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Business 26 Jun 2003 | 12:00 AM

AmFinance to cut NPLs to 5% next year

AMFINANCE Bhd aims to reduce its non-performing loans (NPLs) to 5% next year from 8% currently, executive director Mahdi Murad said.

Business 19 Jun 2003 | 12:00 AM

SBB aims to retain top position

SBB Mutual Bhd, formerly known as BHLB Pacific Trust Management Bhd, is confident that it will continue to be the leading and largest distributor of Islamic unit trust funds in the country.

Business 16 Jun 2003 | 12:00 AM

Bank Rakyat to give 10% cash dividend, 5% share dividend

BANK Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has announced a 10% cash dividend amounting to RM59.934mil and 5% share dividend totalling RM30.296mil for the financial year ended Dec 31, 2002.

Business 13 Jun 2003 | 12:00 AM

AmBank launches new ad campaign

THE AmBank group has launched a new advertising campaign called Customer First which emphasises on its commitment towards its customers, head of retail banking Mohamed Azmi Mahmood said.

Business 09 Jun 2003 | 12:00 AM

Ratings

RATING Agency Malaysia Bhd (RAM) has reaffirmed the general bank ratings of B>HSBC BANK MALAYSIA BHD/Bat I>AA1/Iand I>P1/I>.

Business 30 May 2003 | 12:00 AM

Southern Bank sees another record year

DESPITE the challenging operating environment, Southern Bank Bhd (SBB) aims to achieve another record performance this year, capping the historical high net profit of RM285.9mil last year.

Business 22 May 2003 | 12:00 AM

Rate cut to spur consumption

BANK Negara yesterday cut the three-month intervention rate by 50 basis points (0.5%) to 4.5% to spur domestic consumption.

Business 16 May 2003 | 12:00 AM

ICBC shows interest in buying HK's Chekiang

Beijing-backed lender ICBC (Asia) is interested in buying Chekiang First Bank Ltd in Hong Kong, but a deal has not yet been reached, ICBC (Asia)#8217;s chief executive officer said.

Business 14 May 2003 | 12:00 AM

Southern Bank reports 5% growth in Q1 pre-tax profit

SOUTHERN Bank Bhd has reported a 5% growth in pre-tax profit to RM100.6mil for the first quarter of 2003. The bank attributed the improvement mainly to higher operating income and lower loan loss provisions.

Business 07 May 2003 | 12:00 AM

Public Bank operations impress analysts

PUBLIC Bank Bhd's first-quarter results came in at the lower end of consensus estimates, but its stock remains a clear favourite among banking analysts given its superior asset quality and loans growth potential.