Malaysia

Elevated loan provisions triggered the fall.

Impairment allowances surged to $417m.

Financial growth will drop but will remain higher due to Islamic banking expansion.

Sovereign sukuk issuance soared 39.2% on COVID-related budget pressures in H1.

Malaysia will drop all criminal charges against the bank.

Clients who will struggle to restart repaments may get an extension, based on a case-to-case basis.

Malaysia's finance minister is hopeful that it will help recover lost assets.

They are targeting 100,000 users in the first year of launch.

The company plans to build an Islamic digital wallet.

#RazerForLife will waive MDR fees for new SMEs until 31 December.

It begins with traders from five markets in Penang adopting the solution.

They are likely to deteriorate deeper should governments fail to mitigate fiscal risks.

Small banks could lose market share as digital newcomers target underserved segments.

CIMB Group Holdings Berhad has appointed Abdul Rahman Ahmad as new group CEO/executive director for CIMB and CEO/executive director for CIMB Bank Berhad, effective 10 June.

Only 6-9% of customer finish applying for a non-fully digital account opening service.

There’s just little banks can do to encourage people to take out loans.