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KUALA LUMPUR: Malayan Banking Bhd posted a record net profit of RM8.20bil in the financial year ended Dec 31,2019 (FY19), lifted a strong performance in the fourth quarter, compared with RM8.11bil in FY18.
KUALA LUMPUR: AmBank Bhd posted stronger earnings of RM382.15mil in the third quarter and RM1.09bil in the nine months ended Dec 31,2019, underpinned by stronger net interest income (NII) and non-interest income.
KUALA LUMPUR: Some RM170mil were banked into the account of Putra Perdana Constructions (PPC) Sdn Bhd as an “advance” for a contract and from that amount, RM32mil ended up in Datuk Seri Najib Razak’s personal bank accounts, the High Court heard.
PETALING JAYA: Public Bank Bhd, the country’s second largest lender by market value, recorded a net profit of RM1.41bil in the fourth quarter ended Dec 31,2019.
PETALING JAYA: Prospects are starting to look sweeter for MSM Malaysia Holdings Bhd following the increase in its average selling price (ASP) for its wholesale and retail sugar products in October last year.
PETALING JAYA: Hong Leong Bank Bhd (HLB) has posted much improved financial results in the second quarter ended Dec 31,2019 with its net profit rising to RM701.81mil, boosted by higher net interest income despite an allowance for impairments.
PETALING JAYA: CIMB Group bagged five notable awards at the 13th Alpha Southeast Asia Best Deal & Solution Awards 2019 for its strong and innovative capabilities across the Asean capital markets, equities, and trade finance space.
MUMBAI: After more than a decade of share price outperformance, the skies have darkened for IndusInd Bank Ltd, as the Indian lender faces challenges from worsening asset quality to a transition to new leadership.
KUALA LUMPUR: A total of RM170mil entered Putra Perdana Constructions (PPC) Sdn Bhd as an "advance" for a contract and from that amount, RM32mil ended up in Datuk Seri Najib Razak's personal bank accounts, the High Court was told.