Malaysia

Maybank is aiming for least a RM2.5 billion deposit growth from the new Save & Win Campaign and online savings account called M2U Savers, to strengthen its market leadership in the traditional deposit segment.

CIMB Bank expects a 40-45 % growth in turnover from its currency exchange business this year after a tie-up with the Malaysian Association of Tour and Travel Agents.

Bank Islam opened another Ar-Rahnu Islamic pawn broking branch in Pasir Mas, Kelantan.

Non-interest income business for the country's eight anchor banks seen to be about $5.91bn this year .

RHB said a potential merger with Maybank or other lenders could be considered if valuations are right.

CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.

Malaysian MasterCard holders spent US$76.5 million in 909,518 transactions during the first weekend of the 1Malaysia Mega Sale Carnival 2011 from June 17 to June 19.

Bank Negara Malaysia opened up a wider door for Southeast Asian banks to add number of branches.

Hwang DBS Vickers Research said there is still room for Malaysian banks to consolidate after speculations that Alliance Financial’s major shareholders will sell their 29.1% stake surfaced.

Malaysia's Maybank Islamic and Indonesia's Bank Syariah Mandiri will establish cross border collaboration in all Islamic treasury and trade finance matters.

 Bank Muamalat Malaysia Bhd has allocated about RM56 million to renovate or relocate its 56 branches.

The lender seeks growth opportunities abroad as banking competition increases in Malaysia.

RHB maintains interest in M&A even after Maybank and CIMB dropped the plan.

Bank Islam expects to exceed the RM503 million profit growth recorded during the 18-month period ended Dec 31, 2010.

The decision to raise the Statutory Reserve Requirement by 100 basis points to 4.00 per cent effective July 16, is unlikely to have any visible impact on the credit growth of banks, according to research.

SME Bank is on target to disburse RM1.5 billion in loans by year-end.