Malaysia

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

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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