Malaysia

Malaysia central bank to introduce Shariah governance framework

Malaysia central bank to introduce Shariah governance framework

Timing of launch deemed strange as Shariah advisory role in Islamic finance is under scrutiny.

RHB interested in engaging in M&A

Lender sees possibility of the move within the year if it would give strategic advantage.

Maybank Islamic eyes financing to grow above 18%

CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.

Affin to complete Bank Ina takeover by Q3

Malaysian bank's shareholder Boustead saw Malaysian lender's move essential to gain foothold in Indonesia.

Drawn-out acquisition talks may disrupt EON Capital business

Lender’s suitors need to hasten deal closure to avoid adverse investor sentiment and lowered staff morale.

Affin Bank launches new fixed deposit product

Product enables customers with account in local currency to be converted to any foreign currency.

EON Capital obtains approval for new directors

Bank Negara affirms EON shareholder’s appointment of 7 independent directors last Friday.

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.