Malaysia
Chart of the Week: Malaysia’s card payments market to be worth $80.2b in 2025
Market value is expected to rebound 8.5% in 2020 after declining last year.
Chart of the Week: Malaysia’s card payments market to be worth $80.2b in 2025
Market value is expected to rebound 8.5% in 2020 after declining last year.
Why Malaysian banks are spending more on financial wellness apps
They spent the most amongst other markets in the Asia Pacific region.
Negative gov't intervention fuels rise of Malaysian banks’ systematic risks
Officials’ moratorium programs are hurting lenders’ profitability.
HSBC Amanah bags Credit Card Initiative of the Year - Malaysia at ABF Retail Banking Awards 2021
Its ESG Charity credit card feature highlights the bank’s commitment to sustainability.
Kenanga Investment Bank net profit surges 4-fold to RM64.7m in H1
This reflects an almost four-fold increase from the same period last year.
AirAsia's BigPay secures $100m from South Korean conglomerate
The funding is just one step closer to BigPay’s ambition to be the largest challenger bank in SEA.
India bans Mastercard from issuing new cards in the country
Mastercard has not complied with data storage rules, the Reserve Bank of India said.
Malaysia’s Public Bank offers 6-month moratorium to customers
This is in line with the Pemulih stimulus package announced by the government.
UOB Malaysia appoints new deputy CEO
Ng Wei Wei will retain her current role as head of wholesale banking alongside this promotion.
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
Public Bank reassures COVID-hit loan customers it will continue to offer support
The bank has assisted over 160,000 customers affected by the pandemic.
Malaysia’s Maybank will no longer finance new coal activities: report
The bank was criticized by NGOs in Malaysia and Indonesia for funding coal plants.
Malaysian banks' profits to recover faster than SEA peers: Moody's
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
Malaysian banks’ profits to recover faster than SEA peers: Moody’s
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
DBS appoints Abdul Raof Latiff as new DBS Malaysia country head
They also appointed a new Group Head of Digital for Institutional Banking last January to replace Latiff.
CIMB posts $293.5m net profit for FY2020
Higher loan provisions affected the bank's performance.
Demand for Islamic banking set to soar in South Asia, SEA
The large untapped population in these regions and government support will drive long-term expansion.
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Technology to underpin future of financial services
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Banking Technology
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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