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Business 27 Feb 2004 | 12:00 AM

MD: Bank Rakyat sees RM400m profit for FY 2003

BANK KERJASAMA Rakyat Malaysia Bhd is anticipating pre-tax profits of some RM400mil for its financial year ended December 2003, said managing director Alim Ariffin said.

Business 26 Feb 2004 | 12:00 AM

Exports to remain a dynamo for GDP

THE strong economic growth numbers released by Bank Negara yesterday have clearly beaten market consensus. Economists and fund managers interviewed by StarBiz see the growth momentum continuing at a faster pace this year.

Business 21 Feb 2004 | 12:00 AM

RM1bil interim net profit for Maybank

MALAYAN Banking Bhd (Maybank) posted a net profit of RM1.09bil for the first half of its financial year ended June 2004, up 32% from RM831mil in the corresponding period before.

Business 13 Feb 2004 | 12:00 AM

Last-minute buying of heavyweight stocks lifts CI

LAST-minute buying of heavyweight counters helped drive the KLSE Composite Index (CI) 7.4 points or nearly 1% higher to close at 825 yesterday.

Business 12 Feb 2004 | 12:00 AM

CBA first-half net profit doubles on home loans

Commonwealth Bank of Australia (CBA), the country's second largest lender, reported yesterday a doubling of first-half net profit on strong lending to a hot housing market and a turnaround in its fund business.

Business 12 Feb 2004 | 12:00 AM

ING sees much upside to local banks

DESPITE the run-up in the share price of banks, there is still a great deal of upside to a number of them. ING Financial Markets believes bank valuations are still far from their peaks.

Business 12 Feb 2004 | 12:00 AM

Public Bank posts record RM1b profit

PUBLIC Bank Bhd has posted a record net profit of slightly more than RM1bil for its financial year ended Dec 31, 2003, on strong growth in loans to small- and medium-sized enterprises (SMEs) and consumers.

Business 06 Feb 2004 | 12:00 AM

Bank Pembangunan targets higher loan growth

Bank Pembangunan Infrastruktur Malaysia Bhd is targeting to grow its development banking and infrastructure loans by at least 20% each this year, said managing director and chief executive officer Datuk Abdul Rahim Mohd Zin.

Business 02 Feb 2004 | 12:00 AM

Top local banks to post stronger earnings

MALAYSIA's top banks are set to post steady-to-stronger quarterly earnings, supported by strong loan demand and better non-interest income on the back of a buoyant economy and resurgent stock market.

Business 29 Jan 2004 | 12:00 AM

Ratings

RATING Agency Malaysia Bhd (RAM) has reaffirmed B>HONG LEONG BANK BHD/B>'s long- and short-term general bank ratings at I>AA3/Iand I>P1/Irespectively, with a positive outlook.