THREE of China’s biggest commercial banks have agreed to provide fundraising support to property developers, including industry giant Vanke, in a coordinated effort to support the country’s embattled property sector.
MALAYAN Banking (Maybank) on Wednesday (Nov 23) posted a net profit of some RM2.2 billion (S$655.9 million) for the third fiscal quarter ended September, up 28.5 per cent from its earnings of RM1.7 billion in the comparative year-ago period.
JAPAN’S Mitsubishi UFJ Financial Group plans to buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 600 million euros (S$857.1 million), a person familiar with the matter said on Wednesday (Nov 23).
