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Banking

Bank Muamalat Approved 100% SME Payment Assistance Applications

With Covid-19 surge currently being experienced by the country seeing no sign of abating, many SME's who were already struggling during MCO...

HSBC supports local businesses to face operation challenges

HSBC Malaysia recognises that the pandemic has disrupted business across the board and remains committed to continue helping their customers in various ways. Hence, HSBC...

RHB Islamic launches eco-friendly debit card

In line with its committment towards sustainable practices, RHB Islamic Bank Berhad (“RHB Islamic”) becomes the first bank in Malaysia and the Asia Pacific...

BIMB 1Q20 net profit up by 3.3 percent to RM209.2 million

BIMB Holdings Bhd (BHB), reported its net profit attributable to shareholders rose 3.3 percent to RM209.2 million for the first quarter (Q1) ended March...

RHB Bank records RM570.9 million net profit in Q1 2020

RHB Bank Bhd recorded a net profit of RM570.9 million for the first quarter ended March 31, 2020 which is lower by 9.4 percent...

HLM Takaful i-Heritage Protector secures your family’s future

Hong Leong MSIG Takaful (HLM Takaful), the preferred Takaful provider, is committed to places more value on what matters most; family's health and safety,...

HSBC launches e-DuitRaya for customers to send to loved ones

HSBC Malaysia being the first international bank to launch DuitNow QR, has introduced new cashless payment and transfer features for customers to share and...

Alliance Bank announces reduction in base rates by 50bps

Alliance Bank Malaysia Berhad (Alliance Bank) has announced that it will reduce its Base Rate (“BR”), Base Lending Rate (“BLR”), and Base Financing Rate...

KPMG: Digital banks should focus on the unserved and underserved segment

According to KPMG's latest survey, Malaysian consumers are ready and willing to embrace digital banking. The study revealed that 77 percent of the 1,220...

UOB rolls out robo advisory services to Malaysia

UOB Bank expands its UOB Asset Management (UOBAM) Invest service, a robo-advisory service, for corporate investors who want to customise their investment portfolios online...

Hong Leong Bank eases loan application process for SMEs

Hong Leong Bank ("HLB" or the "Bank") has enhanced and simplified the application and approval process for SME loans so that they can fast...

Standard Chartered reduces base lending rate by 50 basis points, in line with BNM’s announcement

Standard Chartered Malaysia is reducing down its base rate and base lending rate by 50 basis points to 2.52 percent and 5.7 percent per...

Malaysian banking system loan growth sees 4% rise, according to RHB

According to RHB Investment Bank, the Malaysian loan growth is expected to fall to 0.4 percent year-on-year, as demand from both business and economy...

CIMB reduces base rates by 50 basis points

CIMB Bank Berhad and CIMB Islamic Bank Berhad will effect a corresponding 50-basis point reduction in their Base Rate and Fixed Deposit  and Fixed...

RHB revises base rate downwards by 50 basis points

RHB Banking Group has revised its Base Rate (BR) and Base Lending Rate (BLR) downwards by 50 basis points effective May 13, in line...

EXIM Bank is set to aid clients affected by Covid-19

Export-Import Bank of Malaysia Berhad (“EXIM Bank”) joins an array of caring banks offering assistance to clients who have been financially impacted by the...

Finance Minister requests banks to abolish accrued interests during moratorium period

By Poovenraj Kanagaraj Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has requested banks to abolish the accrued interest on hire purchase loans and profits...

BNM expresses regret on confusion caused in new set of FAQs

By Poovenraj Kanagaraj "We sincerely regret any confusion and anxiety that the announcement may have caused," Bank Negara Malaysia (BNM) said in a FAQ issued...

Hire purchase customers to pay additional interest charges if they take up moratorium offer

By Poovenraj Kanagaraj Bank Negara Malaysia (BNM) has announced that hire purchase loans and fixed-rate Islamic financing will see additional interest charges if customers were...

Bank Negara urges financial institutions to treat climate risk like any other financial risk

By Poovenraj Kanagaraj Bank Negara Malaysia continues to highlight the growing intensity and frequency of climate-related events that are increasingly posing physical and liability risk...