Malaysia

Malaysia’s Islamic banks headed for more growth: Moody’s

Government support pushes the sector to an upward trajectory.

Malaysia’s Islamic banks headed for more growth: Moody’s

Government support pushes the sector to an upward trajectory.

Maybank appoints Dato’ Khairussaleh Ramli as group president and CEO

He rejoins Maybank from RHB, where he served as group managing director.

UOB Malaysia puts into motion strategic initiatives to accelerate digital agenda

Since 2018, the Bank has embarked on a digital transformation journey to deliver seamless customer experience and frictionless banking.

Malaysia’s Kenanga Investment Bank appoints non-independent non-executive director

Choy Khai Choon also serves as independent non-exec chairman at Zurich Life.

RHB Malaysia earns its 9th Domestic Foreign Exchange Bank of the Year trophy at the 2021 ABF Awards

The multinational regional financial services provider was recognised for its hassle-free digital FX platform assisting customers with simple, seamless, and convenient transactions.

Maybank launches programme to help Malaysian halal SMEs go overseas

The products are now available at Eccellente by HAO Market in Singapore.

CIMB Group core profits more than tripled in 9M 2021

But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.

Chart of the Week: Malaysia’s card payments market to be worth $80.2b in 2025

Market value is expected to rebound 8.5% in 2020 after declining last year.

Why Malaysian banks are spending more on financial wellness apps

They spent the most amongst other markets in the Asia Pacific region.

Negative gov't intervention fuels rise of Malaysian banks’ systematic risks

Officials’ moratorium programs are hurting lenders’ profitability.

HSBC Amanah bags Credit Card Initiative of the Year - Malaysia at ABF Retail Banking Awards 2021

Its ESG Charity credit card feature highlights the bank’s commitment to sustainability.

Kenanga Investment Bank net profit surges 4-fold to RM64.7m in H1

This reflects an almost four-fold increase from the same period last year.

AirAsia's BigPay secures $100m from South Korean conglomerate

The funding is just one step closer to BigPay’s ambition to be the largest challenger bank in SEA.

India bans Mastercard from issuing new cards in the country

Mastercard has not complied with data storage rules, the Reserve Bank of India said.

Malaysia’s Public Bank offers 6-month moratorium to customers

This is in line with the Pemulih stimulus package announced by the government.

UOB Malaysia appoints new deputy CEO

Ng Wei Wei will retain her current role as head of wholesale banking alongside this promotion.

Grab-Singtel, iFAST apply for Malaysian digital bank license

Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.