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CGS-CIMB projects banking sector's CY21 net profit to grow 2.9% even when factoring in maximum modification loss from loan moratorium


CGS-CIMB projects banking sector’s CY21 net profit to grow 2.9% even when factoring in maximum modification loss from loan moratorium
The Edge
13 hrs ago
Izzul Ikram
© Provided by The Edge
KUALA LUMPUR (July 19): CGS-CIMB Research has maintained its “overweight” call on the banking sector as it still projects net profit growth of 2.9% for CY21 even when factoring in maximum modification loss due to the automatic loan moratorium this year.
The research house noted in a report today that “banks [would] have to incur modification loss due to the automatic loan moratorium but the quantum would be lower than the RM1.58 billion last year”.  ....

Kuala Lumpur , Mohd Muazzam Mohamed , Alliance Bank , Public Bank , Hong Leong Investment Bank , Muazzam Mohamed , Edge Malaysia , குவாலா லம்பூர் , மொஹட் மூஅஜ்ஜம் மொஹாமெட் , கூட்டணி வங்கி , பொது வங்கி , ஹாங் லியோங் முதலீடு வங்கி , மூஅஜ்ஜம் மொஹாமெட் , விளிம்பு மலேசியா ,

Bank Islam drives digital agenda with TM One in Malaysia


Bank Islam drives digital agenda with TM One in Malaysia
Bank Islam drives digital agenda with TM One in Malaysia
Rolls out cloud, cyber security, big data analytics and data centre solutions
Credit: Dreamstime
Bank Islam has appointed TM One as preferred digital partner amid plans to accelerate transformation efforts and move away from “traditional banking” approaches across Malaysia.
Terms of the alliance will see TM One - operating as the enterprise and public sector division of Telekom Malaysia - roll out digital solutions and professional services to optimise business operations, underpinned by cloud, cyber security, big data analytics and data centre solutions. ....

Ahmad Taufek , Muazzam Mohamed , Raviteja Dodda , Safiyya Rusli , Amazon Web Services , Bank Islam , Deutsche Telekom , Centre For Digital Experience , Telekom Malaysia , Landmark Group , Mtm Group , Mashreq Bank , Digital Experience , Cloud Alpha , Digital Malaysia , Asian Born Amazon Web Services , Future Retail , Southeast Asia , Digital Transformation , Tm One , மூஅஜ்ஜம் மொஹாமெட் , ரவிட்டேஜ தொட்ட , அமேசான் வலை சேவைகள் , வங்கி இஸ்லாம் , டாய்ச் டெலிகாம் , மையம் க்கு டிஜிட்டல் அனுபவம் ,

Bank Islam offers moratorium for flood victims


Bank Islam offers moratorium for flood victims
08 Jan 2021 / 16:26 H.
KUALA LUMPUR: Bank Islam Malaysia Bhd is offering the Prihatin Programme, a moratorium to assist financing customers affected by floods.
This programme aims to ease flood victims’ financial burden, specifically customers under the Bank Islam house financing, personal financing and vehicle financing facilities. Eligible customers can apply for a moratorium of up to six months to pay their monthly commitment subject to the conditions set.
Bank Islam CEO Mohd Muazzam Mohamed said it is keeping abreast with the latest news on the flooding situation at all affected areas, and will be taking proactive actions in helping its affected customers. ....

Kuala Lumpur , Mohd Muazzam Mohamed , Bank Islam Malaysia Bhd , Bank Islam , Prihatin Programme , Muazzam Mohamed , குவாலா லம்பூர் , மொஹட் மூஅஜ்ஜம் மொஹாமெட் , வங்கி இஸ்லாம் மலேசியா ப்ட் , வங்கி இஸ்லாம் , மூஅஜ்ஜம் மொஹாமெட் ,

Bank Islam to take over BIMB listing status


PETALING JAYA: Bank Islam Bhd will be taking over BIMB Holdings Bhd
’s (BHB) listing status following approval by the Finance Ministry (MoF) and Bank Negara.
In a filing with Bursa Malaysia, BIMB said the transfer of its listing status is part of a restructuring exercise that would unlock “significant value” for its shareholders.
The group said it received the approvals from the MoF and the central bank in relation to its proposed internal reorganisation and distribution and capital repayment.
“Upon completion of the proposed exercise, BHB’s listing status will be transferred to Bank Islam, which will emerge as the one and only full-fledged Islamic financial institution to be listed in the region, and enhance its corporate stature. ....

Malaysia General , Keluarga Bhd , Mohd Muazzam Mohamed , Mohd Muazzam , Permodalan Nasional Bhd , Bank Negara , Bank Islam , Bank Islam Bhd , Ministry Mo , Provident Fund , Holdings Bhd , Finance Ministry , Bursa Malaysia , Lembaga Tabung Haji , Syarikat Takaful Malaysia Keluarga , Muazzam Mohamed , Employees Provident Fund , மலேசியா ஜநரல் , மொஹட் மூஅஜ்ஜம் மொஹாமெட் , மொஹட் மூஅஜ்ஜம் , வங்கி நெகாரா , வங்கி இஸ்லாம் , வங்கி இஸ்லாம் ப்ட் , அமைச்சகம் மோ , வருங்கால நிதி , ஹோல்டிங்ஸ் ப்ட் ,