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RHB Q1 net profit up 18.1 pct to RM590.82 mln

KUALA LUMPUR, May 31 (Bernama) --RHB Bank Bhd's net profit for the first quarter ended March 31, 2018 (Q1 2018) improved 18.1 per cent to RM590.82 million from RM500.28 million registered in the same quarter last year.

Hong Leong Bank, Hong Leong Islamic Bank to offer ASNB Funds effective June 1

Through this strategic collaboration with ASNB, we can now provide a more diversified range of investment offerings that can generate long-term, consistent and competitive returns to our customers.

CIMB Group Q1 net profit rises to RM1.34 bln

Higher net profit was achieved on the back of sustained cost discipline, lower provisions and gain from a stake disposal in CIMB Securities International.

Irwan is no longer member of BNM board, says BNM

KUALA LUMPUR, May 28 (Bernama) --Bank Negara Malaysia today announced that Tan Sri Dr Mohd Irwan Serigar Abdullah is no longer a member of its board of directors (BNM Board) by virtue of the fact that he has ceased to hold the office of Secretary-General to the Treasury, effective May 14.

Financial industry players must step up ethical standards

KUALA LUMPUR, May 24 (Bernama) -- Financial industry players must step up their ethical standards in line with government efforts at reforming the country to become more transparent and accountable, said Financial Services Professional Board (FSPB) Chairman, Tan Sri Mohd Munir Abdul Majid.

RHB Islamic Bank CEO is new AIBIM President

KUALA LUMPUR, May 21 (Bernama) -- The new-named Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) has appointed Datuk Adissadikin Ali as its president for the 2018-2020 term, replacing Datuk Mohd Redza Shah Abdul Wahid.

Banking industry achieves higher customer satisfaction score

KUALA LUMPUR, May 17 (Bernama) -- The overall Customer Satisfaction Index (CSI) score of the Malaysian banking industry improved to 74.3 points out of 100 in 2017.

CIMB to boost product take-up rate

KUALA LUMPUR, May 16 (Bernama) -- CIMB Group Holdings Bhd plans to increase the product take-up rate per customer to more than one through the launch of the CIMB FIRST online platform.

Islamic Financial Institutions should adopt IIFM standards

KUALA LUMPUR, May 8 (Bernama) --The adoption of the International Islamic Financial Market (IIFM) standards will result in a stronger and more vibrant Islamic financial services industry, said Danial Mah Abdullah, Director-General of the Labuan International Business and Financial Centre (Labuan IBFC).

Public Bank Q1 net profit higher at RM1.42 bln

KUALA LUMPUR, May 2 (Bernama) -- Public Bank Bhd's (PBB) net profit for the first quarter (Q1) ended March 31, 2018 increased to RM1.42 billion from RM1.27 billion recorded in the same period last year.

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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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