Phasing out coal from CIMB Group's portfolio by 2040

KUALA LUMPUR: CIMB Group Holdings Bhd will phase phase out coal from its portfolio by 2040 under its first Coal Sector Guide issued on Tuesday, starting next year and it would be across the group in all its operating markets.

Equity crowdfunding gains upper hand over LEAP

Lenders’ asset quality likely to remain benign

Extension of moratorium for B40 group seen positive

Another loan moratorium not a good idea

Bankers say it will only extend their pain

Boom in fintech bond sale platforms risks fragmenting market

LONDON: Bond buyers and sellers are warning that a recent proliferation of fintech platforms seeking to modernise debt sales around the world risks backfiring, making it more difficult to price deals.

Japan Credit Rating Agency affirms Maybank A ratings

KUALA LUMPUR: Japan Credit Rating Agency, Ltd (JCR) has affirmed its A ratings on Malayan Banking Bhd with a stable outlook to reflect its strong business base in Malaysia, diversification of its revenue sources, high earnings capacity.

RAM expects banks’ provision for impairments to remain elevated

KUALA LUMPUR: RAM Ratings expects the banking industry’s provision for allowance for impairments to remain elevated in the coming quarters as they continue to adopt a prudent stance.

Philippines adds to global debt binge with bond deal

MANILA: The Philippines is jumping back into strong credit markets with what would be its second dollar bond this year, as it raises funds to counter the economic impact of the pandemic.

Significant improvement in repayment rate

Impact of moratorium-extension marginal

Banks demonstrate resilient credit portfolios, S&P Ratings says

KUALA LUMPUR: Malaysian banks are demonstrating resilient credit portfolios as they transition out of the blanket six-month moratorium in the country, S&P Global Ratings said.