Malaysia

CIMB Bank is hoping to grow its retail deposit business by 17 to 18%  this year from RM53 billion last year.

RHB Capital Bhd has signed a deal to acquire OSK Investment Bank Bhd for RM1.977 billion or US$625.9 million in cash and stocks.

Maybank Investment Bank Berhad (MIB) has obtained an investment banking licence from Hong Kong.

RHB Capital saw its pre-tax profit for the first quarter ended March 31, 2012 fell to RM580.72 million or US$184.3 million from RM610.60 million.

CIMB Bank 's first quarter revenues were driven higher from non-interest income from debt capital markets.

CIMB announced a 10.3 percent increase in first-quarter net profit mainly due to stronger regional corporate banking and treasury markets businesses.

AMMB Holdings pre-tax profit for the financial year ended March 31 surged to RM2.082 billion from the RM1.865 billion posted the previous year.

Bank Simpanan Nasional increased its net income for financial year ended Dec 31, 2011 to RM1.032 billion or US$332 million.

Hong Leong Financial Group increased its earning by a 49.2% increase in earnings to RM394.77mil in the third quarter ended March 31.

While HSBC Malaysia had been growing in the last two years and was looking at its cost base very carefully, it has yet to fully penerate the Malaysian market.

Malaysia’s small and medium enterprises receive more banking support in their quest for higher exports.

Exim Bank Malaysia had approved RM800 million or US$259M in loans as of April, according to its Managing Director/CEO Datuk Adissadikin Ali.

Moody's gave CIMB Bank Bhd's plan to acquire a 59.98 per cent stake in the Philippines Bank of Commerce positive rating.

CIMB Bank relocated its commercial banking centre from Jalan Barat to Wisma BU8, Petaling Jaya.

CIMB Bank Bhd's proposed acquisition of a 60 per cent stake in Philippines-based Bank of Commerce has no immediate rating impact.

CIMB Group Holdings Bhd., the largest company on Bursa Malaysia, has taken control of Bank of Commerce, an affiliate of San Miguel Corporation.