Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Ram Ratings Reaffirms Maybank Islamic's AAA/Stable/P1 Ratings
Last update: 05/01/2018

KUALA LUMPUR, Jan 5 (Bernama) -- RAM Ratings has reaffirmed Maybank†Islamic Bhd's financial institution ratings†at AAA/Stable/P1.

The ratings of its sukuk have also been reaffirmed.

"Maybank Islamic stands among the world's five largest Islamic banks, and on its own, it is the biggest domestic Shariah lender.

"The bank accounted for 34 per cent of the Malaysian Islamic banking sector's financing and a third of its deposits and investments accounts as of†end-September 2017," the rating agency said in a statement.

RAM Ratings said the bank's Islamic financing made up about 56 per cent of the Maybank Group's domestic financing as of†the same date, underlining its strategic importance to the banking group.

As of†end-September 2017, Maybank Islamic's gross impaired-financing†ratio stood a still-healthy 1.1 per cent compared to 1.0 per cent†as of end-December 2016.

The bank's liquidity profile had†stayed healthy as its liquidity coverage ratio averaged at†above 100 per cent in the third quarter of fiscal 2017, said RAM Ratings.

-- BERNAMA †

 <Back>

Islamic Financial Institutions should adopt IIFM standards
Islamic Banks eyes bigger trade financing mart share

 
Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

Taiwan's Shinkong Insurance company gets excellent ratings
Tinubu Square launches innovation lab for insurance and banking industry

 
MSAM 2018 records 200,168 visitors

MIDDAY, FRIDAY, MAY 18
US 3.9755/9785
S'pore 2.9597/9631
100 Yen 3.5828/5868
Sterling 5.3705/3761
Euro 4.6927/6974
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
Yes
 [tally] 15%
No
 [tally] 78%
Not sure
 [tally] 7%
Polls

 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution