Malaysia

HSBC Amanah forecasts strong Asian sukuk sales

Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.

HSBC Amanah forecasts strong Asian sukuk sales

Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.

Moody upgrades RHB’s financial strength rating to Positive

Net interest margin improvement, more comfortable loan-to-deposit ratio, healthier capital adequacy, and management stability boosted ratings.

Affin seeks central bank's nod for EON takeover

Lender willing to offer $1.58bln worth of combined cash and shares.

New CIMB product offers dual income returns

Dual Income Insurance Plan enables customers to earn from the range accrual of KLIBOR, and equities indices of developed nations.

Hong Leong ups net income by 3.5%

The quarter ending in March 2010 shows an uptake in loan growth momentum for Hong Leong Bank. Loans growth rebounded to 8 percent year-on-year in March 2010, against 2.2 percent for the first six months ended December 2009.

OCBC sells equity fund sans upfront charges

Some analysts see the unprecedented move will be followed by other players.

EON Cap’s board accepts Hong Leong acquisition bid

Bid serves "best interest" for EON Cap after mulling on recommendations of Credit Suisse, Goldman Sachs.

HSBC Malaysia profit up 20% to $67mln

Domestic demand in banking and sustained growth in regional markets prop up net profit increase.

OCBC Al-Amin Bank eyes double-digit growth asset, profit surge

Lender confident of hitting the target as global economic recovery fosters Islamic banking growth.

Hong Leong's offer for EON Cap too low

EON's independent financial adviser Credit Suisse's statement left lender's board in dilemma.

Foreign banks step up Islamic banking expansion

Lenders eye to dominate market share via more branches, innovative products.

CIMB acquires additional stake in Indonesian unit

Malaysian lender CIMB is raising its stake in Indonesia's Bank CIMB Niaga to better capitalise on the southeast Asian nation's fast-growing economy.

Maybank seeks approval for Indonesian listing

Lender eager to expand visibility in Jakarta and add branches in other Asian countries.

OSK-UOB introduces $31mln fund for Privilege Banking clients

OSK-UOB Flexible China Solutions provides opportunities to tap the Chinese market for a minimum of $3,115 investment.

CIMB gets approval to expand in Cambodia

Country's central bank governor granted approval-in-principle to lender's bid to offer banking services to 14mln Cambodians.

Bank Simpanan Nasional partners with Bank Rakyat Indonesia

Tie-up aimed to generate 40,000 monthly transactions on money transfer services to Indonesia.

OSK Research upgrades forecast on Maybank's earnings growth

Lender's conservative attitude towards provisioning key factor for OSK's 2.6% earnings growth forecast in 2010.