Malaysia

Malaysian banks’ asset quality strong but profits to stay flat in 2024

A sustained currency depreciation may affect import-reliant sectors, an analyst warned.

Malaysian banks’ asset quality strong but profits to stay flat in 2024

A sustained currency depreciation may affect import-reliant sectors, an analyst warned.

Malaysia warns against four unauthorised companies

They have similar names to companies authorised by BNM but are not related to them.

Alliance Bank lowers fixed deposit rates

The counter rate for 1-month fixed deposits is now just 2.65% from 2.75%.

Maybank issues apology following digital and payment service disruption

Customers were temporarily unable to make online and retail payments on 5 April.

Malaysian authorities probing service outages in two local banks

The banks are required to give a full explanation of what led to the incidents.

Malaysian banks’ loan ratio at 1.6% in Feb

Loan loss coverage is at 120% of impaired loans, central bank data showed.

Maybank inks MOU with fintech Doxa for supply chain financing

Services include digitisation of documents and other payment solutions.

Malaysia’s GX Bank outlines brand purpose of financial inclusion and literacy

It focuses on individuals with a median household income of RM3,000 and gig workers.

CIMB Islamic, PETRONAS inks deal for Islamic commodity derivatives

This is PETRONAS’ first venture towards Shariah-compliant derivatives.

Public Bank net profits up 8.7% in 2023; 10 sen interim dividend proposed

Total dividend is 19 sen per share for 2023, to be paid out on 22 March.

RHB Bank net profit rise in 2023; net credit costs to rise in 2024

Net interest margin is expected to be “flattish” in 2024 at 1.9%.

CIMB net profit up 28.3% in 2024; special dividend proposed

The 7 sen special dividend is separate from the annual dividend of 36 sen per share.