Malaysia

CIMB will implement a new private pension scheme in Malaysia.

Malaysian card issuers will be implementing transaction alerts via short messaging service to their cardholders in the case of certain types of transactions and of certain triggers.

The purchase provides Maybank platform to expand services that includes IPOs within Southeast Asia.

Members of the National Union of Bank Employees  held a peaceful one-and-a-half hour picket in front of Menara Maybank.

The assignments aim to empower the group with extensive management experience and expertise in key areas for its next phase of growth as a regional leader.

Month-on-month transaction growth of 11% has been achieved by the bank since it introduced foreign currency dispenser machines.

CIMB Bank has appointed Datuk Zainal Abidin Putih as chairman of the board of directors.

EON Bank will use a new campaign to grow its total customer deposits by 15.7 per cent this year.

CIMB Group is eyeing mergers and acquisitions to expand its Southeast Asian franchise.

Bank Islam's stake in Sri Lanka's Amana Bank has increased to 20 per cent after an additional eight per cent acquisition.

The Malaysian lender seeks pending regulatory approval from Indonesia as Bank Negara Malaysia has already approved the deal last January.

Maybank has added enhanced security features to its Internet banking portal, Maybank2u.com.

Sumitomo Mitsui Banking Corp announced that that its subsidiary in Kuala Lumpur will begin operations on April 11.

Former Finance Minister Tun Daim Zainuddin feels there are now "way too many banks" in Malaysia.

Malaysian Rating rated the sukuk AA+IS and carried a tenure of 10 years from the issue date on a 10 non-callable five basis.

Bank Rakyat received Bank Negara Malaysia's approval to increase its share capital from two billion to three billion.