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Bursa Malaysia Bhd reported a net profit of RM81.3mil for the year ended Dec 31, 2005, surpassing the RM60.3mil it forecast at the time of its initial public offering (IPO) in February last year.
MERGER fever has definitely hit the banking sector. Assuming the three-way merger of CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) goes ahead, then more marriages are going to take place in the sector. The aim is to create regional giants.
PETALING JAYA: Datuk Abdul Farid Alias, in his first day on the job as Malayan Banking Bhd (Maybank) head honcho, said he would focus on bringing the group to a higher level, particularly through mergers and acquisitions in the region to boost its income contribution from regional businesses.
KUALA LUMPUR: The new chief executive officer (CEO) of Malayan Banking Bhd (Maybank) might be announced as early as end of this month, said its chairman, Tan Sri Megat Zaharuddin Megat Mohd Nor.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects its loans portfolio to continue growing at a high single-digit pace this year despite the stricter borrowing measures which had been put in place since January.
JAKARTA: Malayan Banking Bhds (Maybank) Indonesian unit PT Bank Internasional Indonesia Tbk (BII) recorded a 78% increase in its net profit to 267 billion rupiah (RM87.95mil) for the first quarter ended March 31, due to strong loan growth, better performance of the banks core businesses, and improvement of the overall banking operations.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) president and CEO Datuk Seri Abdul Wahid Omar said the bank is optimistic of keeping its current shareholding in Bank Internasional Indonesia (BII) in line with Bank Indonesia’s new shareholding requirement for commercial banks there.
PETALING JAYA: PT Bank Internasional Indonesia Tbk (BII), Malayan Banking Bhd’s (Maybank) Indonesian banking unit, saw its net profit climb 16% to Rp309bil (RM96.53mil) in the first quarter ended March 31, courtesy of double-digit growth in its deposit and loan books.