Appendix 4: Asian financial firms with foreign ownership

Appendix 4: Asian financial firms with foreign ownership

57 Asian financial firms with foreign ownership in 2005 and/or in 2009 are displayed in this file. Example

frame 1 outlines 3 layers, which provide foreign ownership information. The first layer presents the name

of the Asian financial firm. The second frame outlines the stake held by a foreign owner and the

corresponding country of origin derived through Bankscope. The thid layer presents the country of origin

of the headquarter/mother firm, which is derived through Bankscope or other sources (Bloomberg,

BusinessWeek, Reuters and firms’ corporate webpages). The table outlines the number of included

financial firms per Asian country. In case no significant foreign ownership exists (<5%) this is highlighted

by ‘non-significant.’ In addition, the predominant corporate governance model is highlighted

(Anglo-American or non-Anglo-(Anglo-American). Data from years 2006 and 2010 has been used in case, respectively,

2005 or 2009 was not available.

Example frame 1

Table: number of financial firms per country

Country

Asian financial

firms

India

13

Indonesia

11

Malaysia

4

Philipines

5

Singapore

5

South-Korea

4

Tailand

6

Taiwan

8

Total

57

Abbreviations

• AA = Anglo-American Corporate Governance model

• Non-AA = Non-Anglo-American Corporate Governance model

Asian  financial  

bank  

 

Foreign  Owner  %  

 

Headquarter  firm  

(Country  of  

origin)  

India

1.Bank of India

Predominant 2005:

None

Predominant 2009:

Non-AA (France)

2. ICICI Bank Limited

Predominant 2005:

Non-AA (Singapore)

Predominant 2009:

Non-AA (Germany and Singapore)

Bank  of  India  

2005  

Non-­‐significant  

Bank  of  India  

2009  

Society  Generale  Holding  

de  ParDcipaDons  

(France)  

37,00%  

ICICI  Bank  Limited  

2005  

Allamanda  Investments  

PTE  LTD  

(Singapore)  

7,57%  

ICICI  Bank  Limited   2009  

3. Punjab National Bank

Predominant owner 2005: None

Predominant owner 2009: United States

4. Federal Bank Ltd (The)

Predominant 2005: None

Predominant 2009: AA (Great Britain)

Punjab  National  

Bank  

2005  

Non-­‐significant  

Punjab  National  Bank  

2005  

Lazard  Asset  

Management  LLC  

(United  States)  

5,15%  

Federal  Bank  

Ltd  

 

2005  

No  data  for  2005  

5. Indusind bank Limited

Predominant 2005:

AA (Great Britain)

Predominant 2009:

AA (United States)

6. ING Vysya Bank Ltd.

Predominant 2005:

Non-AA (The Netherlands, Belgium)

Predominant 2009: Non-AA (The Netherlands)

Indusind  bank  Limited   2005  &  2006  

Amam  Limited  A/C   Invest-­‐India  (MauriDus)  

Limited   5%  

Great  BriDan  

Invest  India  MauriDus   LTD  

5%   No  informaDon  

Indusind  bank  Limited  

2009  &  2010  

The  Bank  of  New  York  

(GDR-­‐Depository)  

15,76%  

(USA)  

ING  Vysya  Bank  

2005  

ING  MauriDus  

Holdings  

34,07%  

The  Netherlands  

ING  MauriDus  

Investments  I  

9,75%  

The  Netherlands  

Dilip  Ramniklal  

Mehta  n.a.  

5%  

Belgium  

Aberdeen  Asset  

Management  Asia  

(MauriDus)  

5,19%  

United  Kingdom    

7. Karnataka Bank Limited (The)

Predominant 2005:

AA (United States)

Predominant2009:

AA (United Kingdom)

8. IDFC Limited:

Predominant 2005: None

Predominant 2009: Non-AA (Malaysia)

Karnataka  Bank  

Limited  

 

2005  

Oppenheimer  

Funds  INC  

5%  

United  States  

Karnataka  Bank  Limited    

2009  

HSBC  Financial  Services     (United  Arab  Emirates)  

9. HDFC Bank

Predominant 2005: AA (United States)

