Malaysia

Hong Leong Bank is offering a voluntary separation scheme to all permanent employees of the bank and MIMB Investment Bank.

Bank Muamalat opened a branch in Taman D Lahar, Kota Putera, in Besut district.

AmInvestment Bank Group has launched a four-year close-ended fund that caters to investors looking for regular income and capital preservation.

India's Andhra Bank plans to start operations in Malaysia by as early as next month, according to a report citing the bank’s chairman and managing director R Ramachandran.

CIMB Bank launched its CIMB Trader Deposit Account, a combination of savings deposit with a securitised direct share trading account that allows customers to trade online in any security listed on Bursa Malaysia.

Takaful Malaysia paid Mudharabah profit-sharing totalling RM578,000 to Universiti Kebangsaan Malaysia for their Group Takaful Scheme.

The penalty imposed on DBS Bankby the Monetary Authority of Singapore for the disruption to its online and banking systems in July has now been lifted.

She has over 18 years of experience in the financial industry and was the Global Head of Islamic Markets at Bursa Malaysia.

SME Bank approved loans totalling RM1.3 billion in September this year, said managing director Datuk Mohd Radzif Mohd Yunus.

Hong Leong Takaful expects to net RM10 million in gross premiums in the first year following the MoU  with Malaysian Building Society Bhd for the i-Save takaful plan.

The lender said customers can start planning for personal accident coverage for three generations from as low as $13 monthly.

Bursa Malaysia Securities provides 6 month extension of its $416mn fundraising scheme.

Estimate was made after the lender joined forces with Axis to boost remittance from India.

Huawei Technologies will introduce the virtual ATM service in Malaysia next month.

A Vesting Order has been granted by the High Court to  transfer the entire business including all assets and liabilities of EONCAP Islamic Bank Bhd to Hong Leong Islamic Bank from Nov 1, 2011.

Bank Rakyat's pre-tax profit and zakat for the first of 2011 is up by 17 per cent to RM1.5 billion from RM1.28 billion in the same period last year, reports Bernama News.