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RHB Islamic Bank CEO is new AIBIM President

KUALA LUMPUR, May 21 (Bernama) -- The new-named Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) has appointed Datuk Adissadikin Ali as its president for the 2018-2020 term, replacing Datuk Mohd Redza Shah Abdul Wahid.

Banking industry achieves higher customer satisfaction score

KUALA LUMPUR, May 17 (Bernama) -- The overall Customer Satisfaction Index (CSI) score of the Malaysian banking industry improved to 74.3 points out of 100 in 2017.

CIMB to boost product take-up rate

KUALA LUMPUR, May 16 (Bernama) -- CIMB Group Holdings Bhd plans to increase the product take-up rate per customer to more than one through the launch of the CIMB FIRST online platform.

Islamic Financial Institutions should adopt IIFM standards

KUALA LUMPUR, May 8 (Bernama) --The adoption of the International Islamic Financial Market (IIFM) standards will result in a stronger and more vibrant Islamic financial services industry, said Danial Mah Abdullah, Director-General of the Labuan International Business and Financial Centre (Labuan IBFC).

Public Bank Q1 net profit higher at RM1.42 bln

KUALA LUMPUR, May 2 (Bernama) -- Public Bank Bhd's (PBB) net profit for the first quarter (Q1) ended March 31, 2018 increased to RM1.42 billion from RM1.27 billion recorded in the same period last year.

OCBC's net profit rises 17 pct for FY17

OCBC Malaysia will continue to uphold its position as a banker of choice and among the very top foreign banks in the country with the combined strength of conventional and Islamic banking franchise.

CIMB to achieve 6 pct loan growth for FY18

The growth would be driven by all its business segments, particularly from consumer banking and wholesale on the corporate side.

Free online fund transfers have minimal impact on income - CIMB

KUALA LUMPUR, April 26 (Bernama) -- CIMB Bank Bhd said its zero-fee interbank fund transfer has a minimal impact on the bank's non-interest income (NII).

CIMB offers zero-fee online fund transfers

Zero-fee fund transfers will encourage more of its customers to switch to electronic payments while helping to develop Malaysia's e-payments ecosystem.

RHB to launch three new digital products by H1 2018

KUALA LUMPUR, April 25 (Bernama) -- RHB Bank Bhd expects to launch at least three new digital products by the end of the first half (H1) of 2018.

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RHB Islamic Bank CEO is new AIBIM President
Islamic Financial Institutions should adopt IIFM standards

Islamic Banks eyes bigger trade financing mart share

Taiwan's Shinkong Insurance company gets excellent ratings
Tinubu Square launches innovation lab for insurance and banking industry

MSAM 2018 records 200,168 visitors

US 3.9750/9780
S'pore 2.9658/9691
100 Yen 3.5833/5870
Sterling 5.3345/3393
Euro 4.6826/6869
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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