Malaysia

Malaysian banking sector to be moderate next year : economist

Malaysian banking sector to be moderate next year : economist

Malaysian banking's performance is likely to be moderate next year in line with the economy.

Bank Mandiri earmarks $439M for the holidays

Bank Mandiri allocated US$439 million for its customers' needs during Christmas and New Year.

Korea's self-employed get 33.9% of SME loans

The amount of money borrowed by self-employed entrepreneurs in South Korea accounted for 33.9 percent of all loans taken out by SMEs.

Malaysia to permit more foreign bank ownerships

The country seeks to triple its financial sector by the end of this decade.

AMMB Holdings to buy Kurnia Insurans

But it is yet to have the central bank and finance ministry's approval for the bid.

Kazakhstan lures Malaysians to invest in its Islamic finance

Kazakhstan has invited Malaysians to invest in the country's Islamic finance sector.

Malaysia facilitates entry of Indonesia's Mandiri

Requirements have been relaxed for Indonesia's state-run Bank Mandiri to operate in Malaysia by the end of next year.

Public Bank, Visa target affluent customers

Public Bank and Visa is now offering a premium card to help affluent customers enjoy the finer things in life.

Bank Islam expects improved Q4 results

Bank Islam expects better fourth quarter results ending Dec 31, said managing director Datuk Seri Zukri Samat.

Maybank targets to lead region's electronic banking transactions

Newly launched Maybank eCustody to provide the "final link" in the group's overall electronic banking offering to clients.

Bangkok Bank to open 4 more Malaysian branches

Bangkok Bank will opening another four branches in Malaysia by 2016, says CEO Robert Loke.

Malaysia and Singapore signs deal setting up cross-border collateral arrangement

Financial institutions in Singapore may now obtain Singapore dollar liquidity from MAS by pledging Malaysian ringgit or ringgit-denominated sovereign and central bank securities.

Noor Islamic Bank mulls Malaaysian expansion

Noor Islamic Bank is mulling an expansion to Malaysia to tap opportunities in Southeast Asia.

RHB Capital may issue stocks to pay for OSK Holdings

RHB may issue new shares equivalent to as much as 10 percent of its existing equity to pay for the unit, according to Bloomberg.

Affin's third quarter PBT up 45% to $67.85mn

The lender is positive that the lender will have stellar performance next quarter.

Asian banking capitalization better than before: Malaysian central bank governor

Asia's financial institutions can cope with possible global financial meltdown caused by Europe's debt crisis due to its good capitalization, according to the governor of Malaysian central bank.

Garuda, Bank Muamalat ink deal on ticket sales

Garuda Indonesia will provide special corporate fares for Bank Muamalat’s employees and Bank Muamalat will open package tours with special prices facilitated by the Garuda Indonesia Holiday program.