Predominant 2009: AA (United States)

10. Yes Bank

Predominant 2005: None

Predominant 2009: AA (The Netherlands)

HDFC  bank  

2005  

JP  Morgan  Chase  

Bank  (n.a)  

19.47%  

United  States  

HDFC  bank  

2009  

JP  Morgan  Chase  

Bank  (n.a)  

17.70%  

United  States  

YES  bank  

2005  

_Significant  

Non-­‐

YES  bank   2009   Rabobank  InternaDonal   Holding  B.V.  (The   Netherlands)   18.17%   Orient  Global  Tamarind  

Fund  PTE  LTD   (Singapore)  

5%   Frankiln  Templeton   Multual  Fund  (India)  

5.02%   United  States  

HSBC  Financial  Services     (India)  

11.

Karur Vysya Limited (THE)

Predominant 2005: (Non-AA) Palestine

Predominant 2009: (Non-AA) Palestine

12. Axis Bank

Predominant 2005: None

Predominant 2009: AA (United Kingdom)

13.

Vijaya bank

Predominant 2005: none

Predominant2009: AA (United Kingdom)

Karur  Vysya  Limited     2005  &  2006   Lotus  Global   Investments  LTD   (MauriDus)   5%   PalesDne  

Indonesia

14. PT Bank CIMB Niaga TBK

Predominant 2005:

Non-AA (Malaysia)

Predominant 2009:

Non-AA (Malaysia)

Vijaya  Bank  

2005  

_significant  

non-­‐

Vijaya  

Bank  

2009  

The  Children's   Investment  FUnd   Management  Master   fund  (Caiman  Islands)  

15. Bank Danamon Indonesia Tbk

Predominant 2005 : Non-AA (Singapore)

Predominant 2009:

Non-AA (Singapore)

16. Bank Pan Indonesia Tbk

Predominant 2005:

AA (Australia & New Zealand)

Predominant 2009:

AA (Australia & New Zealand)

PT  Bank  CIMB  Niaga  Tbk  

2009  

CIMB  Group  SDN  BHD  

(CIMB  Group  Holdings)  

77,24%  

Malaysia  

Malaysia  

PT  Bank  CIMB  Niaga  

Tbk  

2005  

Asia  Financial  

Indonesia  

(Singapore)  

69,60%  

Singapore  

Germany  

Morgan  Stanley  

Securities  Limited  GB  

(USA)  

6,8%  

PT  Bank  CIMB  Niaga  

Tbk  

2009  

Asia  Financial  Indonesia  

(Singapore)  

67,63%  

Singapore  

17. Bank Permata Tbk

Predominant 2005:

AA (Hong Kong)

Predominant 2009:

AA (Hong Kong)

Bank  Pan  

Indonesia  Tbk  

2005  &  2006  

Votraint  N  1103  PTY  

LTD  (Australia)  

29%  

Australia  &  New  

Zealand  Bank  

 

Bank  Pan  

Indonesia  Tbk  

2009  

Votraint  N  1103  PTY  

LTD  (Australia)  

38,48%  

Australia  &  New  

Zealand  Bank  

Bank  Permata  Tbk  

2005  

Astra  InternaDonal  

31,55%  

Hong  Kong  

Jardine  Cycle  &  

Carraige    

15,8%  

 

Hong  Kong  

Standard  Chartered  

Bank  

(Great  Britain)  

31,55%  

Bank  Permata  Tbk  

2009  

Astra  InternaDonal  

44,51%  

Hong  Kong  

18. Bank Internasional Indonesia

Predominant 2005:

Non-AA (Malaysia and Singapore)

Predominant 2009:

Non-AA (Malaysia)

19. Bank OCBC NISP Tbk

Predominant 2005:

Non-AA (Singapore)

Predominant 2009:

Non-AA (Singapore)

20. PT Bank UOB Indonesia

Predominant 2005:

None

Predominant 2009:

Non-AA (Singapore)

21. Bhakti Investama Tbk (Pt)

Predominant 2005:

Non-AA (The Netherlands and Singapore)

Predominant 2009:

Non-AA (The Netherlands, Singapore, Switzerland)

