Malaysia

Bank Simpanan Nasional hopes to sustain the 10 percent growth last year for its Islamic banking product account savers.

Bank Negara Malaysia clarified that only licensed banks can buy and sell of foreign currency in Malaysia.

AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.

Malaysian financial institutions were asked to make an impact assessment on the proposed FATCA regulations.

HSBC opened its first branch in the Sabah-Sarawak area at Inanam, expanding the total Malaysian branch network to 58 location.

HSBC is pleased with the progress of its Malaysian operations, which has been growing in the last two years.

A research group forecasts CIMB Group's non-interest income for financial year 2012 to be better-than-expected.

Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion.

Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai government and central bank debt securities with it.

Alliance Research House stated that there could be factors that could dampen the outlook for Public Bank.

Azrulnizam Abdul Aziz has been appointed CEO of Al Rajhi Bank (Malaysia).

Malaysia’s banking system capitalisation remained strong with the risk-weighted capital ratio and core capital ratio at 14.9% and 12.9%.

Public Bank Bhd are up by two sen to RM13.54 after posting profits last year that satsfied market expectations.

Compact car manufacturer Perodua has asked Bank Negara Malaysia to ease up on tight loan conditions for hire purchase of cars.

Bank Muamalat's hopes to enhance the market of its various Islamic banking products and services with non-Muslin customers .

Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with  US$ 1.52 billion.