Malaysia

BIMB Holdings Bhd has confirmed receiving notification from Khazanah Nasional Bhd and DRB-Hicom Bhd on the sale of their stake in Bank Muamalat Malaysia Bhd to the company.

Moody's  upgraded EON Bank Bhd's foreign currency long-term/short-term deposit ratings to A3/P-1 from Baa2/P-3.

Malaysia Airlines and Maybank's partnership to promote debit card use for online air ticket purchases grew 195 per cent in billings and 145 per cent in Maybank debit transactions.

Hong Leong Bank Bhd has acquired EON Capital Bhd's assets and liabilities for RM5.06 billion.

Premier Heritage policyholders to earn minimum interest of 2.5% per annum upon maturity when the bearer reached hundred years old.

Maybank expanded its network in Cambodia by opening its 10th branch in Kampung Cham.

Sources said Chinese suitors not keen on buying the Abu Dhabi Commercial Bank's block in the company.

Primus to appeal against court decision that clears way for EON to accept Hong Leong $1.7bn takeover offer.

Bank Negara Malaysia will put up a representative office in Beijing, China.

China Construction Bank Corporation and has approached the Malaysian Finance Ministry for permission to speak to EON's major shareholders. The bank is said to be eyeing a stake in EON Capital.

The lender said it gained more trust from customers since its third-party fund placement increased by 50%.

Growth in overall financing balance and excellent asset quality fueled the increased in profit.

The programme also enables Maybank to issue notes, senior and/or subordinated notes in currencies other than ringgit.

The lender to get more out of the impressive performance of its Singapore unit as its pre-tax profit there jumped by 49%.

Maybank is eyeing a 100 per cent growth for customers' debit card spending in the current financial year. The bank will popularise debit card use through promotions and expanding the number of merchants offering debit card payment.

Bank Rakyat's Pasir Mas branch exceeded its target for the I-Aslah loans scheme in giving out loans totalling more than RM31 million for the first three months of this year.