Malaysia

Malaysian Rating rated the sukuk AA+IS and carried a tenure of 10 years from the issue date on a 10 non-callable five basis.

Bank Rakyat received Bank Negara Malaysia's approval to increase its share capital from two billion to three billion.

With the new products, trade products can now be issued and settled in renminbi and value-added services can now be added to the existing export collection service.

Tang has 45 year experience in financial services industry, starting as a Bank Negara Malaysia assistant economist.

Accenture expects Malaysian banks to maintain their return on equity after implementation of Basel III.

The lender’s entry to the network waives fees in ATM withdrawal via any OCBC branch in Singapore and Indonesia..

The lender to find replacement of Michael Lor through talent search companies.

Bank Rakyat will open 13 Ar-Rahnu X'Change Franchise branches to bring its total to 30 branches this year.

Agrobank hopes to raise US$66 million in deposits through a six-month campaign beginning May.

The service allows customers to locate the nearest branch of Alliance bank through the computer or through mobile phones.

The Southeast Asian nation expects more Islamic bank investors as it issues new permits this year for Islamic banks with a minimum capital of $1bn.

DCI benefits those who conduct business transactions in the alternate currency, especially those in import-export businesses.

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 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.

Bank Islam Malaysia Berhad is hoping to increase Visa debit card members to 500,000 in 2011.

The lender plans to tap more from Malaysia’s 1.9mn registered migrant workers which are estimated to remit $4.84bn this year.