Malaysia

UOB Malaysia wants more privilege banking customers

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.

Great Eastern and Koperasi Tentera JV bags Family Takaful licence

Licence will enable Great Eastern Takaful to distribute syariah-compliant life insurance products in Malaysian market.

More Malaysian banks introduce environment-friendly technology financing

Government provided headway to nation by setting up $477.36mln Green Technology Financing Scheme.

CIMB Islamic optimistic on sukuk issuance

Lender sees product to surpass $20bln as global sukuk market is rebounding from crisis.

Maybank targets expansion beyond Singapore and Indonesia

Malaysian lender prepares for transforming itself to become top regional bank within 5 years.

CIMB to invest $351.61mln in 1Platform

Silverlake Axis, Accenture, IDS Scheer and IBM handle large scale technology integrations under 1Platform.

Hong Leong Bank concludes sub debt issuance

Sub debt, whose proceeds to be used for lender's working capital, was 8 times oversubscribed.

Affin to buy Bank Ina Perdana for $48mln

Acquisition will give Affin Bank direct majority shareholding of 80% in the Indonesian bank.

Regulator backs Hong Leong's $1.7bln EON Cap acquisition

HLBB also earned approval from the Minister of Finance to acquire subsidiaries of EON Cap.

Maybank expects $29.75bln transaction value for trade finance

Bank's performance and rebounding economy prompts lender to dominate more than 22.6% of trade finance pie.

Maybank seeks 53% additional mobile banking customers

Enhanced M2U mobile capabilities aimed to capitalise on Malaysia's impressive 37% jump in smartphone sales.

Maybank Islamic unveils Waqf product

Contributions will be managed to create continuous stream of funds towards charity programmes by YWM.

Nomura opens branch in Labuan

Labuan Financial Services Authority gives lender license that enhances the suite of financial solutions in Malaysia.

Bank Negara approves CIMB's stake purchase

CIMB Group will issue 134 million shares to Khazanah Nasional to acquire CIMB Niaga stakes.

Fitch affirms Hong Leong at BBB+

Places EON on positive watch as rating company takes into account HLB's planned $2.18bln EON takeover.