Malaysia

Bank Islam targets 100,000 depositors for junior account

Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior Savings Account-i for young customers.

Bank Islam targets 100,000 depositors for junior account

Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior Savings Account-i for young customers.

Maybank expects revenue to fall in 2011

The slump in performance of key economies around the world seen to drag down lender’s profits.

Maybank and YES BANK establish ties

The alliance seen to step up trade and investment between India and South East Asia.

Bank Islam remains open to M&As

The lender wants to the M&A that has a strategic fit, which it didn’t see in the last two failed attempts.

Bank Rakyat campaigns for credit card balance transfer

Bank Rakyat launched a credit card balance transfer campaign which allows over 200,000 holders of its credit cards to enjoy an annual profit rate of nine percent and a three percent cash rebate.

OCBC Malaysia goes for $1.28bn SME loan disbursement this year

The lender and its local rivals are currently searching for good SMEs with export potentials.

Maybank to open 6 branches in Sabah

Maybank Bhd will open at least six branches in Sabah as part of the commitment of the nation's biggest commercial bank to stimulate the economy, says executive vice-president Mohd Hanif Suadi.

Hong Leong Bank names Sanjay Uppal as chief financial officer

Uppal previously worked in StanChart as the CFO in its Taiwan, the Philippines and the UAE offices.

Maybank to expand in Laos

Malayan Banking Bhd (Maybank) has applied for a banking license in Laos, said President & Chief Executive Officer Datuk Seri Abdul Wahid Omar.

BSN targets 300,000 Internet banking users by end-2011

Bank Simpanan Nasional is eyeing 300,000 users to its Internet banking by end of 2011, with about RM6 million transactions to be done online.  

Bank Persatuan to open Melaka branch

Bank Persatuan Malaysia Bhd will open its 14th branch in Melaka soon in an effort to expand its operations nationwide, reports Bernama.

Indonesia’s ownership limit plan seen to affect Malaysian banks

An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.

CIMB Islamic to boost group loans by contributing 19%

The lender believes global economic uncertainties would have lesser impact on Malaysia’s economy as it was largely driven by local demand.

Bank Negara Malaysia to keep overnight policy rate steady at 3%

DBS expects this given that the central bank has initiated its interest rate normalisation process earlier than many central banks in the region.

RHB withdraws appointment of Viegas as Managing Director

RHB Banking Group has withdrawn its application to Bank Negara for Renzo Viegas’ appointment as the managing director of RHB Bank Bhd.

RHB delays pursuit of Bank Mestika

RHB Capital has put on hold its application to acquire Indonesia's PT Bank Mestika Dharma amid Bank Indonesia's plans to limit single-party ownership in commercial banks to not more than 50%.

Mizuho to venture into Islamic Banking in Malaysia

Malaysia is giving out financial services licenses to foreign companies to boost banking industry competition.