.
Bank Rakyat's branch surpasses I-Aslah loans target
Bank Rakyat's Pasir Mas branch exceeded its target for the I-Aslah loans scheme in giving out loans totalling more than RM31 million for the first three months of this year.
Korea to start imposing bank levy on foreign borrowing
South Korea plans to impose a levy on banks' foreign borrowing starting in August.
AIA Group to form Malaysia subsidiary
AIA Bhd is part of the group’s strategy on organic growth in Asia.
Habitat for Humanity, Barclays to raise funds for the less fortunate
Habitat-Barclays Bare Your Sole 2011 will take place on Saturday, 18 June at Gardens by the Bay East, Tanjong Rhu.
Malaysian card issuers to use SMS in transaction alerts
Malaysian card issuers will be implementing transaction alerts via short messaging service to their cardholders in the case of certain types of transactions and of certain triggers.
Union pickets Maybank headquarters
Members of the National Union of Bank Employees held a peaceful one-and-a-half hour picket in front of Menara Maybank.
BS Financial eyes savings bank business
BS Financial Group is considering breaking into the savings bank sector in a bid to expand its business portfolio.
Maybank appoints 4 senior officers
The assignments aim to empower the group with extensive management experience and expertise in key areas for its next phase of growth as a regional leader.
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