Malaysia
Affin Bank slashes down target for 2nd OMG Campaign to $653.5mn
Affin Bank slashes down target for 2nd OMG Campaign to $653.5mn
The campaign’s was able to receive 9.7mn entries and garnered in excess of $392.1mn retail deposits growth. Affin Bank Bhd is targeting less than RM2 billion ($653.49 million) for the second Oh My Goshh! (O.M.G) deposit savings campaign to be launched on June 1.
Alliance Bank expects 30 % from non-interest income
Alliance Bank Malaysia Bhd expects 30 per cent of its total revenue to come from its non-interest income segment in the next three to five years.
EON to distribute $593.9mn balance cash proceeds among shareholders
The group announced a dividend of $1.71 per share that constitutes the first tranche of the total cash proceeds.
CIMB not keen on RHB stake
The lender plans to engage in M&A moves outside Malaysia but within the fast-growing Southeast Asia region.
Maybank sees surge in debit card segment
Maybank expects its debit card segment to continue growing at over 100 % this year, making it the fastest growing card segment in its stable.
Maybank satisfies pre-condition for Lim Eng acquisition
Maybankcwill make a mandatory unconditional cash offer to acquire all the ordinary shares of Kim Eng Holdings Limited at a price of S$3.10 per share.
Sumitomo, consortium eye RHB stake
Sumitomo Mitsui Banking Corp and a private equity consortium are eyeing a 25% stake in RHB Capital Bhd.
Overseas operations to drive Maybank's growth says research
Malayan Banking Bhd's overseas operations are expected to drive its growth in the future, according to HwangDBS Research.
Hong Leong Bank to expand domestic footing
With acquisition of EONCap, the lender has greater distribution channels with additional 300 branches nationwide.
EON Capital first quarter pre-tax profit up 25.3% to $55.05mn
The earnings growth was fuelled by higher net interest income, Islamic banking earnings and non-interest income.
Maybank nine months profit up 13.4% to $1.1bn
The company’s positive result boosted by Maybank Islamic which saw pre-tax profit rising 64.1% to $210.28mn.
BIMB receives notification on Bank Muamalat stake
BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat Malaysia Bhd to the company.
Moody's upgrades EON Bank
Moody's upgraded EON Bank Bhd's foreign currency long-term/short-term deposit ratings to A3/P-1 from Baa2/P-3.
MAS-Maybank's debit card promotion grows significantly
Malaysia Airlines and Maybank's partnership to promote debit card use for online air ticket purchases grew 195 per cent in billings and 145 per cent in Maybank debit transactions.
Hong Leong-EON merger produces Malaysia's fourth largest
Hong Leong Bank Bhd has acquired EON Capital Bhd's assets and liabilities for RM5.06 billion.
OCBC Malaysia inaugurates estate planning insurance product
Premier Heritage policyholders to earn minimum interest of 2.5% per annum upon maturity when the bearer reached hundred years old.
Maybank opens 10th Cambodian branch
Maybank expanded its network in Cambodia by opening its 10th branch in Kampung Cham.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
