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Cathay Life upbeat about recurring yield this year


Cathay Life upbeat about recurring yield this year
By Kao Shih-ching / Staff reporter
Cathay Financial Holding Co’s (國泰金控) life insurance arm yesterday gave an upbeat outlook for its recurring yield and hedging costs for this year, while its banking arm aims to achieve high single-digit percentage growth in loans, the company told an investors’ conference yesterday.
The insurer arm, Cathay Life Insurance Co (國泰人壽), reported a recurring yield of 2.79 percent for last quarter, down from 3.11 percent a year earlier, while the ratio of its hedging costs fell from 1.69 percent a year earlier to 1.4 percent last quarter, it said.
Recurring yield is a financial gauge that shows how much the insurance company earns from its investment on a regular basis. ....

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Asia moves: Crédit Agricole appoints Hong Kong CEO, UBS sales head joins Morgan Stanley, and more


Risk.net
Latest job news across the industry
Risk staff
Crédit Agricole Corporate and Investment Bank (CIB) has appointed
Edouard O’Neill as chief executive officer for the Hong Kong branch and head of structured finance for Asia. 
Based in Hong Kong, he will report jointly to Michel Roy, senior regional officer for Asia-Pacific (Apac), and Jacques de Villaines, global head of structured finance. 
O’Neill will lead the overall business development and strategy of the bank’s commercial franchise in Hong Kong and further develop the bank’s structured finance activities in Asia. 
O’Neill joined Crédit Agricole CIB in 2015 as a managing director for corporate acquisition finance. He has been global head of acquisition finance advisory since 2019. ....

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VietinBank Securities bags $90 million syndicated loans from international banks


VietinBank Securities bags $90 million syndicated loans from international banks
12:07 | 16/04/2021
International lenders signing the credit facility to support VietinBank Securities
VietinBank securities has received additional funding support with the recent signing of $60 million of syndicated loans, following a $30 million facility just a month ago.
On April 15, a consortium of major international lenders operating in Vietnam – Woori Bank Vietnam (Bac Ninh Branch), Taipei Fubon Commercial Bank Vietnam, and Cathay United Bank Vietnam – has inked an agreement to facilitate $60 million for the additional financial needs of VietinBank Securities.
In particular, Woori Bank Vietnam (Bac Ninh Branch) specifically provided $50 million, while Taipei Fubon and Cathay United provided $10 million altogether. ....

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Taiwan's Cathay United Bank opens branch in Myanmar | Taiwan News


2021/01/07 16:58
Cathay United Bank opening branch in Yangon, Myanmar. 
Cathay United Bank opening branch in Yangon, Myanmar. 
(CNA photo)
TAIPEI (Taiwan News) Cathay United Bank opened a branch in Myanmar’s largest city, Yangon, Wednesday (Jan. 6), in a move seen as a step forward under Taiwan’s New Southbound Policy.
The office’s main aim is to assist Taiwanese businesses in investing in the rapidly developing economy of the Southeast Asian nation, CNA reported. Taiwan in 2016 launched its New Southbound Policy, targeting 18 countries in South Asia, Southeast Asia, and the Pacific, including Australia and New Zealand, to achieve closer relations in a wide variety of spheres, from trade and investment to culture and education. ....

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