Malaysia
CIMB gets approval to expand in Cambodia
CIMB gets approval to expand in Cambodia
Country's central bank governor granted approval-in-principle to lender's bid to offer banking services to 14mln Cambodians.
Bank Simpanan Nasional partners with Bank Rakyat Indonesia
Tie-up aimed to generate 40,000 monthly transactions on money transfer services to Indonesia.
OSK Research upgrades forecast on Maybank's earnings growth
Lender's conservative attitude towards provisioning key factor for OSK's 2.6% earnings growth forecast in 2010.
Hong Leong may forgo shares sale for EON
Analysts think that HLB is sticking to its all-cash $1.59bln offer to stamp the EON deal.
Hong Leong submits application for EON's takeover
HLB also submitted application for $470.37mln rights issue to Malaysia's central bank for its expansion.
Bank Rakyat studies potential entry in Brunei
Brunei official's invitation prompted lender to consider bringing its banking operations to the oil-rich sultanate.
Affin rejects report of bidding for EON Cap
Affin said it is on a lookout for growth opportunities despite denying move to acquire EON.
Citibank Malaysia eyes double-digit revenue growth
Opening of 4 new branches is part of lender's aggressive expansion.
Affin shows interest in EON Cap takeover
Affin sees EON Cap takeover a possible opportunity to strengthen position in banking industry.
EON Cap withdraws dividend payment plan
Board handed down decision to avoid reduction in $1.6bln offer price to HLB.
Malaysia central bank to introduce Shariah governance framework
Timing of launch deemed strange as Shariah advisory role in Islamic finance is under scrutiny.
RHB interested in engaging in M&A
Lender sees possibility of the move within the year if it would give strategic advantage.
Maybank Islamic eyes financing to grow above 18%
CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.
Affin to complete Bank Ina takeover by Q3
Malaysian bank's shareholder Boustead saw Malaysian lender's move essential to gain foothold in Indonesia.
Drawn-out acquisition talks may disrupt EON Capital business
Lender’s suitors need to hasten deal closure to avoid adverse investor sentiment and lowered staff morale.
Affin Bank launches new fixed deposit product
Product enables customers with account in local currency to be converted to any foreign currency.
EON Capital obtains approval for new directors
Bank Negara affirms EON shareholder’s appointment of 7 independent directors last Friday.
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