Malaysia

RHB Investment Bank launches DMA Equity on Bursa Malaysia

The Corporate and Investment Banking arm of the RHB Banking Group is the first Malaysian broker to be DMA-ready when it started the service back in December 2009.

RHB Investment Bank launches DMA Equity on Bursa Malaysia

The Corporate and Investment Banking arm of the RHB Banking Group is the first Malaysian broker to be DMA-ready when it started the service back in December 2009.

New Hong Leong offer for EON Capital seen

Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.

Affin Bank mulls EON Cap takeover

Lender banks on improving financials and fundraising potential for bid despite criticized for being small.

Hong Leong Bank launches new online service

Important account management functions will be served online through lender's new banking innovation.

Bank Rakyat 2009 profit up 18%

Report showed lender as Malaysian leader in ROA with its $336.92mln net.

CIMB eyes 12% loans growth in 2010

Mortgage sales, personal loans and credit card businesses seen as drivers for achieving target.

Maybank acknowledges Bank Negara’s consolidation programme behind growth

Yet lender expressed worries on expected increase in inflation and interest rate.

RHB partners with TM Asia Life for bancassurance

MoU gives bank 10-year right to sell insurer's plans while latter pays $30mln exclusivity fee.

OCBC Malaysia 2009 profit slides 1%

Higher loan provisions lower net despite 4% revenue surge and 6% increase in operating profit.

JPMorgan strengthens its Malaysia commercial bank unit

Expansion includes integration of its in-country treasury management service as part of $1 billion global investment.

Deutsche Bank Malaysia secures international Islamic banking license

Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.

Maybank eyes 60% debit card transactions growth

71% jump in debit billings over past 6 months encouraged lender to target $733mln transactions.

Hong Leong Q2 profit down 13% at $66mln

Lender is upbeat Malaysia's economic recovery in second half of 2010 would provide it growth opportunities.

CIMB 2009 net surges to $822.2mln

Increasing input from overseas business and improved capital market operations helped boost record-high profit to $235.8mln.

Moody's upgrades AmBank's BFSR to D

Moody's has upgraded AmBank's Bank Financial Strength Rating to D from D-. It further confirmed the bank’s foreign currency deposit ratings of Baa2/P-3 with stable outlooks.

Malaysian Islamic banks confident on new competition

Bankers see additional licenses resulting to wider array of syariah-based financial services as opportunities for expansion.

Bank Rakyat Malaysia eyes $500.4mln net in 2010

But the target couldn't be met if Bank Negara decides to increase OPR by .5%.