Malaysia

Hong Leong InvestSafe has consistently produced gross returns higher than fixed deposits since its inception three years ago.

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.

Establishment of branches in Malaysia and acquisitions in Thailand commence ICBC's Southeast Asia expansion move.

The opening of ATMs in Suria KLCC signals the start of the bank's expanded distribution capability.

CEO Ahmad Zaini expects the loans to improve lender's liquidity.

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.

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.

The tie-up enhances funding and knowledge exchange between the two banks.

Hong Leong and China Development Bank will collaborate in Malaysian and Chinese projects through a Cooperation Agreement.

Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.

Maybank limits its collaboration with Bank Asya on trading and products but not in buying stakes.

Maybank expects to boost growth in trade finance business with China by 15 percent with renminbi trade services at regional offices.

Hang Seng’s strong capital position prompts HSBC to woo investors to take part in the former’s growth potential.     Body:  HSBC Bank Malaysia Berhad has introduced the 4-Year MYR Equity Linked (Hang Seng Bank Ltd) Structured Investment which provides customers the opportunity to invest in the potential growth of Hang Seng Bank Ltd, according to a report in the Bernama. A member of the HSBC Group, Hang Seng Bank was awarded the Best Retail Bank in Hong Kong by The Asian Banker. Hang Seng Bank's capital position remains strong with a Tier 1 ratio of 13.1 per cent (relative to the industry ratio of 8 per cent) and capital adequacy ratio of 16.6 per cent. As of June 2009, its mainland business contributed 11.7 per cent to Hang Seng Bank's pre-tax profit, a 2.3 per cent increase from first-half of 2008. HSBC said the investment is available from Oct 1 to Oct 15, 2009 and a minimum investment amount of RM250,000 is required to be placed as principal for a four-year tenure.

After garnering a huge success with their children’s savings program in Singapore, OCBC is eager to spread the word further in Malaysia, according to Asiaone.

CIMB Bank Bhd head of retail banking Peter England said the bank's new product aims to protect capital and ensures returns.

HLB personal financial services CEO Moey Tan was eying to surpass 6 percent to 8 percent average growth for the market.