Malaysia

Standard Chartered Bank Malaysia projects retail loan growth at single digit; however, there are other growth triggers for corporate loan growth.

After posting a record pre-tax profit of RM 2.02 billion or US$600.7 million, Bank Rakyat declared a record dividend of US$122.29 million.

Challenges facing Malaysia’s first Islamic bank will dent its bottom line this year.

The Royal Bank of Scotland plc (RBS) is bullish over the Malaysian ringgit, with the local currency projected to move within the 3.05-3.02 range to the US dollar this year.

Public Bank has declared a cash dividend of 48 sen per share for financial year ended Dec 31, 2011.

More corporate loans are expected In Malaysia this year and offset the expected slowdown in household loans this year.

Kenanga Investment Bank Bhd launched its new branch at Batu Pahat, Johor, making it the sixth branch in the southern region.

HSBC Bank Malaysia will finance a 1,000MW coal-fired power plant in Tanjung Bin for US$2.114 billion.

Al Rajhi Bank has appointed Suliman AbdulAziz Azzabin as chief executive officer.

Malaysia’s Khazanah Nasional triples its ownership in CIMB Group Holdings Bhd, one of Malaysia's leading banks.

CIMB Niaga's micro lending segment surged 352 percent last year to Rp 1.2 trillion or US$130.9 million from Rp 271.9 billion in the previous year.

Khazanah Nasional Bhd has increased its stake in CIMB Group Holdings Bhd by 1% to 29.9% in an open market purchase.

Islamic finance offers a comprehensive and competitive solution in meeting funding and investment requirements of businesses.

Joint ventures between Sabah and foreign companies helps encourage more tourists to the state, says Sabah Chief Minister Datuk Seri Musa Aman.

ANZ has expanded into Malaysia with a branch office in the Labuan International Business and Financial Centre.

Bank Islam expects 2012 to be challenging with moderate loans growth and weaker net interest margin as competition sets in.