Malaysia

 

 

Great Eastern offers Islam-compliant insurance products and services to cater 60.4% of Malaysia's population of 28.3mln.

The high level of reinvestment under dividend plan showed the confidence shareholders had in the bank.

Malaysian banks continue their double-digit net earnings growth to a fifth straight quarter.

Th lender aims to provide world class service to customers by offering a complete Islamic finance.

AmIslamic Bank Berhad and Sabah Credit Corporation signed a US$31.9 million Islamic Banking Facilities agreement.

The year-on-year growth for nine months is part of the Group’s first set of financials which are in full compliance with the Basel II framework.

CIMB Bank has received its license to fully operate a 100 per cent owned subsidiary in Cambodia.

The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing in ING and the PBB.

Entrepreneurs who cannot fulfill the lending requirements can avail loans of up to $15,960.

Experiences during Asian financial crisis and the preparation and implementation of the Financial Sector Masterplan for the development of the Malaysian financial system earned her the post.

Maybank recorded a profit after tax and minority interest of US$328 million for the quarter ended September. It is up 16.6 per cent from the bank’s profit after tax of US$281 million in the same period last year.

The Public Bank achieved a pre-tax profit of US$958.6 million for the first nine months of 2010. The figure represents a 22 per cent growth from the corresponding period in 2009. Over the same period, the Group recorded a net profit of US$712.5 million, 20 per cent higher as compared to US$595.5 million achieved in the corresponding period in 2009.

Malaysia opens its doors to international banking as it implements liberalisation measures over the period 2009 to 2012.

Financing income rises for the first nine months behind strong growth in all business segments.