Malaysia

Moody’s says GDP growth of 5% - 6% will help support the banking sector’s sustainability in earnings.

Mayban IB Holdings can exercise its right of compulsory acquisition of all Kim Eng Shares at US$2.51 per share.

The new line-up to prepare the lender to take advantage on growth opportunities in the country and region.

CIMB plans to have talks with Aabar Investments regarding the merger.

The lender’s Malaysian presence in Malaysia will foster the financial linkages between Kuala Lumpur and Banrain and to develop the Islamic financial system in the country.

HSBC, CIMB, Maybank, and Citibank to lead sukuk issue as Malaysia plans to repeat roadshows conducted in Asia, the Middle East and Europe.

VietinBank launched programmes in line with the socio-economic development orientation of the government and the State Bank of Vietnam  to support agriculture, rural development and export activities, the bank's representative said.

Maybank will only proceed with the purchase if it adds to earnings to be used to compete with Chinese banks’ entrance in Malaysia.

RHB Bank has launched the e-Dividend service through its Reflex Online Cash Management for corporate clients.

CIMB is said to be "lukewarm" towards a merger with RHB.

The partnership also plans to introduce additional services such as money transfer and the opening of savings accounts soon.

RHB Capital has received permission from Bank Negara to negotiate with CIMB Group and Maybank on merger plans.

Mitsubishi USJ Financial Group Inc plans to strengthen its capital alliance with CIMB group to boost its banking business in South-East Asia.

The fund was intended for investors seeking long-term capital growth on their investment to tap potentials of one of fastest growing economies.

Bank Muamalat will open three new branches to add to its existing network of 55, said its chief executive officer, Datuk Mohd Redza Shah Abdul Wahid.

With the Malaysian government being the biggest shareholder in both banks, this one should be a no brainer.