Malaysia
Public Bank net profit up 14.3% to $1.08b in 9M 2023
Total loans rose faster than the Malaysian banking industry average.
Public Bank net profit up 14.3% to $1.08b in 9M 2023
Total loans rose faster than the Malaysian banking industry average.
Maybank profits up 21% to $1.48b in 9M 2023
Profit before tax is up 14.4% in the first nine months of the year.
Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia
Alipay+ will add more partners in the near future.
HLB and Cagamas concludes RM300m green deal
It is Malaysia's first corporate issuance relating to green housing loans and financing.
Malaysian banks face flattish NIMs amidst slower-than-expected loan growth
Dividend yield will remain attractive, however, says UOB Kay Hian.
RHB Islamic Bank targets $1.28b in wealth management by 2026
Its new Visa multi-currency card and new Islamic wealth portal will help achieve this goal.
RMB on the lookout for new bancassurance partner: report
Deal could be worth over RM1b, sources said.
Public bank ties up with gov’t to finance SMEs
Domestic exposure for SME-based commercial lending is equivalent to an 18.6% industry market share.
UOB Malaysia unveils supply chain management services in UOB Infinity platform
UOB clients will be able to digitally connect to buyers, suppliers, and distributors across Asia.
CIMB raises sustainable finance target to $13.7b by 2024
The bank has already directed close to $9.6b in sustainable finance since 2021.
Grab-owned digital bank scores Bank Negara Malaysia approval
The bank started operations last 1 September.
Strong income drives CIMB to a 26.2% net profit growth in H1
An interim dividend of 17.5 sen per share has been proposed.
Maybank’s first half profits surge 26% YoY
Its further expansion was dampened by a contraction in net fund-based income.
Alipay+, Malaysia’s PayNet ink deal for smooth digital payments
This further expands the regional cross-border digital payment plan of Alipay+.
Public Bank posts 18% YoY net profit growth for 1H 2023
Its overseas operations accounted for 7.8% of the overall earnings.
MUFG closes $50m Islamic green trade finance facility for Sime Darby Motors
Proceeds will be used for working capital needs related to EVs.
Public Bank ties with PRO-NET, bolster presence in NEV industry
The bank commits NEV lending to reach RM33b by 2025.
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