Malaysia
CIMB Bank, CIMB Islamic Bank cut rates by 25bp
All financing facilities based on BLR and BFR will be slashed 0.25%.
CIMB Bank, CIMB Islamic Bank cut rates by 25bp
All financing facilities based on BLR and BFR will be slashed 0.25%.
Malaysian banks' NPLs to rise as political turmoil adds to virus' impact
Asset quality problems may become permanent if disruptions persist.
Malaysia's latest OPR cut needed to cushion COVID blow
The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.
Hong Leong Bank exceeds forecast with $330m net profit in H1 2020
Provisions declined with Q2 2020 net credit cost at 5bp.
Goldman Sachs pleads not guilty in 1MDB bond sales fraud
The bank is accused of misleading investors on $6.5b in bond sales.
Malaysia pushes QR-payments adoption to combat cash reliance
The DuitNow QR System is a key factor to drive interest in cashless payments.
Malaysian banks boast ample capital despite higher buffer requirement
The central bank has currently set the countercyclical buffer at 0%.
Coronavirus will have little impact on Malaysian banks: analyst
Overnight policy rate cut and the 2019 nCov dented the sector.
Chart of the Week: Malaysia's loan growth halved to 3.9% in 2019
Both household and non-household loan growth slowed.
Malaysian small lenders endangered by digital banks' entrance
More competition could jumpstart a build-up of debt within lower-income borrowers.
Grab, AirAsia, Razer in talks for Malaysian digital banking licence bid
Up to five licences will be granted to either conventional or Islamic banks.
Chart of the Week: Malaysian card payments to hit $81b by 2023
The interchange fee cap and adoption of new financial tech is helping reduce cash reliance.
Malaysian banks' net profit to grow 4.8% in 2020: report
But NIMs are expected to taper off a further 3bps over the period.
CIMB allots $730m for corporate sustainable loans
Borrowers will receive interest rate rebates upon reaching pre-agreed targets.
Malaysian SMEs complete UOB-backed digitisation programme
It is expected to improve their productivity by up to 30%.
Malaysia's loan growth slows to 3.2% in October
Loan applications slimmed by 1.1% in the same month.
CIMB allocates $12m for micro SMEs
Micro SMES may received financing of up to $11,991.
Thought Leadership Centre
In Association with
In Association with
Most Read
1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. Morgan Stanley opens Southeast Asia headquarters in Singapore 3. DBS, UnionPay launch multi-currency debit card 4. Southeast Asia’s digital banks – the road from good to great 5. Maybank rolls out green financial advisory service to SEA SMEsResource Center
Read Here
Advertise
Sign Up
Event News
Event News
Principled AI key to transformation of financial services
![Principled AI key to transformation of financial services]()
Information Technology
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
Commentary
Southeast Asia’s digital banks – the road from good to great
Reshaping fraud detection in Asian finance with knowledge graphs
Why is willful default a growing threat to Bangladesh’s financial stability?
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion