Malaysia

Malaysian banks troubled by weak loan growth in 2023

Loan applications contracted 16.1%, according to UOB Kay Hian. 

Malaysian banks troubled by weak loan growth in 2023

Loan applications contracted 16.1%, according to UOB Kay Hian. 

CIMB unveils sustainability-linked treasury programme

Clients may get a rebate upon achieving ESG-related targets.

Malaysian banks “well-placed” to weather 2023 headwinds: S&P

Credit costs are expected to stay flattish and slowing credit growth should be manageable.

Public Bank’s net profit up 3% to $1b in 2022

A second interim dividend of 4 sen per share has been announced.

Islamic banks must boost market share before any “radical” changes: analysts

But an abolition of the fractional reserve banking system may be a good idea.

Islamic finance professionals more open to adopting crypto, digital assets: survey

Lack of need to pay for interest rates appeals to conservative Muslims.

Public Bank teams up with Sunway Property for financing green development projects

Customers can avail of a special sustainable financing package.

CIMB Group core net profit jump 18.4% in H1

Interim dividend for the period is 13 sen per share.

Public Bank H1 profits stumble over one-off prosperity tax

This was partially offset by higher net interest income.

Maybank net profit down 9.2% to $415.7m in Q2

Fee-based income rose, but group braces for expected credit losses.

Malaysia’s card payment market value to grow 15.2% in 2022

A perfect storm for card adoption is brewing in the country.

Instarem enables real-time payments to Malaysia

Workers can save money from foreign exchange fees and transportation costs.

Public Bank net profits down 8.6% in Q1 as one-off tax bites

The operating environment remains challenging, the bank’s founder said.