Malaysia

Mega Islamic banks to position Malaysia in global Islamic finance

Mega Islamic banks in Malaysia will serve the needs of the domestic economy and position the country as the benchmark in Islamic global finance, says Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

Mega Islamic banks to position Malaysia in global Islamic finance

Mega Islamic banks in Malaysia will serve the needs of the domestic economy and position the country as the benchmark in Islamic global finance, says Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

All Malaysian banks expected to offer mobile banking service by mid-2013

All Malaysian banks are expected to participate in mobile banking service by the  middle of next year, says e-payment service provider MyClear.

Malaysia's EXIM Bank inks reinsurance MoU with UK's ECGD

Malaysia's EXIM Bank aims to establish a basis for the exchange of information, coinsurance, reinsurance and training with ECGD of United Kingdom via an MoU.

Maybank expects RM300M in ringgit mortgage expansion to Melbourne

Maybank expects a take-up of RM300 million in the next 12 months in expanding its overseas ringgit mortgage loan scheme to Melbourne.

Bank Permata raises $75M from sale of subordinated debt

Bank Permata raised Rp 700 billion or $75 million from the sale of subordinated debt that it offered from June 8 to 12.

Al Rajhi Bank utilizes CCM-i treasury instrument

Al Rajhi Bank Malaysia became the first Islamic financial institution to utilize the Collateralised Commodity Murabahah-i.

SME Bank taps BSN branches for collection

With better a collection system, SME Bank expects its NPLs to decrease to 15% by year-end, from 17% last year.

Malaysian Banks best in meeting customer expectations: Study

A study showed that Malaysian Banks met customer expectations better than any other group.

SME Banking & Financing tackled strategies to drive SME development

Top experts and major players from the industry shared ways to create sustainability in SMEs.

CIMB sees its Indonesia earnings surpassing that from Malaysia

CIMB predicts that its business in Indonesia will surpass that from its home base of Malaysia in profit before tax in three years.

Maybankard Visa cardholders get free shipping

Maybankard Visa debit or credit cardholders can enjoy free shipping cost of up to US$25 (RM76) when they shop at any US or UK merchant.

BSN's new service helps bring deals worth $15.8M

BSN posted over 600,00 transactions nationwide worth RM50 million or US$15.8 million since introducing its Banking Beyond Branches service in January.

Malaysian and Indian banks broker deal to boost trade

Malaysia-India trade stands to improve with the recent deal among a Malaysian and two Indian banks.

Police tells Malaysian banks to set up security system for ATMs

The Malaysian police suggested that banks set up a central security control system to monitor every ATM to detect any undesirable activities.

Talks of BEA divesting its shares push Affin to highest since August

Shares of Affin Holdings Bhd surged to RM3.38, on speculation that Bank of East Asia could be divesting its 23.5% stake in Affin.

Malaysia luring gulf banks with Islamic facility

Malaysia's centra lbank is luring commercial banks from the Gulf to trade more in the country’s syariah-compliant money market with an Islamic overnight funding facility.

Public Bank to redeem 2005 notes

Public Bank is redeeming the US$400million subordinated notes it had issued on June 20, 2005.