Bank  OCBC   NISP  tbk  2009   OCBC  Overseas   Investments   PTE.  LTD   (MauriDus)   81.90%   OCBC  Bank   WO   (Singapore)   InternaDonal   Finance   CorporaDon   (SupranaDonal)   7.17%   Government   United  States   23.59%   Government   Japan   5.86%   Government  of   Germany   5.35%   Government   France   5.03%   Government   United  Kingdom   5.02%   Other  non-­‐ significantOther s  Non  -­‐   significant  

PT  Bank  UOB  

Indonesia  

2005  

Non  -­‐  significant  

22. PT Bank Mayapada Internasional TBK

Predominant 2005:

None

Predominant 2009:

AA(United States)

Bhakti  Investama    

2005&2006  

UOB  Kay  Hian  Private  

Limited  (Singapore)  

17.36%  

ABN  AMRO  Nominees  

(Singapore)  

16.05%  

The  Netherlands  

HSBC  PV  BK  (Suisse)  

6.25%  

United  Kingdom  

 

ABN  AMRO  Bank  

(Singapore  Branch)  

16.65%  

Netherlands  

Bhak:  Investama    

2009  

UOB  Kay  Hian  Private  

Limited  (Singapore)  

6.37%  

UBS  Singapore  

5.72%  

Switzerland    

ABN  AMRO  

Nominees  Singapore  

8.58%  

The  Netherlands  

PT  Bank  Mayapada  

Internasional  

2005  

Non-­‐significant  

PT  Bank  Mayapada  

Internasional  

2009  

Avenue  Luxemburg  Sarl  

(Luxemburg)  

23.03%  

United  States  

Dubai  Ventures  

(United  Arab  Emirates)  

23.

Bank Nusantara Parahyangan

Predominant 2005:

Non-AA (Singapore)

Predominant 2009:

Non-AA (Japan and Singapore)

24.

BFI Finance Indonesia Tbk (PT)

Predominant 2005:

AA (Great Britain and United States)

Predominant2009:

None

Bank  Nusantara   Parahyangan  

2005&2006  

Hermawan  Ladang  Arata  PT   (Indonesia)  

14.03%   Singapore  

Bank  Nusantara   Parahyangan  

2009  

Hermawan  Ladang  Arata   PT   (Indonesia)   7.5%   Singapore   Acom  Co  LTD   (Japan)   55,68%   Japan  

Bank  of  Tokyo     (Indonesia)  

20%   Japan  

BFI  Finance  Indonesia  

 

2005  

HSBC  Bank  PLC  

17%  

Great  Britain  

HSBC  Fund  Services  

(Togo)  

13%  

Great  Britain  

Malaysia

25. RHB Capital Berhad

Predominant 2005: none

Predominant 2009: Non-AA (United Arab Emirates)

26.

AMMB Holdings Berhad:

27. Hwang – DBS (Malaysia) Berhad:

Predominant 2005:

Non-AA (Singapore)

Predominant 2009:

Non-AA (Singapore)

28. K&N Kenanga Holdings Berhad

Predominant 2005:

Non-AA (Germany)

Predominant 2009:

Non-AA (Germany)

AMMB  Holdings  

Berhad  2009  

ANZ  Funds  PTY  Ltd  

(Australia)  

19.17%  

Hwang  –  DBS   (Malaysia)  Berhad   2005   DBS  Vickers   SecuriDes   (Malaysia)   23.65%   Singapore)   Hwang  –  DBS   (Malaysia)  Berhad   2009   DBS  Vickers   SecuriDes   (Malaysia)   23.51%   Singapore   HSBC  Nominees   (Tempatan)  SDN   BHD  (Malaysia)   7.84%     United  Kingdom     K&N  Kenanga   Holdings  Berhad   2005   Deutsche  Asia   Pacific  Holdings   PTE  Ltd  (Singapore)   16.55%   Germany     Ramli  Bin  Ismail    

(n.a)   12.45%   K&N  Kenanga   Holdings  Berhad   2009  &  2010   Deutsche  Asia   Pacific  Holdings  PTE  

Ltd  (Singapore)   16.55%  

Germany     Deutsche  Bank  AG  

(Germany)   16.60%   Tengku  Noor   Zakiah  BinD  (n.a)  

7.17%   Ramli  Bin  Ismail    

Phillippines

29.

