Malaysia

Malaysia opens its doors to international banking as it implements liberalisation measures over the period 2009 to 2012.

Financing income rises for the first nine months behind strong growth in all business segments.

The facility to be used for financing HP’s 32-acre “next generation data centre” in Cyberjaya.

The lenders eye to tap on the underserved segment that accounts for 6% of population.

Hiring of current Indonesian Islamic Banking Association chairman emphasizes Indonesia’s importance to the group.

The fund divests 2% of its 147mln shares in CIMB.

Easi-GIRO gives solutions to help businesses manage their cashflow and records about 250,000 transactions per month.

The PB-Esso Mobil Visa Gold Credit and Debit Cards, launched at the Esso service station in Jalan Ampang, Kuala Lumpur, focus on the needs of drivers and support their affiliation to the Esso and Mobil brands.

In June Prime Minister Datuk Seri Najib Razak, presented the fourth and final pillar of the Vision 2020 implementing framework: the 10th Malaysia Plan. The five year development plan, with a total expected investment of RM230 billion (approximately USD 70 billion), aims among other things to increase private sector participation in the Malaysian economy through a variety of means including public-private partnerships.

Bank targets additional 4,000 elite customers by year-end and total of 50,000 by end of 2015.

First lender in Malaysia to offer home financing based on Ijarah concept.

Customers could fulfill investment with package offering new range of financial solutions with exclusive China focus.

Licence will enable Great Eastern Takaful to distribute syariah-compliant life insurance products in Malaysian market.

Government provided headway to nation by setting up $477.36mln Green Technology Financing Scheme.

Lender sees product to surpass $20bln as global sukuk market is rebounding from crisis.

Malaysian lender prepares for transforming itself to become top regional bank within 5 years.