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Metrobank concluded a US$228.5 million stock rights offering.

BI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management .

Standard Chartered Bank opened three new branches in Jakarta on Friday as part of its expansion plans.

Citigroup has named Vanessa Wang Pension Services Head of Asia Pacific.

Global Payments Inc. appointed James R. Hicks as President of Global Payments Asia Pacific, responsible for its activities in the region. Mr. Hicks has extensive payments industry experience, most recently serving as President of the company's Prague-based payment processing business in Central Europe. Previously, he also held responsibility for Global Payments' Canadian Product and Marketing functions as Vice President and Senior Vice President within Global Payments Canada. "The Asia Pacific region is a key market for our company, and I am delighted to welcome such a seasoned leader as James to our Asia Pacific team," said Joseph C. Hyde, President, International of Global Payments Inc. "Global Payments is committed to continually improving the products and service levels provided to our merchant customers. James' strong leadership and proven experience in the payments business will help us accomplish these objectives, while building upon the strong relationships we have with our clients and partners in the region."  

MCB Bank, its sponsors and Arif Habib shareholders signed the proposed merger agreement of their asset management companies.

Westpac has set up an emergency banking relief service in Tully for Cyclone Yasi -affected customers. This will allow them to cash emergency relief cheques and perform basic banking transactions.

The bank assigns Stanley Puah and Tan See Wee to increase Indonesian team by 25%.

 

ICICI Bank Ltd, India’s largest private sector bank, and the Indian Army today signed a Memorandum of Understanding on extending the modern banking products and services to the army personnel.

Small restructure in the bank’s retail distribution not a start of mass layoff but to increase efficiency.

The lender is cautiously optimistic on Philippine banking industry as concern for troublesome global economy contagion still remains.

Agricultural Bank of China Limited has made substantial progress in the construction of the video monitoring network system. Recently, ABC Ningbo Branch held the "Opening Ceremony of Ningbo Branch Video Monitoring Center". Mr. Cai Huaxiang, Member of CCP Committee and Vice President of ABC attended the ceremony.

KTB has joined hands with KTB-AXA to develop new life insurance products to welcome the year of golden rabbit. Ms. NongNutch Thienpaitoon, Senior Executive Vice president, Managing Director, Network group, Krung Thai Bank PCL. discloses that the Bank  and KTB-AXA has together developed several full range products including short, medium, and long term life insurances to answer clients  from every generation ’ needs.

Moody's assigned a provisional foreign currency rating of A3 to CIMB Bank's US$1 billion Multi-Currency Euro Medium Term Notes Programme.  

Bigger gains in trading and lower funding costs boosted the bank’s profit.