Malaysia
Public Bank improves by 4.5% via financing income
Public Bank achieved a pre-tax profit of US$984.7 million and net profit of US$747 million for 2009. This happened on the back of a strong 10.2 percent growth in net interest and financing income. In the previous year, the Group’s pre-tax profit of US$1.002 billion included a significant one-off goodwill income of US$59.3 million in respect of the bancassurance distribution alliance with ING Asia/Pacific Limited. Excluding this one-off income, the Group's underlying operating pre-tax profit improved by 4.5 percent.
Public Bank improves by 4.5% via financing income
Public Bank achieved a pre-tax profit of US$984.7 million and net profit of US$747 million for 2009. This happened on the back of a strong 10.2 percent growth in net interest and financing income. In the previous year, the Group’s pre-tax profit of US$1.002 billion included a significant one-off goodwill income of US$59.3 million in respect of the bancassurance distribution alliance with ING Asia/Pacific Limited. Excluding this one-off income, the Group's underlying operating pre-tax profit improved by 4.5 percent.
EON Capital requests Bank Negara's nod for negotiations
Talks with Hong Leong for possible acquisition of its assets and liabilities are not yet finalised.
Public Bank to offer yuan accounts
Public Bank now offers Chinese Yuan Fixed Deposits and Chinese Yuan Current Accounts through an arrangement with Bank of China Berhad.
Reported investigations and resignations put Alliance in the spotlight
Speculations simmer down as bank's statement denied rumors of large-scale shakeup.
RHB Bank keen on new Indonesian arm, Mestika
Acquisition of Bank Mestika provides access to the bank's most important overseas market.
HSBC: Affluent customers prefer Shariah banking
HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.
StanChart Malaysia continues cost-efficient improvements
Addition of Global Payments Solutions breaks barriers in cross-border transactions with 80 percent savings in transaction costs.
Affin confident loans will increase by 10%
Sustained rise in demand for loans spurs optimism on reaching targeted 8 to 10 percent increase.
Maybank targets $955M deposit increase
Maybank is targeting to increase deposits by US$955 million during the current four-month period through its deposit campaign.
OCBC Bank Malaysia expects surge in SME loans
Malaysia's biggest foreign-owned lender attributes 30 percent year-on-year growth on new SME loan method.
CIMB transfers NPLs to subsidiary
CIMB Group received approval from the Minister of Finance for the proposed disposal of part of its non-performing loans to a special purpose company.
Maybank starts releasing premier debit card
Addition of Maybankard MasterCard Platinum Debit increases chances of hitting 500,000 new cardholders target.
Hong Leong Investsafe gross returns at 4.25%
Hong Leong InvestSafe has consistently produced gross returns higher than fixed deposits since its inception three years ago.
Maybank offers closer-to-home investment
Maybank has launched its 1Malaysia Momentum or M3 Structured Deposit, a capital protected investment plan for investors seeking potential gain regardless of the market conditions, with a target fund size of US$29.5 million.
Industrial & Commercial Bank of China aims expansion
Establishment of branches in Malaysia and acquisitions in Thailand commence ICBC's Southeast Asia expansion move.
HSBC Amanah launches its initial off-site ATMs
The opening of ATMs in Suria KLCC signals the start of the bank's expanded distribution capability.
Malaysia Building Society to shell out $591mln loans
CEO Ahmad Zaini expects the loans to improve lender's liquidity.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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