Malaysia

CIMB tries to rise to the challenge of net zero banking

The Malaysian lender is setting realistic decarbonisation goals.

CIMB tries to rise to the challenge of net zero banking

The Malaysian lender is setting realistic decarbonisation goals.

Citi names Hooi Wan Ng as head of markets for Malaysia

Ng joins from JP Morgan, where she had led the local markets and private side sales since 2011.

Public Bank's LPI Capital purchase may boost earnings, ROE

MGO is unlikely to be accepted by shareholders due to its ‘steep’ 25% price discount.

Malaysia’s Public Bank acquiring all shares of insurer LPI Capital

It will buy a 44.15% equity interest in the insurer for RM1.72b, and then extend a mandatory general offer.

Chart of the Week: Malaysia e-commerce sees rise in alternative payments

Brands such as GrabPay and ShopeePay are popular payment methods.

BNM proposes roadmap for transition to the Malaysia Overnight Rate

It proposed ceasing the usage of KLIBOR by 2027 and 2028.

Malaysia, UK tout Islamic finance to bridge green funding gap

Islamic finance’s framework naturally aligns with social finance, an official said.

Malaysian banks' profitability stable with reduced intervention risks

Some asset quality deterioration is expected as fuel subsidies ease.

Public Bank commits $229.7m financing for SMEs

Public Bank is the largest financier of SMEs in Malaysia based on market share.

Malaysia's private loans grew 5.5% in July

Growth of working capital loans drove up the number of business loans.

CIMB logs 14% net profit growth in H1; interim dividend is 20 sen

CEO Novan Amirudin attributed this to operating income growth, amongst others.

Zurich and GXBank target online scams with new insurance

Coverage price ranges from $0.23 per month to $0.92 per month.

Malaysia’s central bank names new monetary policy committee member

Datuk Yogeesvaran Kumaraguru has been named an external member for a 2-year term.

Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen

This is thanks to its non-interest income growing 28.4%.