Malaysia

CIMB to invest $351.61mln in 1Platform

Silverlake Axis, Accenture, IDS Scheer and IBM handle large scale technology integrations under 1Platform.

CIMB to invest $351.61mln in 1Platform

Silverlake Axis, Accenture, IDS Scheer and IBM handle large scale technology integrations under 1Platform.

Hong Leong Bank concludes sub debt issuance

Sub debt, whose proceeds to be used for lender's working capital, was 8 times oversubscribed.

Affin to buy Bank Ina Perdana for $48mln

Acquisition will give Affin Bank direct majority shareholding of 80% in the Indonesian bank.

Regulator backs Hong Leong's $1.7bln EON Cap acquisition

HLBB also earned approval from the Minister of Finance to acquire subsidiaries of EON Cap.

Maybank expects $29.75bln transaction value for trade finance

Bank's performance and rebounding economy prompts lender to dominate more than 22.6% of trade finance pie.

Maybank seeks 53% additional mobile banking customers

Enhanced M2U mobile capabilities aimed to capitalise on Malaysia's impressive 37% jump in smartphone sales.

Maybank Islamic unveils Waqf product

Contributions will be managed to create continuous stream of funds towards charity programmes by YWM.

Nomura opens branch in Labuan

Labuan Financial Services Authority gives lender license that enhances the suite of financial solutions in Malaysia.

Bank Negara approves CIMB's stake purchase

CIMB Group will issue 134 million shares to Khazanah Nasional to acquire CIMB Niaga stakes.

Fitch affirms Hong Leong at BBB+

Places EON on positive watch as rating company takes into account HLB's planned $2.18bln EON takeover.

Maybank wants bigger slice of equities market

Banks on Islamic stockbroking service HOT Broking to expand its curreent 6.5% share in the market.

Bank Rakyat keen to open 10 branches

Bank Rakyat Malaysia's branches may reach 134 with the opening of new branches.

Malaysia grants Mizuho approval for banking licence

Mizuho to establish foothold in Kuala Lumpur as Bank Negara gives it commercial banking licence.

Maybank allots $4.9mln to improve customer service

Pilot customer service transformation programme to upgrade all bank’s frontline personnel in 70 branches.

Hong Leong-EON Bank merger poses problem on employees

National Union of Bank Employees hits Bank Negara’s non-consultation with union on looming merger’s adverse effects.

Hong Leong Bank unveils Business Flexi FD

Product gives companies power to optimise cash flow by enabling customers to withdraw before tenure period.

ICICI Bank to focus on rural sector

Lender also plans to reduce exposure to personal loan after suffering big losses.