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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.
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.
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.
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.
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.
CAHB: Slower loans growth due to SARS, Iraq war
COMMERCE Asset-Holding Bhd (CAHB) sees the possibility of a slower loans growth as the Iraq war and the Severe Acute Respiratory Syndrome (SARS) outbreak have put a brake on the gross domestic product (GDP) growth of the country.
Bank stocks may stay in favour
SELECT banking stocks with good asset quality and good dividend yield are expected to remain on investors#039; buying lists despite the current weak market conditions.
Economic indicators for investment decisions
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