Malaysia

Addition of Global Payments Solutions breaks barriers in cross-border transactions with 80 percent savings in transaction costs.

Sustained rise in demand for loans spurs optimism on reaching targeted 8 to 10 percent increase.

Maybank is targeting to increase deposits by US$955 million during the current four-month period through its deposit campaign.

Malaysia's biggest foreign-owned lender attributes 30 percent year-on-year growth on new SME loan method.

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.

Addition of Maybankard MasterCard Platinum Debit increases chances of hitting 500,000 new cardholders target.

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.