Maybank to support expansion of Haier Energy's smart energy ecosystem
KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Haier Energy Sdn Bhd, a subsidiary of China's Haier Group, have formed a strategic partnership to facilitate the growth of Haier's new energy platform and ecosystem.
Banks look beyond 2Q26 for growth
PETALING JAYA: Malaysia's banking sector is poised for further gains as investors look beyond potentially weak second- quarter (2Q26) results to stronger economic growth and further capital management initiatives in 2027, according to MBSB Research.
CIMB Niaga posts pre-tax profit of 4.3 trillion rupiah
KUALA LUMPUR: Indonesia Stock Exchange-listed PT Bank CIMB Niaga Tbk, a 91.45% indirectly held subsidiary of CIMB Group Holdings Bhd, said its consolidated pre-tax profit in the first half of 2026 stood at IDR4.3 trillion, translating into earnings per share of IDR136.67.
Affin Bank records net profit of RM127.52mil in 2Q
KUALA LUMPUR: Affin Bank Bhd recorded a lower net profit of RM127.52mil in the second quarter ended June 30, 2026, as compared to RM143.49mil in the year-ago quarter due to a higher allowance for impairment losses and a lower share of results of associates.
AmBank Group feted for corporate responsibility efforts at Euromoney Awards 2026
KUALA LUMPUR: AmBank Group has been named Malaysia's Best Bank for Corporate Responsibility at the prestigious Euromoney Awards for Excellence 2026.
Insurance ownership not seen as trend for banks
The few deals made by banks recently to acquire insurance companies are not signalling a broad industry shift where banks own insurance companies, according to CIMB Securities.
JPMorgan to keep Asia hiring pace after corporate bank growth tops 20%
SINGAPORE: JPMorgan Chase will continue hiring in Asia Pacific at a similar pace in 2027, after revenue at its corporate bank in the region grew by well above 20% this year, its regional heads told Reuters.
Hanoi discusses laws to improve banking, finance
HANOI: National Assembly deputies have discussed a number of draft laws related to the banking and financial systems as their first extraordinary session continues in Hanoi.
Former AmBank deputy chairman Azlan Hashim dies at 85
KUALA LUMPUR: AmBank Group mourns the passing of Datuk Azlan Hashim, a respected former leader whose contributions formed an important part of the group's history.
Indonesia nominates Destry Damayanti as sole candidate for central bank governor
INDONESIA President Prabowo Subianto has nominated Destry Damayanti as the sole candidate to be the next central bank governor, a presidential spokesperson said on Monday.
