Malaysia
Public Bank raises interest rates by 0.25%
Public Bank raises interest rates by 0.25%
Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.
OCBC and RHB co-establish two sustainability-linked solutions
The facility will enable RHB Malaysia to convert its SGD-denominated proceeds to US$.
CIMB on track to realise sustainability goals
The bank doubled its sustainable finance target after achieving the initial target in 2022.
NIM, higher expenses drag on Malaysian banks’ earnings growth in 2023
Mid- to high-single digit NIM compression will offset loan growth, an analyst said.
Public Bank offers repayment relief to Malaysia flood victims
Customers affected by the floods can defer monthly loan payments for up to 6 months.
Maybank’s net profit up 1.6% to $1.8b in 2022
Improving regional economic activities and lower net impairment losses led to the growth.
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.
Malaysian banks’ asset quality to deteriorate in 2023 as moratoriums expire
NPL ratio may rise to up to 3% over the next two years.
Malaysia’s Public Bank enables Google Wallet payments for Visa card holders
They are amongst first to enable it in Malaysia.
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.
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