Malaysia
Bank Rakyat expects profits to reach RM2 B
Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.
Bank Rakyat expects profits to reach RM2 B
Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.
Maybank expects strong growth in Community Service Financial sector
Maybank expects its community financial services revenue to grow to RM12 billion in 2015, from the current RM6 billion, due partly to increases in businesses derived from its transformed branches.
AmBank Group to introduce ANZ's Signature Priority Banking
AmBank Group and ANZ have signed an MoU to introduce ANZ's Signature Priority Banking service to AmBank and AmIslamic Bank's affluent retail banking customers.
UOB, OCBC lend $105M to Yinson Securities
Yinson Holdings has signed agreements with UOB Group and Oversea-Chinese Banking Corp Ltd for a US$105 million or RM334.2 million loan.
Bank Islam targets 100,000 depositors for junior account
Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior Savings Account-i for young customers.
Maybank expects revenue to fall in 2011
The slump in performance of key economies around the world seen to drag down lender’s profits.
Maybank and YES BANK establish ties
The alliance seen to step up trade and investment between India and South East Asia.
Bank Islam remains open to M&As
The lender wants to the M&A that has a strategic fit, which it didn’t see in the last two failed attempts.
Bank Rakyat campaigns for credit card balance transfer
Bank Rakyat launched a credit card balance transfer campaign which allows over 200,000 holders of its credit cards to enjoy an annual profit rate of nine percent and a three percent cash rebate.
OCBC Malaysia goes for $1.28bn SME loan disbursement this year
The lender and its local rivals are currently searching for good SMEs with export potentials.
Maybank to open 6 branches in Sabah
Maybank Bhd will open at least six branches in Sabah as part of the commitment of the nation's biggest commercial bank to stimulate the economy, says executive vice-president Mohd Hanif Suadi.
Hong Leong Bank names Sanjay Uppal as chief financial officer
Uppal previously worked in StanChart as the CFO in its Taiwan, the Philippines and the UAE offices.
Maybank to expand in Laos
Malayan Banking Bhd (Maybank) has applied for a banking license in Laos, said President & Chief Executive Officer Datuk Seri Abdul Wahid Omar.
BSN targets 300,000 Internet banking users by end-2011
Bank Simpanan Nasional is eyeing 300,000 users to its Internet banking by end of 2011, with about RM6 million transactions to be done online.
Bank Persatuan to open Melaka branch
Bank Persatuan Malaysia Bhd will open its 14th branch in Melaka soon in an effort to expand its operations nationwide, reports Bernama.
Indonesia’s ownership limit plan seen to affect Malaysian banks
An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.
CIMB Islamic to boost group loans by contributing 19%
The lender believes global economic uncertainties would have lesser impact on Malaysia’s economy as it was largely driven by local demand.
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