Malaysia

Banking statistics for December 2010 was seen by analysts as a good round-up for 2010’s sector loans growth.

EON Bank continues to open more branches and pursue investments in 2011.

Moody's assigned a provisional foreign currency rating of A3 to CIMB Bank's US$1 billion Multi-Currency Euro Medium Term Notes Programme.  

EON Bank Bhd is going ahead with its expansion plans this year despite being caught in the middle of a takeover saga.

The CIMB group received approval from the Securities Commission for a multi-currency euro medium term note programme  of up to US$1 billion or its equivalent.

The Public Bank Group recorded a pre-tax profit of US$1.34 billion for 2010. The figure represents a 23 per cent growth from 2009. The Group also recorded a net profit of US$999 million in 2010, 21 per cent higher as compared to US$825 million achieved in 2009.

 

 

It may take about 1 to 2 years for the bank to open its first branch in India.

OSK Research has maintained buy call on Maybank as it is 'neutral to slightly positive' on the Maybank-Kim Eng deal.

7 of the proposed branches worth $327,118 each will be set up in Sabah.

 

Transaction represents stepping up of the lender’s investment banking and equities platform in ASEAN.