Malaysia
AMMB enjoys 19th month of consecutive profit growth
AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.
AMMB enjoys 19th month of consecutive profit growth
AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.
Malaysian intitutions alerted against US FATCA
Malaysian financial institutions were asked to make an impact assessment on the proposed FATCA regulations.
HSBC opens 58th Malaysian branch--the first in Sabah-Sarawak
HSBC opened its first branch in the Sabah-Sarawak area at Inanam, expanding the total Malaysian branch network to 58 location.
HSBC elated with progress in Malaysia
HSBC is pleased with the progress of its Malaysian operations, which has been growing in the last two years.
CIMB's non-interest income to surpass expectations: HwangDBS Vickers
A research group forecasts CIMB Group's non-interest income for financial year 2012 to be better-than-expected.
Malaysia, China renew currency swap agreement
Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion.
Malaysian and Thai central banks in joint push for financial stability
Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai government and central bank debt securities with it.
Research group sees bumps ahead for Public Bank
Alliance Research House stated that there could be factors that could dampen the outlook for Public Bank.
Azrulnizam appointed Al Rajhi Bank Malaysia CEO
Azrulnizam Abdul Aziz has been appointed CEO of Al Rajhi Bank (Malaysia).
Malaysian banking system posts solid numbers
Malaysia’s banking system capitalisation remained strong with the risk-weighted capital ratio and core capital ratio at 14.9% and 12.9%.
Good 2011 profits push Public Bank shares up
Public Bank Bhd are up by two sen to RM13.54 after posting profits last year that satsfied market expectations.
Tight Malaysian lending rules affecting car sales, Perodua
Compact car manufacturer Perodua has asked Bank Negara Malaysia to ease up on tight loan conditions for hire purchase of cars.
Bank Muamalat wants non-muslim customers for Islamic products
Bank Muamalat's hopes to enhance the market of its various Islamic banking products and services with non-Muslin customers .
Public Bank posts $1.52 B pre-tax profit for 2011
Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with US$ 1.52 billion.
Maybank targets double digit remittance growth
Maybank is targeting a double digit growth in the remittance business for financial year 2012.
New directors appointed for CIMB Bank, CIMB Islamic
CIMB Group announced the appointment of new directors at CIMB Bank and CIMB Islamic Bank.
Chairman denies knowledge of plans to sell Bank Muamalat
The chairman of Bank Muamalat is unaware of plans to sell his bank to finance a stake in Proton Holdings.
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