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PETALING JAYA: Malaysian banks are expected to be stable in 2016 with net profit forecasted to grow 11.2% on the back of an estimated 6.9% rise in net interest income and a 9.5% increase in non-interest income, according to CIMB group chief executive Tengku Datuk Seri Zafrul Aziz.
PETALING JAYA: CIMB Investment Bank Bhd has emerged as the only Asean bank to have jointly managed the Indonesian government’s US$3.5bil bond issuance, which is the largest transaction by an emerging market economy in the second half of this year.
Syed Faisal will head DRB-HICOM while CIMB appointed Mohamed Rafe Mohamed Haneef to lead CIMB Islamic Bank Bhd and its Islamic banking division effective Jan 4, 2016.
KUALA LUMPUR: China Construction Bank (Asia) Corporation Ltd has received the go-ahead to list the world’s first ever 21st Century Maritime Silk Road bond of 1 bil yuan on Bursa Malaysia.