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KUALA LUMPUR: Alliance Bank Bhd's net profit of RM140.52mil in the second quarter ended Sept 30, 2018 was the highest in three years.
SOUTH-EAST ASIA’S largest bank is teaming up with a unicorn. The prize they may have in mind: a super-app like China’s Alipay and WeChat Pay.
TOKYO: Asian shares barely budged on Wednesday, lacking traction as U.S. bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs.
PETALING JAYA: The banking sector is not out of the woods yet, as analysts expect its performance for the year to be hammered on various fronts.
KUALA LUMPUR: Alliance Bank Malaysia Bhd reported its highest quarterly net profit in nearly three years at RM136.36mil in first quarter ended June 30, 2018, boosted by higher net interest margin and better risk adjusted return (RAR) loans.
KUALA LUMPUR: CIMB Group Holdings Bhd, the country’s second-largest lender by asset size, is bullish on 2018 and expects a record year in terms of profit.
Alphabet Inc’s Google is partnering with four Indian banks to grant consumer loans online, as the fight for a US$1tril (RM4.09tril) digital finance market intensifies.
PETALING JAYA: The banking sector’s core earnings is anticipated to grow at a slower pace of 7.6% in 2018 compared with 10.6% in 2017 on the back of lower expectations for banks’ non-interest income, according to AmInvestment Bank Research.
KUALA LUMPUR: AmInvestment Bank Research expects the banking sector's core earnings to grow at a slower pace of 7.6% in 2018 compared with 9.2% previously as it lowered its expectation for banks’ non-interest income.