HSH says received more than 10 expressions of interest
FRANKFURT, March 30 German shipping finance provider HSH Nordbank has received more than ten expressions of interest from potential buyers in the lender which seeks to be sold within a year.
Dec 22 Thailand's TISCO Financial Group Public Co Ltd says in a notification to the Stock Exchange of Thailand (SET):
* TISCO Bank Public Company Limited and All-Ways Company Limited, subsidiaries of TISCO Financial Group, have agreed to transfer retail banking business from Standard Chartered Bank (Thai)
* Net asset value of the acquired business is about 5,500 million baht ($152.8 million)
* Transfer will be conducted once approved by the Bank of Thailand, shareholders of TISCO and All-Ways and shareholders of Standard Chartered Bank (Thai) Public Company Limited ($1 = 36.0000 baht) (Reporting by Amy Sawitta Lefevre; Editing by Gopakumar Warrier)
RABAT, March 30 Moroccan lender BMCE Bank of Africa said on Thursday its 2016 net profit rose 4 percent to a record 2 billion dirhams ($204 million) thanks to rising margins and commission income.
SHANGHAI, March 30 The cost of borrowing short-term cash against bonds at China's stock exchanges more than tripled to as much as 32 percent on Thursday as smaller financial institutions scrambled for funds before a central bank health-check on the banking industry.