Malaysia

Standard Chartered Bank has opened its first Saadiq branch in Sabah to strengthen its presence in the state.

The CIMB Group has appointed Katsumi Hatao as its non-independent non-executive director.

Maybank posted RM3.563 billion or US$1.18 billion in pre-tax profit in the first six months ended Dec 31, 2011.

Bank Simpanan Nasionalrecorded 35,917 transactions valued at RM2,974,927 since the start of its aggressive drive to promote Banking Beyond Branches.

Bank Permata reported an increase in profit last year as loan demand by Indonesian consumers and corporations rose and the economy grew.

New guidelines for automotive loan borrowers will be discussed following the 25 % drop in sales of new motor vehicles last month, says Proton.

All loan applicants under the PTPTN must open an account with the SSPN through Maybank or Bank Islam.

CIMB Niaga's president director Arwin Rasyid says Indonesia is in its “golden years” and lenders will benefit.

Malaysia's Finance Ministry along with banks have created a finance cluster to help traders and entrepresenurs in Rural Transformation Centres  expand businesses.

Bank Muamalat started its repositioining program of upgrading and reocating branches with its 57th branch in Temerloh.

China's micro-credit sector experience massive growth with encouragement from the government.

CIMB Group’s Asian expansion plan will not be significantly impacted by its purported acquisition of Asian assets of the RBS.

Bank Islam elicited encopuraging response in Sabah and Sarawak for its Al-Awfar Junior savings account for young customers.

Bank Simpanan Nasional hopes to sustain the 10 percent growth last year for its Islamic banking product account savers.

Bank Negara Malaysia clarified that only licensed banks can buy and sell of foreign currency in Malaysia.

AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.