All customers under moratoria have now graduated, and the bank will continue to assist customers who need further financial assistance.

1HFY2023 net credit cost improved to 12.3 bps as customers successfully graduate from the payment relief programmes. The loans under relief reduced to RM1.97 billion, representing 4.2% of the bank’s total loan book.

Alliance Bank Malaysia Bhd’s net profit fell 8.2% to RM158.42 million or 10.23 sen per share in the second quarter ended Sept 30, 2022 (2QFY2023) from RM172.74 million or 11.16 sen per share a year ago due to higher allowance for expected credit losses.

The agreement comes after Affin Bank completes the partial disposals of its equity interests in the joint ventures AXA Affin Life Insurance (AALI) and AAGI to Generali, which acquired a 70% stake in the former (49% from AXA and 21% from Affin Bank) and 53% in the latter (49.99% from AXA and 2.95% from Affin Bank).

Affin Bank Bhd has inked a business transfer agreement (BTA) to merge its general insurance business in Malaysia under AXA Affin General Insurance Bhd or AAGI with Generali Asia NV's, which will result in Affin Bank holding a 30% stake in the enlarged insurance company, with Generali controlling the remaining 70%.

Earnings were driven by stronger interest income, effective cost management, low credit cost and robust contributions from associates.

insurance division HLA Holdings Sdn Bhd and investment banking operation Hong Leong Capital Bhd recorded lower contributions. Net profit for 1QFY2023 rose to RM681.74 million, from RM640.56 million a year ago.

Hong Leong Financial Group Bhd (HLFG)’s net profit for the first quarter ended Sept 30, 2022 (1QFY2023) grew 6.4% year-on-year (y-o-y), thanks to higher contributions from its commercial banking division, which houses its 64%-owned Hong Leong Bank Bhd.

bank's largest shareholder was Khazanah Nasional Bhd with a 24.5% stake, followed by the Employees Provident Fund (14.3%), Permodalan Nasional Bhd (11.3%), and Retirement Fund Inc (KWAP) (6.3%)

CIMB Group Holdings Bhd saw 56.12 million shares, representing a 0.53% stake, traded off market on Tuesday (Dec 6)

The use of polyvinyl chloride (PVC), petroleum-based plastic and fossil-based plastic will be reduced by 82%

Maybank Islamic said the new credit card comprises of 84% bio-sourced and renewable materials, which are plant based and bio-degradable in nature.

list of merchants, which currently covers various categories including grocery shopping, retail, clothing, transportation, hotels and solar-power providers, is expected to expand in the near future.

more than 30 such merchants and businesses have been selected to be a part of the campaign based on their commitment to environmentally friendly and sustainable practices.

Maybank Islamic said it will reward cardholders with 5x TreatsPoints for every RM1 spent with specified eco-friendly merchants and sustainable businesses.

new credit cards will be available for its Amex, Mastercard and Visa Ikhwan lines and in a three-month campaign commencing from Dec 12 in conjunction with the unveiling of these new cards.

Maybank Islamic aims to issue over 100,000 new credit cards in 2023 that are eco-friendly and feature sustainable elements.

This takaful operator reported a higher net profit for the third quarter, due to higher net wakalah fee income.

The payment date for the dividend will be Jan 16, 2023 and the entitlement date will be Dec 29.

Syarikat Takaful Malaysia Keluarga Bhd announced an interim dividend of 13.5 sen per share for the financial year ending Dec 31, 2022.

Takaful Malaysia and Agrobank Form Strategic Bancatakaful Partnership

Teh was also the founder and chairman of insurance company LPI Capital Bhd.

Teh founded Public Bank in 1965 at the age of 35 and became one of Malaysia's wealthiest men with the bank becoming the country's third largest banking group by assets.

Teh held a 21.64% stake in Public Bank through his private investment vehicle Consolidated Teh Holdings Sdn Bhd, and also directly held a 0.64% stake of the bank.

Public Bank Bhd founder and chairman emeritus Tan Sri Dr Teh Hong Piow passed away on Monday (Dec 12) morning at the age of 92.