Malaysia
Malaysian banks “well-placed” to weather 2023 headwinds: S&P
Malaysian banks “well-placed” to weather 2023 headwinds: S&P
Credit costs are expected to stay flattish and slowing credit growth should be manageable.
Public Bank’s net profit up 3% to $1b in 2022
A second interim dividend of 4 sen per share has been announced.
Malaysian banks’ asset quality to deteriorate in 2023 as moratoriums expire
NPL ratio may rise to up to 3% over the next two years.
Malaysia’s Public Bank enables Google Wallet payments for Visa card holders
They are amongst first to enable it in Malaysia.
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.
Maybank sets financed emission baseline, adopts ESG transition strategy
It is the first bank in Malaysia to do so.
Malaysia’s card payment market value to grow 15.2% in 2022
A perfect storm for card adoption is brewing in the country.
CIMB Islamic, StanChart Saadia enter US$227m Collateralised Commodity Murabahah transaction
Proceeds will be used for SDG-compliant projects.
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.
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The company was recognised for accelerating its growth and cementing leadership in wealth management.
