Malaysia

Dato’ Muzaffar Hisham is BPMB’s new group CEO.

Nonbank lenders are now providing capital even to low-risk corporate clients.

Malaysia has come a long way in promoting financial inclusion. With more than 96% of adults now having access to formal financial services, up from just 46% in 2011, the country is often praised as a model in Southeast Asia.

Productive sectors need more capital to stimulate the slowing economy.

Clients have reportedly turned cautious.

The branch is open from 12:30 PM to 7PM, including weekends.

Merchantrade and JAGS were penalized for non-compliance with the Money Services Business Act 2011.

AI can help financial institutions’ marketing teams get the job done.

Value migration to non-bank players with a "focused" model is accelerating.

It will enable 3 million migrant workers in Malaysia to remit funds in local currencies.

The market was led by Maybank which increased its value by 52% to US$5.2b.

BNM also announced a new technical adviser and an assistant governor.

Revenue from such payments are 6 times higher in 2024 than 2023.

Forward30 aims to position CIMB for long-term growth.

Loan loss coverage ratio dipped to 128.6% from 129% previously.

They’ve proposed a second interim dividend of 20 sen per share.