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Business 22 Feb 2006 | 12:00 AM

SME Bank to lend out RM2b

The SME Bank has targeted a 25% loan growth to RM2bil this year, said its chairman Datuk Gumuri Hussin.

Business 12 Jan 2006 | 12:00 AM

Foreigners likely to buy up NPLs

Foreign investors are expected to lead the purchases of non-performing loans (NPLs) following Bank Negara's new guidelines on the disposals of NPLs for banking institutions.

Business 13 Dec 2005 | 12:00 AM

Financial literacy vital for emerging economy

Financial literacy has become more urgent particularly in Asia's emerging market economies where household consumption is becoming an important driver of growth, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

Business 08 Dec 2005 | 12:00 AM

EON Bank the latest to revise lending rate

EON Bank Bhd yesterday joined the bandwagon in revising its base lending rate (BLR) by increasing it to 6.25% from 6% effective today.

Business 02 Dec 2005 | 12:00 AM

KLCI drops to 887 points as investors turn cautious

INVESTORS sold down shares in a knee-jerk reaction to the 30 basis points increase in Bank Negara's overnight policy rate to 3% on Wednesday, dealers said.

Business 01 Dec 2005 | 12:00 AM

MPlant incurs second quarter net loss of RM230mil

Financial group Malaysian Plantations Bhd has incurred a net loss of RM229.87mil for the second quarter to September against the preceding year's net profit of RM52.3mil, due to provisions for loan losses and impairments.

Business 30 Nov 2005 | 12:00 AM

Southern Bank posts higher quarterly profit of RM98million

SOUTHERN Bank Bhd (SBB) posted an increase in net profit to RM98.2mil for its third quarter ended Sept 30, compared with RM93.5mil a year ago, mainly due to increased gross interest income, which reflects positive loan growth in most segments.

Business 19 Nov 2005 | 12:00 AM

AMMB quarterly earnings jump 67%

BANKING groups continue to report big increases in profits with AMMB Holdings Bhd being the latest to announce stronger financial results.

Business 15 Nov 2005 | 12:00 AM

Public Bank voted top bank for second time

PUBLIC Bank Bhd has been voted 'Bank of the Year in Malaysia' for 2005 for the second time by the Britain-based banking industry publication I>The Banker/I>.

Business 24 Oct 2005 | 12:00 AM

Stockwatch

Hanim Adnan writes on IOI Corp, Sun Inc, Public Bank, Malakoff and Unisem.