Malaysia
Malaysian banks improve margins in Q2 as deposit costs ease
Malaysian banks improve margins in Q2 as deposit costs ease
CIMB leads Malaysian banks in H1 2024 returns.
Malaysia's private loans grew 5.5% in July
Growth of working capital loans drove up the number of business loans.
CIMB logs 14% net profit growth in H1; interim dividend is 20 sen
CEO Novan Amirudin attributed this to operating income growth, amongst others.
Zurich and GXBank target online scams with new insurance
Coverage price ranges from $0.23 per month to $0.92 per month.
Malaysia’s central bank names new monetary policy committee member
Datuk Yogeesvaran Kumaraguru has been named an external member for a 2-year term.
Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen
This is thanks to its non-interest income growing 28.4%.
Malaysia’s central bank fines Bank of China for unapproved system relocation
The bank reportedly failed to obtain approval before relocating the systems.
Malaysia’s corporate loans grow faster in Q2
Household loans grew at the same pace as in Q1.
SME Bank partners with MARC to support Malaysian SME growth
They will combine their expertise in data and business coaching.
GHL enables QR payments from ShopBack in Malaysia
The partnership is expected to benefit over 6 million shoppers in Malaysia
Malaysia’s outstanding loans up 6% in June
Business loans lifted overall growth, whilst household growth was slower.
Malaysia’s business loans slated for up to 7% growth in 2024
However, softer credit demand is seen from the household segment.
WeChat Pay Malaysia ceases e-wallet services
Payment services will cease on 1 September 2024.
Malaysia's bid for BRICS membership to spur banking overhaul
However, challenges abound when moving away from U.S. and SWIFT reliance.
Malaysia launches amended Money Services Business Act
It clarifies offenses and the punishment for illegal operators.
Malaysia raids 12 premises for suspected financial offences
A total of 92 bank accounts were frozen.
RHB announces 4 new senior appointments
Mohamad Bin Rastam Shahrom is the new group CFO.
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