Bank of the Philippine Islands

Predominant 2005: Non-AA (Singapore and Japan)

Predominant 2009: Non-AA (Singapore and Japan)

30.

Rizal Commercial Banking Corp

Predominant 2005: Non-AA (Japan)

Predominant 2009: None

Bank  of  the  

Philippine  Islands:  

2005  &  2006  

Ayala  CorporaDon  

(Philippines)  

24.15%  

Mitsubishi  

CoproraDon  (Japan)  

10.63%  

Ayala  DBS  Holdings  Inc  

(Philippines)  

21.33%  

DBS  Bank  Ltd  

(Singapore)  

40%  

Bank  of  the  Philippine  

Islands:  

2005  &  2006  

Ayala  CorporaDon  

(Philippines)  

19.29%  

Mitsubishi  

CoproraDon  (Japan)  

10.63%  

Ayala  DBS  Holdings  Inc  

31.

Security Bank Corporation

Predominant 2005: Non-AA (Taiwan)

Predominant 2009: None

32.

Philtrust Bank – Philippine Trust Company

Predominant 2005: AA (United States)

Predominant 2009: AA (United States)

Rizal  Commercial  

Banking  Corp  

2009  

Non-­‐Significant  

Security  Bank  

CorporaDon  

2005  

Hung  Group  of  

Taiwan  (Taiwan)  

5.7%  

Security  Bank  

CorporaDon  

2009  

Non-­‐Significant  

Philtrust  Bank  –  

Philippine  Trust  

Company  

2005  

US  AutomoDve  Co  Inc.  

(Philippines)  

18.40%  

United  States  

Seabreeze  enterprice  Inc.  

(United  States)  

19.47%  

Orient  Enterprises  INC  

(United  States)  

33.

Export & Industry Bank Inc.

Predominant 2005: AA (Hong Kong)

Predominant 2009: AA (Hong Kong)

Singapore

34.

DBS Group Holdings

Predominant 2005: AA (United States and United Kingdom)

Predominant 2009: AA (United States and United Kingdom)

Philtrust  Bank  –  

Philippine  Trust  

Company  

2009  

US  AutomoDve  Co  Inc.  

(Philippines)  

21.80%  

United  States  

Seabreeze  enterprice  

Inc.  (United  States)  

19.48%  

Orient  Enterprises  INC  

(United  States)  

18.47%)  

Export  &  Industry  

Bank  Inc.  

 

2004  

Medco  Holdings  Inc.  

(Philippines)  

16.83%  

Hong  Kong  

Export  &  Industry  

Bank  Inc.  

 

2009  

Medco  Holdings  Inc.  

(Philippines)  

35.

Oversea-Chinese Banking Corporation Limited OCBC

Predominant 2005: AA (United States & United Kingdom)

Predominant 2009: AA (United States & United Kingdom)

36.

United Overseas bank

Predominant 2005: AA (United States and United Kingdom)

Predominant 2009: AA (United States and United Kingdom)

37. Kim Eng Holdings Limited

Predominant 2005: None

Predominant 2009: AA (United Kingdom)

38. Sing Investments & Finance Limited

Predominant 2005: Non-AA (Malaysia)

Predominant 2009: None

United  Overseas   bank   2005   CiDbank  Nominees   Singapore  PTE  LTD   (Singapore)   6.53%   United  States   HSBC  (Singapore)   Nominees  PTE  Ltd     5.55%   United  Kingdom  

Raffles  Nominees  (PTE)   LTD  (Singapore)   12.44%   United  Kingdom   United  Overseas   bank   2009   CiDbank  Nominees   Singapore  PTE  LTD   (Singapore)   7.42%   United  States     HSBC  (Singapore)   Nominees  PTE  Ltd     7.35%   United  Kingdom  

Kim  Eng  Holdings  

Limited

 

2005  

Non-­‐Significant  

others  

Kim  Eng  Holdings   Limited  

2009  

Mitsubishi  UFJ   SecuriDes  Holdings  Co.  

