Malaysia
Michael Lor resigns as EON Bank CEO
Datuk Mohzani Abdul Wahab and Dr Zaha Rina Zahari will share the responsibilities left behind by Lor.
Michael Lor resigns as EON Bank CEO
Datuk Mohzani Abdul Wahab and Dr Zaha Rina Zahari will share the responsibilities left behind by Lor.
Malaysia to lead sukuk issuance in surpassing US$35B
Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest issuance level.
Maybank net profit up 14.8% in 1H 2011
Pre-tax profit for the six months ended December 2010 increased to RM2.97 billion compared to RM2.56 billion in the previous corresponding period ended December 2009.
Hong Leong new credit card to offer cash
Hong Leong Bank launched the first-to-market credit card to offer customers real cash.
Maybank names John Lee Hin Hock Chief Risk Officer
The lender banks on Lee’s specialisation in business strategy, risk management and performance management.
Maybank Islamic forecasts 30% growth in 2011
Maybank Islamic expects a 30 per cent growth in Islamic finacing this year.
RI sharia banks’ expects 45% asset growth in 2011
Bank Indonesia expects sharia banking assets to grow by 45 percent this year after five banks established sharia business units in 2010.
Bank Negara Malaysia demands Islamic banks sharia compliance
Malaysia’s central bank preserves sanctity of the country’s Islamic banking as it assures that products and services are operated under a robust sharia framework.
Bank Rakyat unveils first Islamic debit card
Orchid Card can be used with Mastercard Worldwide network for retail purchases, withdrawals and online transactions.
AIA, Alliance to tap Malaysian takaful opportunities
A new joint venture will offer a range of Takaful savings, protection and investment products designed to meet the unique needs of Malaysians.
Malaysian banking sector anticipate loans growth
Banking statistics for December 2010 was seen by analysts as a good round-up for 2010’s sector loans growth.
EON Bank targets expansion despite merger with Hong Leong
EON Bank continues to open more branches and pursue investments in 2011.
Moody's assigns A3 to CIMB Bank's proposed EMTN
Moody's assigned a provisional foreign currency rating of A3 to CIMB Bank's US$1 billion Multi-Currency Euro Medium Term Notes Programme.
EON Bank to proceed with expansion despite takeover saga
EON Bank Bhd is going ahead with its expansion plans this year despite being caught in the middle of a takeover saga.
CIMB gets SC approval for euro MTN
The CIMB group received approval from the Securities Commission for a multi-currency euro medium term note programme of up to US$1 billion or its equivalent.
Public Bank's pre-tax profit up 23%
The Public Bank Group recorded a pre-tax profit of US$1.34 billion for 2010. The figure represents a 23 per cent growth from 2009. The Group also recorded a net profit of US$999 million in 2010, 21 per cent higher as compared to US$825 million achieved in 2009.
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