Malaysia
Reported investigations and resignations put Alliance in the spotlight
Speculations simmer down as bank's statement denied rumors of large-scale shakeup.
Reported investigations and resignations put Alliance in the spotlight
Speculations simmer down as bank's statement denied rumors of large-scale shakeup.
RHB Bank keen on new Indonesian arm, Mestika
Acquisition of Bank Mestika provides access to the bank's most important overseas market.
HSBC: Affluent customers prefer Shariah banking
HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.
StanChart Malaysia continues cost-efficient improvements
Addition of Global Payments Solutions breaks barriers in cross-border transactions with 80 percent savings in transaction costs.
Affin confident loans will increase by 10%
Sustained rise in demand for loans spurs optimism on reaching targeted 8 to 10 percent increase.
Maybank targets $955M deposit increase
Maybank is targeting to increase deposits by US$955 million during the current four-month period through its deposit campaign.
OCBC Bank Malaysia expects surge in SME loans
Malaysia's biggest foreign-owned lender attributes 30 percent year-on-year growth on new SME loan method.
CIMB transfers NPLs to subsidiary
CIMB Group received approval from the Minister of Finance for the proposed disposal of part of its non-performing loans to a special purpose company.
Maybank starts releasing premier debit card
Addition of Maybankard MasterCard Platinum Debit increases chances of hitting 500,000 new cardholders target.
Hong Leong Investsafe gross returns at 4.25%
Hong Leong InvestSafe has consistently produced gross returns higher than fixed deposits since its inception three years ago.
Maybank offers closer-to-home investment
Maybank has launched its 1Malaysia Momentum or M3 Structured Deposit, a capital protected investment plan for investors seeking potential gain regardless of the market conditions, with a target fund size of US$29.5 million.
Industrial & Commercial Bank of China aims expansion
Establishment of branches in Malaysia and acquisitions in Thailand commence ICBC's Southeast Asia expansion move.
HSBC Amanah launches its initial off-site ATMs
The opening of ATMs in Suria KLCC signals the start of the bank's expanded distribution capability.
Malaysia Building Society to shell out $591mln loans
CEO Ahmad Zaini expects the loans to improve lender's liquidity.
CIMB's 9-month profit up 27.7%
CIMB reported a net profit of US$593 million for the 9 months of 2009 due to divisions' good performances. This represents a 22.7 percent year-on-year growth, equivalent to net earnings per share of US$0.168. The Group's annualised net return on equity was 14.7 percent.
RHB earns positive outlook with transformation
Encouraging improvements in the financial profile of RHB due to transformation earned it a positive from stable outlook. According to Standard & Poor's Ratings Services, the transformation consisting of streamlining RHB's core business resulted in an enhanced revenue generating capacity.
Hong Leong collaborates with China Development Bank
The tie-up enhances funding and knowledge exchange between the two banks.
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