Malaysia
VietinBank to lend 80 trillion dong to prioritised sectors
VietinBank to lend 80 trillion dong to prioritised sectors
VietinBank launched programmes in line with the socio-economic development orientation of the government and the State Bank of Vietnam to support agriculture, rural development and export activities, the bank's representative said.
Maybank targets RHB takeover proposal by end of June
Maybank will only proceed with the purchase if it adds to earnings to be used to compete with Chinese banks’ entrance in Malaysia.
RHB Launches E-Dividend Service For Corporate Clients
RHB Bank has launched the e-Dividend service through its Reflex Online Cash Management for corporate clients.
OSK Research: CIMB lukewarm over RHB merger
CIMB is said to be "lukewarm" towards a merger with RHB.
Maybank and POS Malaysia banking services reach out to Sabah
The partnership also plans to introduce additional services such as money transfer and the opening of savings accounts soon.
RHB ready to deal with CIMB, Maybank
RHB Capital has received permission from Bank Negara to negotiate with CIMB Group and Maybank on merger plans.
Mitsubishi to strengthen alliance with CIMB
Mitsubishi USJ Financial Group Inc plans to strengthen its capital alliance with CIMB group to boost its banking business in South-East Asia.
HSBC Malaysia to exclusively distribute Brazil equity fund
The fund was intended for investors seeking long-term capital growth on their investment to tap potentials of one of fastest growing economies.
Bank Muamalat to open 3 branches in 2011
Bank Muamalat will open three new branches to add to its existing network of 55, said its chief executive officer, Datuk Mohd Redza Shah Abdul Wahid.
Maybank market share to double if RHB merger goes ahead
With the Malaysian government being the biggest shareholder in both banks, this one should be a no brainer.
Nomura advises Maybank in RHB bid
Maybank and CIMB has yet to begin talks with key RHB shareholders as RHB submits application to central bank.
RHB Bank eager to buy Thai banks
Despite Maybank and CIMB bid for takeover, the lender is still looking at medium-sized and large banks acquisitions.
Bank Islam Malaysia advises rivals to start merging
Industry’s stiff competition forces small lenders to team up with larger ones to form stronger entities.
Maybank and CIMB in talks to buy RHB Capital
Reuters reports Malaysia's top two banks, Maybank and CIMB Group, are beginning rival talks to buy RHB Capital, which could lead to creating Southeast Asia's largest banking group.
RHB Cap first quarter profit up 9.3% to $126.1mn
Improvement on net interest income, other operating income, income from Islamic banking business and lower allowance for impairment on loans drove the profit rise.
CIMB Q1 net profit up 9.4%
CIMB Group Holdings Bhd's net profit for first quarter was 9.4% higher year-on-year at RM917million.
Affin pre-tax profit down in Q1
Affin Holdings recorded a 20.9 per cent lower pre-tax profit of RM140.3 million for the first quarter ending March 31 against RM177.3 million from last year.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
