Malaysia

India's LIC Housing Finance Ltd, is looking to expand in Malaysia and Singapore as it seeks to increase its overseas presence.

Moody's gave a stable outlook for Malaysia's banking system in the next 12 to 18 months with its expansionary policies tosupport credit growth.

Malaysia welcomes the continued participation of Japanese financial institutions in the domestic financial sector and in the Labuan International Business and Financial Centre.

Agrobank expects to disburse at least US$15.7 million in loans with the launch of its latest product aimed at reducing the financial burden of the padi farmers.

 

AMMB Holdings Bhd's plan to acquire the entire stake in MBF Cards for RM623.4 million pushed MBf Holdings Bhd's share price by three sen to RM1.04.

India International Bank Malaysia Bhd aims to record RM2.5 billion or US$785 million in loans and deposits in the next three years.

A Nielsen study revealed that 39% of Malaysian online consumers use credit cards as a common payment method for dining, shopping and entertainment activities.

A spate of high-profile robberies in the Klang Valley had Malaysian banks thinking of removing ATMs in malls, supermarkets, petrol and rail stations.

OCBC Al-Amin Bank launched Malaysia's first standalone seven-days-a-week Islamic day-and-night banking branches.

Maybank aims to attract US$10 million investment on its "Maybank Silver Investment Account" within the first year.

Hong Leong Bank will open 20 new branches for its new sub-brand, Mach by Hong Leong Bank, in the next two years.

Bank Mandiri's mortgage loans grew by 29 to 30 percent in the first half as it expanded into financing smaller houses.

Maybank is seeing opportunities in segments of its financial services despite the slowdown.

Standard Chartered Bank is making Kuala Lumpur its global business hub for Islamic consumer banking as part of its strategy to grow its Islamic banking business.

The National Bank of Abu Dhabi has opened its wholly-owned subsidiary in Malaysia to extend its expansion to 14 countries.