Malaysia

One of Southeast Asia’s top-ranked and most aggressive banks is now in a position to challenge its larger western rivals in Asia.

Bank Islam Malaysia has offered to acquire between 30 and 40 percent stake in an Indonesian Islamic bank.

Pos Malaysia has acquired the entire stake in Pos Ar-Rahnu Sdn Bhd to be used as the joint venture company.

Bank Negara Malaysia said applications for Islamic mega bank licences willbe determined on business viability.

CIMB Bank Bhd's youth savings account, YOUth, has attracted 95,000 youth since its launch in June last year.

Mega Islamic banks in Malaysia will serve the needs of the domestic economy and position the country as the benchmark in Islamic global finance, says Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

All Malaysian banks are expected to participate in mobile banking service by the  middle of next year, says e-payment service provider MyClear.

Malaysia's EXIM Bank aims to establish a basis for the exchange of information, coinsurance, reinsurance and training with ECGD of United Kingdom via an MoU.

Maybank expects a take-up of RM300 million in the next 12 months in expanding its overseas ringgit mortgage loan scheme to Melbourne.

Bank Permata raised Rp 700 billion or $75 million from the sale of subordinated debt that it offered from June 8 to 12.

Al Rajhi Bank Malaysia became the first Islamic financial institution to utilize the Collateralised Commodity Murabahah-i.

With better a collection system, SME Bank expects its NPLs to decrease to 15% by year-end, from 17% last year.

A study showed that Malaysian Banks met customer expectations better than any other group.

Top experts and major players from the industry shared ways to create sustainability in SMEs.

CIMB predicts that its business in Indonesia will surpass that from its home base of Malaysia in profit before tax in three years.

Maybankard Visa debit or credit cardholders can enjoy free shipping cost of up to US$25 (RM76) when they shop at any US or UK merchant.