Malaysia
NIM, higher expenses drag on Malaysian banks’ earnings growth in 2023
Mid- to high-single digit NIM compression will offset loan growth, an analyst said.
NIM, higher expenses drag on Malaysian banks’ earnings growth in 2023
Mid- to high-single digit NIM compression will offset loan growth, an analyst said.
Public Bank offers repayment relief to Malaysia flood victims
Customers affected by the floods can defer monthly loan payments for up to 6 months.
Maybank’s net profit up 1.6% to $1.8b in 2022
Improving regional economic activities and lower net impairment losses led to the growth.
Malaysian banks troubled by weak loan growth in 2023
Loan applications contracted 16.1%, according to UOB Kay Hian.
CIMB unveils sustainability-linked treasury programme
Clients may get a rebate upon achieving ESG-related targets.
Malaysian banks “well-placed” to weather 2023 headwinds: S&P
Credit costs are expected to stay flattish and slowing credit growth should be manageable.
Public Bank’s net profit up 3% to $1b in 2022
A second interim dividend of 4 sen per share has been announced.
Malaysian banks’ asset quality to deteriorate in 2023 as moratoriums expire
NPL ratio may rise to up to 3% over the next two years.
Malaysia’s Public Bank enables Google Wallet payments for Visa card holders
They are amongst first to enable it in Malaysia.
Islamic banks must boost market share before any “radical” changes: analysts
But an abolition of the fractional reserve banking system may be a good idea.
Islamic finance professionals more open to adopting crypto, digital assets: survey
Lack of need to pay for interest rates appeals to conservative Muslims.
Public Bank teams up with Sunway Property for financing green development projects
Customers can avail of a special sustainable financing package.
CIMB Group core net profit jump 18.4% in H1
Interim dividend for the period is 13 sen per share.
Public Bank H1 profits stumble over one-off prosperity tax
This was partially offset by higher net interest income.
Maybank net profit down 9.2% to $415.7m in Q2
Fee-based income rose, but group braces for expected credit losses.
Maybank sets financed emission baseline, adopts ESG transition strategy
It is the first bank in Malaysia to do so.
Malaysia’s card payment market value to grow 15.2% in 2022
A perfect storm for card adoption is brewing in the country.
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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