Malaysia

Malaysian banks “well-placed” to weather 2023 headwinds: S&P

Credit costs are expected to stay flattish and slowing credit growth should be manageable.
12 hours ago

Malaysian banks “well-placed” to weather 2023 headwinds: S&P

Credit costs are expected to stay flattish and slowing credit growth should be manageable.
12 hours ago

Public Bank’s net profit up 3% to $1b in 2022

A second interim dividend of 4 sen per share has been announced.
5 days ago

Islamic banks must boost market share before any “radical” changes: analysts

But an abolition of the fractional reserve banking system may be a good idea.

Islamic finance professionals more open to adopting crypto, digital assets: survey

Lack of need to pay for interest rates appeals to conservative Muslims.

Public Bank teams up with Sunway Property for financing green development projects

Customers can avail of a special sustainable financing package.

CIMB Group core net profit jump 18.4% in H1

Interim dividend for the period is 13 sen per share.

Public Bank H1 profits stumble over one-off prosperity tax

This was partially offset by higher net interest income.

Maybank net profit down 9.2% to $415.7m in Q2

Fee-based income rose, but group braces for expected credit losses.

Malaysia’s card payment market value to grow 15.2% in 2022

A perfect storm for card adoption is brewing in the country.

Instarem enables real-time payments to Malaysia

Workers can save money from foreign exchange fees and transportation costs.

Public Bank net profits down 8.6% in Q1 as one-off tax bites

The operating environment remains challenging, the bank’s founder said.

Maybank adopts cautious outlook amidst geopolitical tensions, volatility

The Malaysia lender saw its Q1 profits fall compared to the same period last year.

Malaysia’s new digital banks fated to remain niche in medium term

Regulatory limits and competition make it unlikely to break into the mainstream until 2026.