Malaysia
CIMB Group names new group CEO
CIMB Group Holdings Berhad has appointed Abdul Rahman Ahmad as new group CEO/executive director for CIMB and CEO/executive director for CIMB Bank Berhad, effective 10 June.
CIMB Group names new group CEO
CIMB Group Holdings Berhad has appointed Abdul Rahman Ahmad as new group CEO/executive director for CIMB and CEO/executive director for CIMB Bank Berhad, effective 10 June.
Malaysian firms lose 40% of new accounts as locals look to open online
Only 6-9% of customer finish applying for a non-fully digital account opening service.
Chart of the Week: Malaysia's consumer loan growth to decelerate in 2020
There’s just little banks can do to encourage people to take out loans.
Crunch time for Malaysia's e-wallets as big firms impose merchant fees
They are charging 0.5% from merchants who use their services as subscriptions soar.
A third of Malaysians will have digital-only bank accounts by 2025
About 4.7 million adult locals currently have a digital-only account.
Malaysian banks stick with dividend payouts
The regulator has yet to order a delay in doing so.
Commercial banks key to protecting COVID-hit Malaysian economy
The sector has enough liquidity to buttress embattled businesses.
Government shift, surge in COVID cases drags on Malaysian banks
Credit growth is likely to flatline this year from the record low of 3.9% in 2019.
CIMB Group expands COVID-19 relief programmes in Malaysia
The bank has given a six month moratorium on loan repayments for affected customers.
CIMB Group, CIMB Bank Berhad CEO resigns
Zafrul Aziz left to assume the Malaysian finance minister role.
CIMB Bank, CIMB Islamic Bank cut rates by 25bp
All financing facilities based on BLR and BFR will be slashed 0.25%.
Malaysian banks' NPLs to rise as political turmoil adds to virus' impact
Asset quality problems may become permanent if disruptions persist.
Malaysia's latest OPR cut needed to cushion COVID blow
The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.
Hong Leong Bank exceeds forecast with $330m net profit in H1 2020
Provisions declined with Q2 2020 net credit cost at 5bp.
Goldman Sachs pleads not guilty in 1MDB bond sales fraud
The bank is accused of misleading investors on $6.5b in bond sales.
Malaysia pushes QR-payments adoption to combat cash reliance
The DuitNow QR System is a key factor to drive interest in cashless payments.
Malaysian banks boast ample capital despite higher buffer requirement
The central bank has currently set the countercyclical buffer at 0%.
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Technology to underpin future of financial services
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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