Malaysia
Hong Leong completes US$300mn senior unsecured bonds issue
The proceeds of the Senior Bonds, rated A3 by Moody’s and BBB+ by Fitch, would be used for working capital and general banking purposes.
Hong Leong completes US$300mn senior unsecured bonds issue
The proceeds of the Senior Bonds, rated A3 by Moody’s and BBB+ by Fitch, would be used for working capital and general banking purposes.
Malaysia's banks anticipate higher pre-tax profit
Malaysia's banking sector expects to boost its pre-tax profit to US$8.24 billion from US$7.58 billion last year, according to Bernama News.
BIMB to grow Visa debit card members to 500,000
Bank Islam Malaysia Berhad is hoping to increase Visa debit card members to 500,000 in 2011.
Maybank aims to rev up remittance business
The lender plans to tap more from Malaysia’s 1.9mn registered migrant workers which are estimated to remit $4.84bn this year.
Malaysian credit card guidelines hardly threaten bank incomes
Any reduction in spending arising from the new measures on credit cards, is unlikely to dampen the overall net interest income of banks, says OSK Research. It added that the total credit cards debts in the banking system is still marginal at 3.4 per cent of the total loans base.
HLB to fund working capital with $300M bonds
Hong Leong Bank Bhd plans to issue up to $300 million worth of bonds to fund working capital and for general banking purposes.
Bank Negara looking for right mega Islamic bank investors
Bank Negara Malaysia hopes to issue two mega Islamic bank licences this year.
UOB targets more presence in East Malaysia
The lender aims to expand operations in the region by reaching out to clients through its sales force as it is constrained to set up branches.
Hong Leong Bank appoints 3 senior managers
Hor Kwok Wai, James Chong Wai Choy, and Ramon Albert Chelvarajasingam hired from different companies.
Islamic finance in Malaysia and infrastructural issues
In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on, we would like to examine how the industry has fared specifically on a number of areas that were discussed.
Malaysia's private sector net financing up $2.37B
Loan demand remained robust with higher loan applications, particularly from the household sector.
Bursa Malaysia names Dato' Tajuddin Atan CEO
Atan has 24 years experience in finance and banking industry as well as familiarity to the Malaysian capital market and the exchange business.
CIMB 2010 profit up 24.5% to $1.16bil
The group expects new areas of strong growth from CIMB Thailand and CIMB Singapore as well as transaction banking.
Bank Rakyat pre-tax profit up 10.8%
Bank Kerjasama Rakyat registered a 10.8 percent increase in pre-tax profit to US$563 million for the financial year ended Dec 31, 2010 from US$507.8 million the previous year.
CCB eyeing stake in EON Capital
China Construction Bank is keen to acquire a stake in Malaysian lender EON Capital Bhd.
Michael Lor resigns as EON Bank CEO
Datuk Mohzani Abdul Wahab and Dr Zaha Rina Zahari will share the responsibilities left behind by Lor.
Malaysia to lead sukuk issuance in surpassing US$35B
Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest issuance level.
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