Malaysia
RHB, Boost secure Malaysian digital bank license
Boost will own 60% of the digital bank whilst RHB will own 40%.
RHB appoints Mohd Rashid Mohamad as new group CEO
He formerly served as managing director of group wholesale banking.
Maybank appoints Dato’ Khairussaleh Ramli as group president and CEO
He rejoins Maybank from RHB, where he served as group managing director.
UOB Malaysia puts into motion strategic initiatives to accelerate digital agenda
Since 2018, the Bank has embarked on a digital transformation journey to deliver seamless customer experience and frictionless banking.
Malaysia’s Kenanga Investment Bank appoints non-independent non-executive director
Choy Khai Choon also serves as independent non-exec chairman at Zurich Life.
RHB Malaysia earns its 9th Domestic Foreign Exchange Bank of the Year trophy at the 2021 ABF Awards
The multinational regional financial services provider was recognised for its hassle-free digital FX platform assisting customers with simple, seamless, and convenient transactions.
Maybank launches programme to help Malaysian halal SMEs go overseas
The products are now available at Eccellente by HAO Market in Singapore.
CIMB Group core profits more than tripled in 9M 2021
But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.
Chart of the Week: Malaysia’s card payments market to be worth $80.2b in 2025
Market value is expected to rebound 8.5% in 2020 after declining last year.
Why Malaysian banks are spending more on financial wellness apps
They spent the most amongst other markets in the Asia Pacific region.
Negative gov't intervention fuels rise of Malaysian banks’ systematic risks
Officials’ moratorium programs are hurting lenders’ profitability.
HSBC Amanah bags Credit Card Initiative of the Year - Malaysia at ABF Retail Banking Awards 2021
Its ESG Charity credit card feature highlights the bank’s commitment to sustainability.
Kenanga Investment Bank net profit surges 4-fold to RM64.7m in H1
This reflects an almost four-fold increase from the same period last year.
AirAsia's BigPay secures $100m from South Korean conglomerate
The funding is just one step closer to BigPay’s ambition to be the largest challenger bank in SEA.
India bans Mastercard from issuing new cards in the country
Mastercard has not complied with data storage rules, the Reserve Bank of India said.
Commentary
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