Trade Finance

S.Korea's Eximbank raises $1.25B through samurai bonds

South Korea's Eximbank raised 100 billion yen or US$1.25 billion through samurai bond sales. Read ››

ING Vysya Bank enters gold coin retailing

ING Vysya Bank announced plans to sell 24-carat coins of up to 10 grams. Read ››

Indian banks to pay 8% on delayed Relief Bond interest payments

Banks are expected to be more prompt in crediting interest amount of Relief or Saving Bond investors. Read ››

Hong Leong Bank $1.5B Euro notes

Hong Leong Bank can now issue euro medium-term note of up to US$1.5 billion. Read ››

SCB prepares to expand, okays $3.2M more in bonds

Siam Commercial Bank is preparing for massive fund flows for business expansion both locally and overseas. Read ››

OCBC NISP eyes $163.5M through rights shares offering

OCBC NISP is looking to raise Rp 1.5 trillion or US$163.5 million  to strengthen its capitalization and extend loans by offering rights shares. Read ››

Commercial Bank of Ceylon to sell listed debt

Commercial Bank of Ceylon is planning to raise at least a billion rupees through sale of listed debt, but may sell more debt if the demand is higher. Read ››

BNI posts $19B worth of trade finance transactions in 2011

Bank Negara Indonesia posted trade finance transactions worth US$19.83 billion in 2011, up 72 percent from a year earlier. Read ››

Bank Rakyat posts record $660M profit, declares record dividend

After posting a record pre-tax profit of RM 2.02 billion or US$600.7 million, Bank Rakyat declared a record dividend of US$122.29 million. Read ››

Gulf States a gold mine for China’s top bank

The Industrial and Commercial Bank of China's assets and lending double, thanks to the booming demand for trade financing. Read ››

Vietinbank prepares to issue overseas bonds

Vietinbank is preparing to issue overseas bonds by conducting a series of road shows in major foreign markets. Read ››

VietinBank to set up credit risk management system

VietinBank will set up a system to manage credit risks at the bank in accordance with Basel II standards. Read ››

Sri Lanka's Sampath Bank gets $62.5M syndicate loan from India

Sampath Bank will infuse capital to support the fund base by securing a US $ 62.5 million syndicate loan from India's Bank Mascat. Read ››

CIMB Islamic to launch pawnbroking in Malaysia

Following its success in Indonesia, the Ar-Rahnu Islamic pawnbroking business will be launched by CIMB Islamic Bank in Malaysia. Read ››

Philippine banks advised to comply with FATCA

Banks in the Philippines were encouraged to participate in the Foreign Account Tax Compliance Act to prepare them for the global banking environment. Read ››

ANZ develops strategy for Vietnamese business

ANZ Banking Group has developed a new strategy to boost investment and trade cooperation between foreign companies and their Vietnamese counterparts. Read ››

Dai-ichi Vietnam, Sacombank in strategic partnership

Dai-ichi Vietnam can now sell its life insurance products through the Sacombank's network. Read ››

Korea Eximbank to provide record $63B trade financing in 2011

Korean exporters will get a record 70 trillion won or US$63 billion support via loans and assurances form Korea Eximbank this year. Read ››

IFC raises trade finance limit in LienVietPostBank

The International Finance Corporation raised the trade finance limit in Lien Viet Post Commercial Bank from US$5 million to $20 million. Read ››

Indonesian govt to oversee micro financial institutions

The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision. Read ››

PNB awaits India regulator’s approval on Metlife deal

The lender invokes right to secrecy on its details and strategy on the deal. Read ››

Kotak Mahindra Bank's Q3 net profit up 47%

Kotak Mahindra Bank posted a 46.96% increase in net profit with Rs 276 crore for the quarter ended December 31, 2011. Read ››

Indonesia bolsters safeguards vs money laundering

Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above. Read ››

Financial constraints to hurt trade finance in 2012

The good news is, in Asia the outlook is not as gloomy as in the Euro area. Read ››

CBA keen on issuing $30bn covered bonds

Study says Australian banks have the capacity to borrow up to A$130 billion in covered bonds over the coming years. Read ››

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. Read ››

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. Read ››

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? Read ››

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 became operational. Read ››

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 bonds. Read ››

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 their life and properties. Read ››

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. Read ››

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 significant diversion of management attention and resources without improving operational effectiveness or firm performance. Read ››

BIDV to make IPO on Dec. 28

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

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. Read ››

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%. Read ››

Vietinbank bond sale wins regulatory approval

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

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 will revert back to 16 percent. Read ››

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 shares at the 7-for-1-ratio. Read ››

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. Read ››