Trade Finance

International trade finance to boom in Asia in 5 years

Banks will have to intensify their transaction banking platforms as Asian businesses do more cross-border trade, says HSBC's Noel Quinn.

International trade finance to boom in Asia in 5 years

Banks will have to intensify their transaction banking platforms as Asian businesses do more cross-border trade, says HSBC's Noel Quinn.

IDBI to raise $200M through bonds, ADB loan

IDBI Bank Ltd. plans to raise $200 million by selling bonds and is seeking partially guaranteed ADB loan.

Asian banks brace for a tenfold surge in regional trade flows

HSBC's Noel Quinn says lacklustre trade between Asia and partners in Europe and US may cause capital flows in Asia to increase ten fold - but by when...

Vietnam's first merged bank officially inaugurated

Saigon Commercial Bank, the first merged bank to be formed under the State Bank of Vietnam’s plan to restructure the banking system, officially...

IMF to test Japanese banks' vulnerability to govt bonds

The IMF is conducting is gauging the vulnerability of Japanese banks to a potential drop in the value of their huge holdings of Japanese government...

HSBC Vietnam launches bancassurance products

HSBC Vietnam two new insurance products as part of its partnership with Bao Viet to provide policyholders with a range of flexible plans to protect...

Vietnam lender BIDV raises $75 mln at IPO

Vietnam's BIDV raised nearly 1.58 trillion dong or $75 million) from the country's largest initial public offering in 2011.

Withstanding the regulatory wave of change

Everyone working within financial services agrees that the number and frequency of new regulations is increasing dramatically, resulting in a...

BIDV to make IPO on Dec. 28

BIDV will officially make its initial public offering on December 28, 2011.

DaiABank to to pay 7% dividend on Dec. 9

Dai A Bank announced to close the shareholders list for paying first round dividend on December 9, 2011. The payment date was supposed to be on...

ABC focuses on boosting international trade finance

The volume of international trade finance transactions conducted by ABC amounted to USD72.4 billion, representing a year-on-year increase of 94%. Its...

Vietinbank bond sale wins regulatory approval

VietinBank's planned $500 million international bond sale has been approved by Vietnam's central bank.

China's reserve ratios for cooperative banks to go down

China’s central bank said the requirement for reserve ratio of 16.5 percent for more than 20 rural cooperative banks will expire this month, and it...

Vietnam’s Maritime Bank to raise chartered capital via bonus shares

Maritime Bank-MSB has submitted an application  to the State Securities Commission of Vietnam to be given the authority to to issue 100 million bonus...

ACB raises gold deposit interest rate to 2.5%

ACB raised its gold deposit interest rate to 2.5% per annum through their “gold day with ACB” program.

Bank Rakyat eyes more acquisitions

Bank Rakyat Indonesia's local expansion plans include buying into a local brokerage company or acquiring a bank.

Chinatrust takes over Metlife Taiwan Insurance

All existing employees of MetLife Taiwan will be retained and CFHC will maintain employee's salary and welfare policies for the next two years.