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BSN Celebrates 50th Anniversary, Commits To 100 Pct Nationwide Service Coverage

KUALA LUMPUR, Nov 29 (Bernama) -- Bank Simpanan Nasional (BSN) is committed to achieving 100 per cent service coverage nationwide, in line with the aspirations of the MADANI government.

Maybank Launches 'Finding MAEllionaire' Campaign

KUALA LUMPUR, Nov 29 (Bernama) -- Malayan Banking Bhd (Maybank) has introduced its "Finding MAEllionaire" campaign, offering customers the chance to win RM1 million in cash.  

Public Bank 3Q Net Profit Rises To RM1.91 Bln

KUALA LUMPUR, Nov 29 (Bernama) -- Public Bank Bhd’s net profit for the third quarter (3Q) of financial year 2024 improved to RM1.91 billion from RM1.70 billion last year from healthy loans and customer deposits growth.

Sapura Energy Chairman, Group CEO To Step Down

KUALA LUMPUR, Nov 29 (Bernama) -- Sapura Energy Bhd’s chairman, Datuk Mohammad Azlan Abdullah, and group chief executive officer (CEO) Datuk Mohd Anuar Taib, will be leaving their positions in the fourth quarter of the current financial year ending Jan 31, 2025 (4Q FY2025).

Banking Stocks Drag Bursa Malaysia Below 1,600 Level

KUALA LUMPUR, Nov 28 (Bernama) -- The fall in shares of banking heavyweights weighed heavily on Bursa Malaysia, causing the index to slip below the crucial 1,600 mark.

Bursa Falls Below 1,600 Level, tycoon Ananda Krishnan’s Companies See Shares Decline

KUALA LUMPUR, Nov 28 (Bernama) -- Bursa Malaysia extended its downtrend in mid-afternoon trade with the benchmark index below the crucial 1,600 level as regional markets followed Wall Street’s downbeat performance overnight.

Hong Leong Bank Posts Higher 1Q Net Profit Of RM1.09 Bln

KUALA LUMPUR, Nov 28 (Bernama) -- Hong Leong Bank Bhd’s net profit rose 5.8 per cent to RM1.09 billion in the first quarter ended Sept 30, 2024 (1Q FY2025) from RM1.03 billion in the same period last year.

CIMB Posts Higher Net Profit Of RM2.03 Bln In 3Q

KUALA LUMPUR, Nov 28 (Bernama) -- CIMB Group Holdings Bhd posted a higher net profit of RM2.03 billion in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM1.85 billion in the same period last year.

Yinson Renewables Secures US$59 Mln Financing For Matarani Solar Project

KUALA LUMPUR, Nov 28 (Bernama) -- Yinson Holdings Bhd’s renewables business unit, Yinson Renewables (YR), has secured a US$59 million (US$1=RM4.4325) senior secured green financing facility for the Matarani solar project in Peru from IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB).

Blackstone, Santander Finalise US$1 Bln Infrastructure Loan Portfolio Deal

KUALA LUMPUR, Nov 27 (Bernama) -- Blackstone and Santander Corporate & Investment Banking have reached an agreement under which funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a US$1 billion portfolio of high-quality infrastructure loans from Santander. (US$1=RM4.45)

AMMB 2Q Net Profit Rises To RM500.57 Mln, Declares 10.3 Sen Dividend

KUALA LUMPUR, Nov 27 (Bernama) -- AMMB Holdings Bhd’s (AmBank Group) net profit for the second quarter (2Q) ended Sept 30, 2024, climbed to RM500.57 million from RM469.78 million in the same period a year ago.

Forest City's SFZ To Focus On Banking And Logistics - MB

ISKANDAR PUTERI, Nov 27 (Bernama) -- Forest City's Special Financial Zone (SFZ) will prioritise two key sectors: banking and financial services, alongside logistics services, global service centres, and transfer services.