LTD  (Japan)   19.03%   HSBC  (Singapore)   Nominees  PTE  LTD    

39. Singapura Finance Ltd

Predominant 2005: Non-AA (Malaysia)

Predominant 2009: Non-AA (Malaysia)

10

Sing  Investments  &   Finance  Limited   2005   Malayan  Banking   Berhad  (Malaysia)   8.48%   Raffles  Nominees   (Singapore)  PTE  LTD     5.06%   United  Kingdom  

Sing  Investments  

&  Finance  Limited  

2010  

Non-­‐Significant  

Singapura  Finance  Ltd

 

2005  

Teo  Hang  Sam  Reality  

SDN  BHD  (Malaysia)  

5.2%  

Singapura  Finance  Ltd

 

2009  

Teo  Hang  Sam  Reality  

SDN  BHD  (Malaysia)  

South-Korea

40.

Shinhan Financial Group

Predominant 2005: none

Predominant 2009: Non-AA (France)

41.

Hana Financial Group

Predominant 2005: Non-AA (Singapore)

Predominant 2009: AA (United States)

Shinhan  

Financial  Group  

2005  

Non-­‐  Significant  

Shinhan  

Financial  Group    

2009  &  2010  

BNP  Paribas  

(France)  

6.35%  

Hana  Financial  Group   2005  &  2006   Angelica  Investments     (Korea)   9.06%   United  States   Temasek  Holdings   (Singapore)   9.88%  

42. Korea Exchange Bank

Predominant 2005: AA (United States)

Predominant 2009: AA (United States)

43. Jeonbuk Bank

Predominant 2005: AA (United States)

Predominant 2009: None

Korea  Exchange  

Bank  

2005    

LSF-­‐KEB  Holdings  

(Belgium)  

50.53%  

United  States  

Commerzbank  

AG  (Germany)  

14.61%  

Korea  Exchange  

Bank  

2009  

LSF-­‐KEB  Holdings  

(Belgium)  

51.02%  

United  States  

 

Jeonbuk  Bank  

2005  

Oppenheimer  Funds  

(United  States)  

7.28%  

The  Korea  Fund  Inc  

(United  States)  

5.53%  

Jeonbuk  Bank  

Thailand

44.

Thanachart Capital Public Company Limited

Predominant 2005:

AA (Indonesia)

Predominant 2009:

Indonesia

45.

TMB Bank Public Company Limited

Predominant 2005:

Non-AA (Singapore)

Predominant 2009:

Non-AA (Netherlands and Singapore)

Thanachart  Capital  

Public  Company  

Limited  

2005  

State  Street  Bank  and  

Trust  Company  (United  

States)  

8.99%  

Com  Link  Co.  LTD  

(Indonesia)  

10%  

Thanachart  Capital  

Public  Company  

Limited  

2009  

Com  Link  Co.  LTD  

(Indonesia)  

7.61%  

TMB  Bank  Public  

Company  Limited  

2005  &  2006  

DBS  Bank  

(Singapore)  

16.1%  

TMB  Bank  Public  

Company  Limited  

2009  

DBS  Bank  

(Singapore)  

6,80%  

ING  Bank  NV  (The  

46.

Bangkok First Investment & Trust PCL

Predominant 2005: Non-AA (Switzerland)

Predominant 2009: Non-AA (Switzerland)

47. Seamico Securities Public Company Limited:

Predominant 2005: None

Predominant 2009: AA (Australia and Hong Kong)

Bangkok  First   Investment  &  Trust  

PCL   2005  &  2006  

  UBS  AG  Singapore  

5,11%   S  

Bangkok  First   Investment  &  Trust  

PCL   2005  &  2006  

  UBS  AG  Singapore  

5,11%   Switzerlland  

Seamico  Securities  

Public  Company  

Limited  

2005  

Non-­‐  significant    

 

48. Finansa Public Co

Predominant 2005: AA (United States)

Predominant 2009: AA (United States)

49. Bank of Ayudhya Public Company Ltd.:

Predominant 2005: None

Predominant 2009:

AA (United States)

