Malaysia

CIMB Bank Bhd's proposed acquisition of a 60 per cent stake in Philippines-based Bank of Commerce has no immediate rating impact.

CIMB Group Holdings Bhd., the largest company on Bursa Malaysia, has taken control of Bank of Commerce, an affiliate of San Miguel Corporation.

RHB Bank acting director, Vince Au Yoong, is confident that the loans sector will continue to grow but will see a slightly lower margin compared with last year.

SME Bank plans to raise about RM3 billion or US 965.5 million over the next three years through a sukuk issuance.

Thanks to its operating income which rose 30% to Rp3.17 trillion.

Public Bank's first quarter pre-tax profit increased by 6.2 percent to RM1.245 billion from RM1.173 billion from the previous quarter.

Bank Pembangunan posted a pre-tax profit of RM618 million for the financial year ended Dec 31, 2011.

Malaysian banks have a winner in the country’s growing legion of small and medium enterprises.

Pakistan asks Malaysian banks to do business in traditional and Islamic banking.

Asian Finance Bank staged a turnaround for its financial year ended Dec 31, 2011, said CEO Datuk Mohamed Azahari Kamil.

CIMB and RBS confirmed their mutual understanding to cooperate in various areas of business through a cooperation agreement.

Hong Leong Bank can now issue euro medium-term note of up to US$1.5 billion.

Malaysia's banks were advised to innovate their approach towards customers via the Internet as well as tap the rising importance of the social media.

Bank Muamalat is expecting its pre-tax profit for the financial year ending March 31, 2012 to go down from the preceding year.

Mohamed Rafique Merican Mohd Wahiduddin has been appointed Maybank's Group Chief Financial Officer effective June 1.

Bank Muamalat will issue Islamic debt papers in July with the hope of raising Rp 800 billion or US$87 million.