KUALA LUMPUR — Bank employees will soon enjoy 0% interest in their housing loans for the first RM100,000. All member banks under the Malayan Commercial Banks’ Association (MCBA) have agreed to grant the benefit, effective April 1. The benefit was offered in the new collective agreement (CA) inked by MCBA…
PETALING JAYA — The latest report by Moody’s Investors Service has set off alarm bells over the direction of Malaysia’s financial system, after the ratings agency called property loans the greatest threat for Malaysian banks. The worrying remark in Moody’s 2019 outlook report for Asia-Pacific banks came after Bank Negara’s…
KUALA LUMPUR – CIMB Bank Bhd and CIMB Islamic Bank Bhd have rolled out preferential financing rates for new hybrid vehicles and residential properties certified under the Green Building Index (GBI). CIMB CEO of group consumer banking Samir Gupta said the move marks another step towards CIMB embracing environmental, social…
