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OCBC's net profit rises 17 pct for FY17

OCBC Malaysia will continue to uphold its position as a banker of choice and among the very top foreign banks in the country with the combined strength of conventional and Islamic banking franchise.

CIMB to achieve 6 pct loan growth for FY18

The growth would be driven by all its business segments, particularly from consumer banking and wholesale on the corporate side.

Free online fund transfers have minimal impact on income - CIMB

KUALA LUMPUR, April 26 (Bernama) -- CIMB Bank Bhd said its zero-fee interbank fund transfer has a minimal impact on the bank's non-interest income (NII).

CIMB offers zero-fee online fund transfers

Zero-fee fund transfers will encourage more of its customers to switch to electronic payments while helping to develop Malaysia's e-payments ecosystem.

RHB to launch three new digital products by H1 2018

KUALA LUMPUR, April 25 (Bernama) -- RHB Bank Bhd expects to launch at least three new digital products by the end of the first half (H1) of 2018.

Islamic equity class should explore solutions to stay competitive - Sultan Nazrin

KUALA LUMPUR, April 25 (Bernama) -- The Islamic equity asset class needs to explore solutions to the challenge of scale, with the aim of achieving critical mass volume in order to remain competitive, said the Sultan of Perak, Sultan Nazrin Shah.

Affin eyes 60,000 credit card-i holders in first year

KUALA LUMPUR, April 21 (Bernama) -- Affin Bank Bhd's unit, Affin Islamic Bank Bhd aims to garner 60,000 Affin Islamic Credit Card-i holders within the first year of its launch.

Tekun Nasional spends over RM17 mln on Ar Rahnu financing

KOTA BHARU, April 18 (Bernama) -- The National Entrepreneur Group Economic Fund (TEKUN Nasional) has spent over RM17 million on loans for customers of its Ar Rahnu product, an Islamic pawnbroking scheme which it introduced in 2015.

AmBank bags two Malaysian e-Payments Excellence Awards

This achievement is indeed an honour as it further demonstrates our commitment and efforts in encouraging our customers and partners

RHB Islamic partners RMCD to reduce usage of cash, cheques

KUALA LUMPUR, April 16 (Bernama) -- RHB Islamic Bank Bhd is collaborating with the Royal Malaysian Customs Department (RMCD) to reduce the usage of cash and cheques through RHB Corporate MyDebit Card.

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Maybank Islamic wins Islamic Bank of the year award
GST ends on AIBIM Bank services & products

RHB Islamic Bank CEO is new AIBIM President

AmGeneral eyes 2-3 pct growth in premium in FY19
LIAM seeks govt support on insurance penetration

LIAM urges more operator participation to help B40

US 4.0470/0500
S'pore 2.9655/9688
100 Yen 3.5973/6010
Sterling 5.3574/3626
Euro 4.7285/7324
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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