Banks News Updates
Bank Of Japan Chief Vows To Keep Easy Policy (Fox News)
17 January 2010
Bank Of Japan Chief Vows To Keep Easy Policy...
Deripaska Regains Half of Failed Bank Soyuz Via Ingosstrakh (Bloomberg)
17 January 2010
Jan. 18 (Bloomberg) -- Oleg Deripaska’s Russian insurer Ingosstrakh will buy half of Bank Soyuz, the failed lender formerly owned by the billionaire, from an affiliate of OAO Gazprom, the central bank said.
Korea Development Bank Said to Consider Bid for Siam City Bank (Bloomberg)
17 January 2010
Jan. 18 (Bloomberg) -- Korea Development Bank , South Korea’s largest state-owned lender, is considering bidding for a stake in Siam City Bank Pcl of Thailand, a person familiar with the matter said.
Deripaska to Regain Control of Failed Bank Soyuz, Vedomosti Says (Bloomberg)
17 January 2010
Jan. 18 (Bloomberg) -- Russian billionaire Oleg Deripaska plans to regain control of his failed lender, Bank Soyuz, Vedomosti reported, citing unidentified people familiar with the matter.
United Bank for Africa Begins Operations in Zambia, Company Says (Bloomberg)
17 January 2010
Jan. 18 (Bloomberg) -- United Bank for Africa Plc, Nigeria’s third-largest lender by market value, has commenced operations in Zambia, the first in the southern African region, the bank said in an emailed statement on Jan. 15.
OTP’s Bencsik Sees Bank ‘Profitable’ Amid Provisions, FT Says (Bloomberg)
17 January 2010
Jan. 18 (Bloomberg) -- OTP Bank Nyrt. ’s Chief Financial Officer Laszlo Bencsik said the bank has “remained profitable” despite “serious portfolio deteriorations” following Hungary’s foreign exchange crisis in 2008 the Financial Times reported, citing an interview with Bencsik.
Bank of China Told to Cut 2010 New Lending, Apple Daily Reports (Bloomberg)
17 January 2010
Jan. 18 (Bloomberg) -- China’s banking regulator told Bank of China Ltd. to cut new lending this year to no more than 650 billion yuan ($95 billion), the Apple Daily newspaper reported , citing people it didn’t identify.
KL shares eases at mid-afternoon - Business Times - Malaysia
17 January 2010
KL shares eases at mid-afternoonBusiness Times - MalaysiaAmong heavyweights, Sime Darby and Maybank slipped two sen each to RM8.96and RM6.89 respectively, Tenaga Nasional and Public Bank jumped two sen each to ...
Sobieski sales are up, seeking new markets - Warsaw Business Journal
17 January 2010
Sobieski sales are up, seeking new marketsWarsaw Business Journal"An approved restructuring program provides us again with access to bank financing and thus we can focus on developing operations," said Krzysztof Tryliński ...
Pos Malaysia going automated, mobile - New Straits Times
17 January 2010
Pos Malaysia going automated, mobileNew Straits Times"PAM is similar to a bank's ATM (automated teller machine) but the first of its kind that is integrated with postal service. "The response from the public ...
Kenya: The Good And the Bad in Management - AllAfrica.com
17 January 2010
Kenya: The Good And the Bad in ManagementAllAfrica.comThe guest of honour was the CEO of the local bank but he was late arriving. So the priest took it upon himself to fill the time, and stood up to the ...
Kenya: New Partnership to Help Plug Rising Housing Shortage - AllAfrica.com
17 January 2010
Kenya: New Partnership to Help Plug Rising Housing ShortageAllAfrica.comThis follows the absorption of Savings and Loan into KCB Bank mainstream business. However, other commercial banks have scaled up the competition by rolling ...
On the move - Sioux Falls Argus Leader
17 January 2010
On the moveSioux Falls Argus LeaderMatt Metzger of First Dakota National Bank has been promoted to assistant vice president and residential real estate loan officer at the bank's Sioux Falls ...
Zimbabwe: Bank Rejects Official's Compensation Claim - AllAfrica.com
17 January 2010
Zimbabwe: Bank Rejects Official's Compensation ClaimAllAfrica.comBARCLAYS Bank says it will not compensate a former senior official who is demanding damages for her incarceration over fraud charges levelled against her by ...