Malaysia
Malaysia’s Public Bank offers 6-month moratorium to customers
Malaysia’s Public Bank offers 6-month moratorium to customers
This is in line with the Pemulih stimulus package announced by the government.
UOB Malaysia appoints new deputy CEO
Ng Wei Wei will retain her current role as head of wholesale banking alongside this promotion.
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
Public Bank reassures COVID-hit loan customers it will continue to offer support
The bank has assisted over 160,000 customers affected by the pandemic.
Malaysia’s Maybank will no longer finance new coal activities: report
The bank was criticized by NGOs in Malaysia and Indonesia for funding coal plants.
Malaysian banks' profits to recover faster than SEA peers: Moody's
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
Malaysian banks’ profits to recover faster than SEA peers: Moody’s
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
DBS appoints Abdul Raof Latiff as new DBS Malaysia country head
They also appointed a new Group Head of Digital for Institutional Banking last January to replace Latiff.
CIMB posts $293.5m net profit for FY2020
Higher loan provisions affected the bank's performance.
Demand for Islamic banking set to soar in South Asia, SEA
The large untapped population in these regions and government support will drive long-term expansion.
Malaysia's Instapay Technologies, Onfido partner for ID verification
Instapay users can now sign up through a selfie.
CIMB Bank to open branches in Malaysia over two weekends
This is to facilitate financial aid to clients upon the expiry of the loan moratorium.
Chart of the Week: Pandemic drives e-commerce adoption in Malaysia
International e-wallets such as Google Pay and Masterpass are gaining steam.
Malaysia drops criminal charges vs Goldman Sachs over 1MDB
The bank has earlier agreed to pay $3.9b as settlement.
CIMB sees H1 net profit drop to $189m
Elevated loan provisions triggered the fall.
Maybank's Q2 profit sinks more than half to $225.95m
Impairment allowances surged to $417m.
Retail financing to anchor Malaysian Islamic banks amidst downturn
Financial growth will drop but will remain higher due to Islamic banking expansion.
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