Finansa  Public  Co  

2005  

Morgan  Stanley  &  Co   InternaDonal   (Great  Britain)   20,19%  

United  States  

Finansa  Public  Co  

2009  

Morgan  Stanley  &   Co  InternaDonal  

(Great  Britain)   28,11%  

United  States   Jefferies  &  Company  

Inc.   (United  States)  

6,98%  

Bank  of  Ayudhya  

Public  Company  Ltd  

2005  

Non-­‐  Significant  

others  

Bank  of  Ayudhya  

Public  Company  Ltd  

2009  

GE  Capital  InternaDonal  

Holdings  CorporaDon  

Taiwan

50.

Fubon Financial Holding Co Ltd

Predominant 2005:

None

Predominant 2009:

Non-AA (The Netherlands)

51.

Shin Kong Financial Holding Co. Ltd

Predominant 2005: none

Predominant 2009:

Non-AA (Japan)

Fubon  Financial  

Holding  Co  Ltd  

2005  

Non-­‐Significant  

Fubon  Financial   Holding  Co  Ltd   2009  

ING  Life  Insurance   Company  of  America  

(Taiwan)   5%  

The  Netherlands  

Shin  Kong  Financial  

Holding  Co.  LTd  

2009  

Non-­‐significant  

Shin  Kong  Financial  

Holding  Co.  LTd  

2009  

The  Dai-­‐Ichi  Mutual  LIfe  

insurance  company  

52. E. Sun Financial Holdings Co Ltd

Predominant 2005: Non-AA (The Netherlands)

Predominant 2009: Non-AA (The Netherlands)

53. Union Bank of Taiwan

Predominant 2005: Non-AA (China)

Predominant 2009: Non-AA (China)

E.  Sun  Financial  

Holdings  Co  Ltd  

2005  &  2006  

Adahlis  Holding  BV  

(The  Netherlands)  

6.30%  

E.  Sun  Financial  

Holdings  Co  Ltd  

2008  &  2009  

Adahlis  Holding  BV  

(The  Netherlands)  

5.90%  

Union  Bank  of  

Taiwan  

2005  

Chi-­‐Shun  Investment  

Co.  Ltd  (China)  

5.20%  

Union  Bank  of  Taiwan   2008  &2009  

54. EnTie Commercial Bank

Predominant 2005: None

Predominant 2009: Non-AA (The Netherlands)

55. Jin Sun Financial Holding Co. Ltd

Predominant 2005:

Non-AA (Japan)

Predominant 2009:

Non-AA (The Netherlands and Japan)

EnTie  

Commercial  Bank  

2005  

Non-­‐significant  

EnTie  Commercial   Bank   2009  &  2010   Longreach  Edith   Investment  CoöperaDef   2  U.A.  (The   Netherladns)   18,36%   Longreach  Edith   Investment  CoöperaDef  

U.A.  (The  Netherladns)   18,36%   Longreach  Edith   Investment  CoöperaDef   3  U.A.  (The   Netherladns)   13.47%   Olhe  Cayman  Limited   Partnership  (Cayman  

Island)     7,49%  

n.a.  

Jin  Sun  Financial  

Holding  Co.  Ltd  

2005  &  2006  

Shinsei  Bank  

Limited  (Japan)  

31.80%  

Jin  Sun  Financial   Holding  Co.  Ltd   2009&2010  

Sipf  b.v     (The  Netherlands)  

30.48%   Shinsei  Bank  limited  

56.

Cosmos Bank

Predominant 2005:

AA (United States)

Predominant 2009:

AA (United States)

57.

Ta Chong Bank Ltd.

Predominant 2005:

None

Predominant 2009:

Non- AA (The Netherlands)

Cosmos  Bank  

2005  &  2006  

GE  Capital  Asia  

(n.a.)  

10%  

United  States  

Cosmos  Bank   2009  

GE  Capital  Asia   Investment  Holdings   B.V.  (The  Netherlands)  

40.75%  

United  States  

Ta  Chong  Bank  

2005  

Non-­‐significant  

Ta  Chong  Bank   2009  

Zhong  Xi  Company  Ltd   (Taiwan)