Malaysia

Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion.

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.

Alliance Research House stated that there could be factors that could dampen the outlook for Public Bank.

Azrulnizam Abdul Aziz has been appointed CEO of Al Rajhi Bank (Malaysia).

Malaysia’s banking system capitalisation remained strong with the risk-weighted capital ratio and core capital ratio at 14.9% and 12.9%.

Public Bank Bhd are up by two sen to RM13.54 after posting profits last year that satsfied market expectations.

Compact car manufacturer Perodua has asked Bank Negara Malaysia to ease up on tight loan conditions for hire purchase of cars.

Bank Muamalat's hopes to enhance the market of its various Islamic banking products and services with non-Muslin customers .

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 is targeting a double digit growth in the remittance business for financial year 2012.

CIMB Group announced the appointment of new directors at CIMB Bank and CIMB Islamic Bank.

The chairman of Bank Muamalat is unaware of plans to sell his bank to finance a stake in Proton Holdings.

RHB Capital hopes to get Bank Negara's nod to a proposed merger with OSK Holdings by the early second quarter.

MAS urged banks to quickly implement new measures to enhance the security of the retail payment infrastructure.

Industry players are speculating that Tan Sri Syed Mokhtar AlBukhary may sell Bank Muamalat to raise RM3 billion for the purchase of Proton Holdings.

BSN has tapped HeiTech Padu Bhd, BML Istirehat and Juris Technologies in embarking on a RM100 million Core Banking Replacement Programme.