|
COPYRIGHT 2006 Asia Pulse Pty Ltd
An executive briefing on banking for March 29, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
EUROPE'S BIGGEST BANK OFFERS FIXED-RATE HOME LOANS IN CHINA
BEIJING - UK-based HSBC, Europe's biggest bank, is offering fixed-rate mortgages on the Chinese mainland, becoming the first foreign lender to introduce them to a rapidly growing home loan market.
The lender will give mortgages to non-local residents at fixed interest rates for the first 12 or 24 months of the loan. The lowest such rate for the first 12 months stands at 5.7 per cent, the company said.
KOOKMIN CONSIDERS RECEIVING PRELIMINARY ANTITRUST INSPECTION
SEOUL - Kookmin Bank, which was chosen as the preferred bidder for Korea Exchange Bank (KEB) last week, is considering receiving a preliminary examination of the monopoly issue from the potential acquisition of KEB.
Kookmin, the nation's top lender, has been conducting an audit into KEB since it was chosen as the preferred bidder for the nation's fifth-largest lender on March 23 by the leading shareholder Lone Star. KEB unionists, however, opposed the audit and ordered its members not to respond to it, saying the merger will create a monopoly.
VISA SEEKS BUSINESS PARTNERS IN VIETNAM
HANOI - The Visa credit card corporation is looking for strategic partners for card issuance in Vietnam, with an aim of expanding the company's business in the country.
Visa reported that tourism was an important sector for credit card business development in the country, as international visitors to Vietnam spent VND1.4 trillion (US$90.6 million) through Visa cards during the fourth quarter of 2005, a 28 per cent increase over the same quarter in 2004, it said on March 24.
CHINESE BANKING...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
