Malaysia
Hong Leong Bank exceeds forecast with $330m net profit in H1 2020
Provisions declined with Q2 2020 net credit cost at 5bp.
Hong Leong Bank exceeds forecast with $330m net profit in H1 2020
Provisions declined with Q2 2020 net credit cost at 5bp.
Goldman Sachs pleads not guilty in 1MDB bond sales fraud
The bank is accused of misleading investors on $6.5b in bond sales.
Malaysia pushes QR-payments adoption to combat cash reliance
The DuitNow QR System is a key factor to drive interest in cashless payments.
Malaysian banks boast ample capital despite higher buffer requirement
The central bank has currently set the countercyclical buffer at 0%.
Coronavirus will have little impact on Malaysian banks: analyst
Overnight policy rate cut and the 2019 nCov dented the sector.
Chart of the Week: Malaysia's loan growth halved to 3.9% in 2019
Both household and non-household loan growth slowed.
Malaysian small lenders endangered by digital banks' entrance
More competition could jumpstart a build-up of debt within lower-income borrowers.
Grab, AirAsia, Razer in talks for Malaysian digital banking licence bid
Up to five licences will be granted to either conventional or Islamic banks.
Chart of the Week: Malaysian card payments to hit $81b by 2023
The interchange fee cap and adoption of new financial tech is helping reduce cash reliance.
Malaysian banks' net profit to grow 4.8% in 2020: report
But NIMs are expected to taper off a further 3bps over the period.
CIMB allots $730m for corporate sustainable loans
Borrowers will receive interest rate rebates upon reaching pre-agreed targets.
Malaysian SMEs complete UOB-backed digitisation programme
It is expected to improve their productivity by up to 30%.
Malaysia's loan growth slows to 3.2% in October
Loan applications slimmed by 1.1% in the same month.
CIMB allocates $12m for micro SMEs
Micro SMES may received financing of up to $11,991.
Malaysia's central bank extends maximum tenor of repo to 5 years
This expands the previous deadline of only one year.
Malaysia's Islamic banks pull ahead of Indonesia in the digital curve
CIMB Group has pledged to invest $477m over the next five years to strengthen its digital platforms.
Malaysian banks still struggle with sluggish loan growth
Loans grew by just 3.8% in September amidst persistent weakness in business loans.
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