Malaysia

An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.

The lender believes global economic uncertainties would have lesser impact on Malaysia’s economy as it was largely driven by local demand.

DBS expects this given that the central bank has initiated its interest rate normalisation process earlier than many central banks in the region.

RHB Banking Group has withdrawn its application to Bank Negara for Renzo Viegas’ appointment as the managing director of RHB Bank Bhd.

RHB Capital has put on hold its application to acquire Indonesia's PT Bank Mestika Dharma amid Bank Indonesia's plans to limit single-party ownership in commercial banks to not more than 50%.

Malaysia is giving out financial services licenses to foreign companies to boost banking industry competition.

The lender’s strong deposit franchise seen as an advantage if funding remained tight.

Hong Leong Bank will see its net interest margin trend up in financial year 2012 with the full consolidation of EON Bank's higher yielding loans, says HwangDBS Vickers Research.

CIMB Islamic Bankexpects a moderate total loan growth of between 15 per cent and 19 per cent for financial year 2011.

Maybank is benefiting from a re-focus to domestic growth for both corporate and consumer amid a volatile global market, Citi Investment Research said.

Banking analysts are expecting a slower second half for Malysian banks based on the souring global economic outlook and the banking data released in July.

Analysts are upbeat that the new merged entity between Hong Leong Bank and EON Bank will benefit in the long run.

Higher profit was attributed to higher net interest income, other operating income, income from Islamic banking business and impairment writeback on other assets.

Hong Leong Bank Bhd overcame a slashed fourth quarter profit to end the financial year with an increased net profit.

The fund will have a Shariah- compliant equity exposure of up to 98% of the fund's next asset value.

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