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Retail Asia15/11/2021

While the Thai operations of AirAsia Group Bhd continue to drag on the earnings of the low-budget airline group, the falling rate of Covid-19 infections in the region offers optimism for a longer-term recovery, says Maybank Investment Bank Research. Thai AirAsia recently reported wider third-quarter losses of THB2.1bil resulting from a suspension of its flight operations […]

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Retail Asia11/07/2021

Maybank’s former head of private wealth has reemerged at a rival Southeast Asian private bank. Khoo Lin-Wein was named head of wealth at Vietnam’s Techcombank, sources based in Hanoi said. Founded in 1993, Techcombank is one of the largest joint-stock banks in Vietnam today with over 300 branches and more than 5 million customers. Khoo […]

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Retail Asia30/06/2021

He takes over from Shahril Ridzuan who will be departing to pursue his personal interests. Malaysia’s Khazanah Nasional has appointed veteran banker Amirul Feisal Wan Zahir as managing director, effective 16 July, it said in a statement on Tuesday. Zahir, 51, began his career at auditing firm KPMG and later joined Citi in the Kuala Lumpur, Singapore and Hong […]

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Retail Asia21/05/2021

He replaces Harmeet Singh Bedi, who left after six years at the firm in 2020 for Prime US Reit, a Singapore real estate investment trust. Maybank Kim Eng, the fully owned investment banking arm of Malaysia-headquartered Maybank, has appointed Aditya Laroia as chief executive officer, Singapore, according to an announcement on Wednesday. Laroia joined Maybank Kim Eng in 2020 as head of prime […]

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Retail Asia16/06/2020

Malayan Bank Berhad – better known as Maybank – is reportedly being sued for effectively thwarting a Manhattan-based proper project after allegedly reneging on a loan agreement. American real estate developer Sharif El-Gamal said that the Malaysian lender and other syndicate members ignored and breached their obligations under the building facility and related loan documents which […]

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Retail Asia25/05/2020

The bank’s improved quarterly performance was the result of the sale of some liquid assets and fixed income instruments, which raised net fee-based income. Malaysia’s largest lender recorded a profit of RM2.05 billion ($470 million) for the first quarter of the year, an increase of RM240.4 million or 13.3 percent year-on-year, according to financial results released on Thursday. […]

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Retail Asia04/03/2020

ING and Malayan Banking Bhd (Maybank) were the top creditors of Singapore commodity trader Agritrade International, which was last month placed under interim judicial management. Malaysia’s Maybank tops the list of secured lenders to Agritrade with $118 million owed to it, while Dutch bank ING is owed $100 million, according to a report. Agritrade International was […]

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Retail Asia17/12/2019

The job cuts are part of a broader review that also affects Maybank Kim Eng’s regional institutional sales and research, and Hong Kong investment banking and advisory businesses. Maybank Kim Eng (KE), the investment banking arm of Maybank, is restructuring its retail brokerage operations, and 5 percent of its staff in Singapore, or about 30 people, […]

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Retail Asia13/12/2019

The Swiss banking software company will help the bank to create a better customer experience for its affluent clients with performance calculation and a suite of wealth products and services. Avaloq has won more business in Southeast Asia, with Maybank Group opting to use its suite of banking services to serve Maybank Premier clients in […]

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Retail Asia11/11/2019

Disruptions caused by the cyberattack on the trading houses lasted from 30 minutes to the whole morning session on October 24. Maybank Kim Eng and PhillipCapital spokespersons have confirmed their brokerages were among those that faced disruptions last Thursday, when up to five trading houses were hit by distributed denial-of-service (DDoS) attacks. The impact was minimal […]

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Retail Asia13/09/2019

Maybank Kim Eng, Maybank’s investment banking arm, announces its selection of Australian-headquartered fintech firm, Iress, as the software provider for online trading and market data. Iress’ ViewPoint will be rolled out progressively to Maybank Kim Eng’s clients in Singapore, Malaysia, Thailand, and Vietnam. The expanded agreement with Iress will enable Maybank Kim Eng clients to […]

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Retail Asia11/09/2019

Maybank Singapore is considering to apply for one of the five digital banking licenses to be unveiled in Singapore. The final decision depends on having a value proposition. Maybank Singapore is in talks with its head office in Malaysia on the matter, and the bank’s decision lies in coming up with a new value proposition, […]

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Retail Asia09/08/2019

Maybank launches its first a private wealth management arm in the Philippines, in the midst of trending interest from financial institutions to tap into the nation’s business potential. The bank will open the branch in Makati City in Manilla, which will add to the 67 centers it has in the ASEAN (Association of Southeast Asian […]

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Retail Asia10/05/2019

Hyflux said that creditor Maybank was terminating its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect due to its failure to reach a binding deal with a bidder or investor. This constitutes a breach which is incapable of remedy under the collaboration agreement,» the letter said, according to the Hyflux filing. In […]

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Retail Asia28/02/2019

Malayan Banking Bhd’s (Maybank) registered highest ever net profit of RM8.11 billion for the financial year ended December 31, 2018 (FY18) from RM7.52 billion a year ago, mainly underpinned by higher loans growth, lower overhead costs as well as lower provisioning. Its FY18 revenue also rose 3.8% to RM47.32 billion against RM45.58 billion previously. Net […]

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Retail Asia18/02/2019

PT Bank Maybank Indonesia Tbk’s (Maybank Indonesia) profit after tax and minority interests (patami) for the financial year ended Dec 31, 2018 surged 21.6% to a new high of Rp2.2 trillion (RM640 million) on the back of higher net interest income (NII) and continued improvement in asset quality. The bank’s profit before tax (PBT) jumped […]

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Retail Asia07/02/2019

Analysts believe that the banking sector will be able to maintain its earnings potential this year, as margin pressure is expected to ease and continued loans growth with stable asset quality. MIDF Research said while the industry’s loans growth moderated to 5.6% year-on-year (y-o-y) as at December 2018 due to moderation in business loans and […]

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Retail Asia30/01/2019

Maybank has made it into the world’s top 500 brands for the first time, after it was named in Brand Finance’s Global 500 Brands – the only Malaysian bank and one of two Malaysian brands to be included in this prestigious listing. Maybank achieved a brand valuation of US$4.2 billion (RM17.3 billion), a 32% increase […]

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Retail Asia11/01/2019

Malayan Banking Bhd (Maybank) clinched The Banker’s Bank of the Year 2018 in Malaysia award with its fresh thinking on how to provide the best service quality to previously underserved consumers. In a statement, The Banker Editorial said Maybank launched HouzKEY, an innovative rent-to-own product, the first of its kind in Malaysia, recognising a gap […]

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Retail Asia04/01/2019

The banking sector’s outlook is challenging due to external concerns while clarity and direction on the domestic front remain murky, according to Kenanga Research, which maintained a neutral stance for the sector as no fundamental change is expected, and the sector lacks concrete catalysts. “We view the industry with caution as uncertainties and headwinds still […]

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