Malaysia
Bank Negara approves joint takaful licence for Public Bank and ING
The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing in ING and the PBB.
Bank Negara approves joint takaful licence for Public Bank and ING
The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing in ING and the PBB.
Bank Rakyat issues 7,000 microcredit loans to SMEs
Entrepreneurs who cannot fulfill the lending requirements can avail loans of up to $15,960.
Bank Negara Malaysia names Nor Shamsiah Deputy Governor
Experiences during Asian financial crisis and the preparation and implementation of the Financial Sector Masterplan for the development of the Malaysian financial system earned her the post.
Maybank first quarter net profit up 16.6%
Maybank recorded a profit after tax and minority interest of US$328 million for the quarter ended September. It is up 16.6 per cent from the bank’s profit after tax of US$281 million in the same period last year.
Public Bank achieves 22% pre-tax profit growth
The Public Bank achieved a pre-tax profit of US$958.6 million for the first nine months of 2010. The figure represents a 22 per cent growth from the corresponding period in 2009. Over the same period, the Group recorded a net profit of US$712.5 million, 20 per cent higher as compared to US$595.5 million achieved in the corresponding period in 2009.
Bank Negara Malaysia grants two mega Islamic banking licenses
Malaysia opens its doors to international banking as it implements liberalisation measures over the period 2009 to 2012.
Bank Rakyat profit up 35% to $321.53mln
Financing income rises for the first nine months behind strong growth in all business segments.
CIMB Islamic signs $100mln facility with HP
The facility to be used for financing HP’s 32-acre “next generation data centre” in Cyberjaya.
Malaysian banks focus on mass affluent market
The lenders eye to tap on the underserved segment that accounts for 6% of population.
CIMB Islamic names Achmad Riawan Amin Director
Hiring of current Indonesian Islamic Banking Association chairman emphasizes Indonesia’s importance to the group.
Khazanah raises US$380mln from sale of CIMB stake
The fund divests 2% of its 147mln shares in CIMB.
OCBC Malaysia launches new payment system
Easi-GIRO gives solutions to help businesses manage their cashflow and records about 250,000 transactions per month.
Public Bank and Esso Mobil launch co-brand cards
The PB-Esso Mobil Visa Gold Credit and Debit Cards, launched at the Esso service station in Jalan Ampang, Kuala Lumpur, focus on the needs of drivers and support their affiliation to the Esso and Mobil brands.
A news era for PPPs in Malaysia?
In June Prime Minister Datuk Seri Najib Razak, presented the fourth and final pillar of the Vision 2020 implementing framework: the 10th Malaysia Plan. The five year development plan, with a total expected investment of RM230 billion (approximately USD 70 billion), aims among other things to increase private sector participation in the Malaysian economy through a variety of means including public-private partnerships.
UOB Malaysia wants more privilege banking customers
Bank targets additional 4,000 elite customers by year-end and total of 50,000 by end of 2015.
CIMB Islamic launches Ijarah Property Financing-i
First lender in Malaysia to offer home financing based on Ijarah concept.
OCBC to kickstart 'Go China' campaign
Customers could fulfill investment with package offering new range of financial solutions with exclusive China focus.
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