Malaysia

EONCap considers bids from other banks as it is studying Hong Leong's $1.44bln cash offer.

Eric Lee assumes CFO office after working for a global company.

Public Bank achieved a pre-tax profit of US$984.7 million and net profit of US$747 million for 2009. This happened on the back of a strong 10.2 percent growth in net interest and financing income. In the previous year, the Group’s pre-tax profit of US$1.002 billion included a significant one-off goodwill income of US$59.3 million in respect of the bancassurance distribution alliance with ING Asia/Pacific Limited. Excluding this one-off income, the Group's underlying operating pre-tax profit improved by 4.5 percent.

Talks with Hong Leong for possible acquisition of its assets and liabilities are not yet finalised.

Public Bank now offers Chinese Yuan Fixed Deposits and Chinese Yuan Current Accounts through an arrangement with Bank of China Berhad.

Speculations simmer down as bank's statement denied rumors of large-scale shakeup.

Acquisition of Bank Mestika provides access to the bank's most important overseas market.

HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.

Addition of Global Payments Solutions breaks barriers in cross-border transactions with 80 percent savings in transaction costs.

Sustained rise in demand for loans spurs optimism on reaching targeted 8 to 10 percent increase.

Maybank is targeting to increase deposits by US$955 million during the current four-month period through its deposit campaign.

Malaysia's biggest foreign-owned lender attributes 30 percent year-on-year growth on new SME loan method.

CIMB Group received approval from the Minister of Finance for the proposed disposal of part of its non-performing loans to a special purpose company.

Addition of Maybankard MasterCard Platinum Debit increases chances of hitting 500,000 new cardholders target.

Hong Leong InvestSafe has consistently produced gross returns higher than fixed deposits since its inception three years ago.

Maybank has launched its 1Malaysia Momentum or M3 Structured Deposit, a capital protected investment plan for investors seeking potential gain regardless of the market conditions, with a target fund size of US$29.5 million.