Positive outlook for banking on loan growth
Market analysts remain mixed on the outlook of the local banking sector.
Banking
OCBC Malaysia pioneers Islamic sustainable financing for PNB
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd has pioneered the inaugural Islamic Sustainable Financing Facility for Permodalan Nasional Bhd’s (PNB) wholly-owned subsidiary,…
CIMB appoints Novan Amirudin as new group CEO
KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Novan Amirudin as its group chief executive officer (CEO), effective July 1,…
Philippine c.bank gov says rates may be cut before Fed, weighs on peso
MANILA: The Philippine central bank governor reiterated on Tuesday that the benchmark rate could be cut ahead of the Federal…
Global banks start targeting a new breed of real estate risk
LONDON: At some of the world’s biggest banks, loans to commercial real estate face new litmus tests that promise to…
RBA possibly the only other major central bank at risk of hiking
SYDNEY: Australia’s central bank may have no choice but to resume raising interest rates this year if inflation fails to…
Hong Leong Bank records RM1.04bil net profit in 3Q
KUALA LUMPUR: Hong Leong Bank Bhd is cautiously optimistic over the business outlook and macroeconomics for the remainder of FY24…
Deutsche Bank explores blockchain opportunity
The blockchain technology underlying the digital asset sector provides an opportunity for banks to respond to the margin compression across…
Australia’s ANZ exits AMMB with US$149mil stake sale
KUALA LUMPUR: ANZ Group, Australia's fourth-largest bank, has fully exited its investment in Malaysian lender AMMB Holdings by selling its…