Malaysia

With better a collection system, SME Bank expects its NPLs to decrease to 15% by year-end, from 17% last year.

A study showed that Malaysian Banks met customer expectations better than any other group.

Top experts and major players from the industry shared ways to create sustainability in SMEs.

CIMB predicts that its business in Indonesia will surpass that from its home base of Malaysia in profit before tax in three years.

Maybankard Visa debit or credit cardholders can enjoy free shipping cost of up to US$25 (RM76) when they shop at any US or UK merchant.

BSN posted over 600,00 transactions nationwide worth RM50 million or US$15.8 million since introducing its Banking Beyond Branches service in January.

Malaysia-India trade stands to improve with the recent deal among a Malaysian and two Indian banks.

The Malaysian police suggested that banks set up a central security control system to monitor every ATM to detect any undesirable activities.

Shares of Affin Holdings Bhd surged to RM3.38, on speculation that Bank of East Asia could be divesting its 23.5% stake in Affin.

Malaysia's centra lbank is luring commercial banks from the Gulf to trade more in the country’s syariah-compliant money market with an Islamic overnight funding facility.

Public Bank is redeeming the US$400million subordinated notes it had issued on June 20, 2005.

RHB Capital will make further overseas acquisitions after acquiring OSK Investment Bank.

CIMB Bank is hoping to grow its retail deposit business by 17 to 18%  this year from RM53 billion last year.

RHB Capital Bhd has signed a deal to acquire OSK Investment Bank Bhd for RM1.977 billion or US$625.9 million in cash and stocks.

Maybank Investment Bank Berhad (MIB) has obtained an investment banking licence from Hong Kong.

RHB Capital saw its pre-tax profit for the first quarter ended March 31, 2012 fell to RM580.72 million or US$184.3 million from RM610.60 million.