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Maybank's Full-year Dividend Payout Totals RM5.9 Bln

KUALA LUMPUR, Feb 28 (Bernama) -- Malayan Banking Bhd's (Maybank) full-year dividend payout to shareholders for the financial year ended Dec 31, 2017, amounted to RM5.9 billion.

BNM Issues AML/CFT Policy For Digital Currencies

KUALA LUMPUR, Feb 27 (Bernama) -- Bank Negara Malaysia (BNM) has issued the Anti-Money Laundering and Counter Financing of Terrorism Policy (AML/CFT) for Digital Currencies to ensure that effective measures are in place to combat such activities.

RHB Bank 2017 Profit Rises 16 Pct To RM1.95 Bln

KUALA LUMPUR, Feb 27 (Bernama) -- RHB Bank Bhd's net profit rose 16 per cent to RM1.95 billion for the financial year ended Dec 31, 2017, largely driven by higher net funding income and lower loan loss impairment compared with RM1.68 billion the year before.

Alliance Bank Q3 Net Profit Eases To RM122.5 Mln

KUALA LUMPUR, Feb 26 (Bernama) -- Alliance Bank Malaysia Bhd's net profit for the third quarter ended Dec 31, 2017, eased to RM122.5 million from RM129.6 million recorded in the same quarter of 2016.

Banks Have Enough Notes For CNY - ABM

KUALA LUMPUR, Feb 15 (Bernama) --†The Association of Banks in Malaysia's (ABM) members have sufficient supply of banknotes†for the Chinese New Year (CNY) celebration.

Malaysia To Share Islamic Finance Experience With West African States

From Mohd Nasir Yusoff

DAKAR (Senegal), Feb 13 (Bernama) -- Malaysia has been invited Malaysia to the Fifth International Islamic Finance Forum West Africa 2018 here on March 19-20 to share its experience in Islamic finance.

Affin Islamic Keen On Green Technology, Renewable Energy Financing

KUALA LUMPUR, Feb 7 (Bernama) -- Affin lslamic Bank Bhd is keen on exploring more financing opportunities in the fields of green technology and renewable energy, says Chief Executive Officer, Nazlee Khalifah.

Malaysia Will Continue To Deliver Robust Growth: World Bank

KUALA LUMPUR, Feb 7 (Bernama) -- Malaysia will continue to deliver robust growth, well-backed by its diversified economy, a wide range of reform initiatives and strong macroeconomic policy frameworks to withstand external shocks, said World Bank Group.

AmBank Group Bags Best Investor Relations Banking Group 2017

KUALA LUMPUR, Feb 5 (Bernama) -- AMMB Holdings Bhd (AmBank Group) has been named 'Best Investor Relations Banking Group Malaysia 2017' by the Global Banking & Finance Review (GBFR) in an annual poll.

Bank Muamalat Clarifies New Rates

KUALA LUMPUR, Feb 2 (Bernama) --†Bank Muamalat†clarifies that in line with Bank Negara†Malaysia's decision to increase the overnight policy rate to 3.25 per cent, effective Feb 6, 2018, it would increase its base rate (BR) from 3.75 per cent to 3.95 per cent per annum, and not 4.00 per cent as announced earlier.

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GST ends on AIBIM Bank services & products
RHB Islamic Bank CEO is new AIBIM President

Islamic Financial Institutions should adopt IIFM standards

Zero GST for life, general insurance and Takaful products
Takaful Malaysia converts composite licence to single licences

Taiwan's Shinkong Insurance company gets excellent ratings

US 3.9960/9990
S'pore 2.9580/9611
100 Yen 3.6147/6177
Sterling 5.2935/2979
Euro 4.6342/6384
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?

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