Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
COLOMBO: Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices.
CIMB posts net profit of RM1.92bil in 1Q
KUALA LUMPUR: CIMB Group Holdings Bhd said it remains cautiously optimistic as it continues to see resilient asset and loan growth, supported by a healthy pipeline, alongside steady client franchise income across its key markets.
Hong Leong Bank records higher net profit of RM1.03bil in 3Q
KUALA LUMPUR: Another resilient earnings quarter has put Hong Leong Bank Bhd on a steady growth path in the first nine months of its financial year (FY26).
Alliance Bank targets 10% FY27 loan growth
PETALING JAYA: Following an encouraging finish to the financial year ending March 31, 2026 (FY26), Alliance Bank Malaysia Bhd is guiding for FY27 loan growth, including unrated bonds, of 7.5% to 10%, positioning the bank to outperform overall industry growth.
Malaysian banks shielded from energy price shock
KUALA LUMPUR: Banks in Malaysia and some Asia-Pacific economies will be less impacted by higher energy prices, according to Moody's Ratings.
AEON Bank names Ridzuan as new CEO
PETALING JAYA: AEON Bank (M) Bhd, Malaysia's first digital Islamic bank, has appointed Mohammad Ridzuan Abdul Aziz as its new chief executive officer with effect from May 22.
HSBC Bank opens third Premier Centre in Subang Jaya
KUALA LUMPUR: HSBC Bank Malaysia Bhd has opened a new Premier Centre at its Subang Jaya branch in Taipan Business Centre as part of efforts to strengthen its presence in Malaysia's affluent banking segment.
BSN offers up to RM100,000 working capital financing under MSME SRF
KUALA LUMPUR: Bank Simpanan Nasional (BSN) is stepping up support for micro entrepreneurs facing ongoing global economic uncertainties by offering working capital financing facilities of up to RM100,000 under the micro, small and medium enterprise stabilisation relief facility (MSME SRF).
Bank Negara international reserves fall to US$129.5bil
KUALA LUMPUR: Bank Negara Malaysia's international reserves stood at US$129.5bil as at May 15, down slightly from US$129.7bil recorded as at April 30.
OCBC Malaysia enhances SME support through Bank Negara's SME SRF
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd (collectively OCBC Malaysia) have announced enhanced support for small and medium enterprises (SMEs) affected by the West Asia conflict, through funds allocated under Bank Negara Malaysia's (BNM) RM5 billion SME Stabilisation Relief Facility (SME SRF).
