Promotion of e-payment for the transfer of funds intensified

E-Payment will be promoted as a medium of transaction in the economy as well as appropriately, safely and profitably in terms of cost, for the transfer of funds. Bank Negara Malaysia's Financial Sector Plan 2011-2020 report, said the growth in e-payment is very encouraging, with growth significant in the overall method.
The use of e-payment per capita has doubled, from 22 in 2005 to 44 in 2010, with the huge growth in the use of debit cards, which rose by 8.2 times, Internet Banking by 6.3 times and the Interbank GIRO by 4.5 times.
"Within the next 10 years, the Bank aims to increase the number of e-payment transactions per capita to 200 by the end of 2020, compared to 44 transactions in 2010 and reduced by more than half of the check transactions from 207 million to 100 million a year," he said. The

In 2015 Maybank to expand operations to achieve one-third of sharia

Maybank aims to expand its Islamic finance operations until it reaches one-third of its total operations by 2015. president and chief executive officer Datuk Seri Abdul Wahid Omar, said that last June the banking company's financing operations rose to 27 percent.

"In line with our aim to increase the Islamic banking operations not only in Malaysia but also throughout the Asean region, and 'progress' we are very good.
"The success of Islamic finance operations Maybank increase was due to the diversity of Shariah-compliant products, innovate and meet the needs of consumers lining," he told reporters after the ceremony of offering the Prime Maybank completed 2011/1432 AH Deputy Minister of Rural and

Hong Leong to sell a banking license

HONG Leong Bank Bhd, which took over the assets and liabilities of EON Capital Bhd (EONCap) involving transactions worth RM5.06 billion in May, now has the option of either selling the investment bank's license MIMB Investment Bank Bhd, a subsidiary EONCap the Hong Leong Investment Bank or other parties.
The sale is necessary to meet the banking requirements in the country that only allows for individual institutions have an investment banking license. Managing Director and Chief Executive of the group, Yvonne Chia said the company currently has two investment banks following the acquisition of the license is EONCap.
"Currently we have the option to sell it to Hong Leong Investment. At the same time we also have several parties interested in buying them. However I can not comment further on this, "he said

World central bank wary of the financial crisis risks

BANK world's leading center issued a warning to investors to be willing to accept smaller profit margins due to actions of the bank refuses a loan fund in preparation to avoid another financial crisis. They are also advised banks around the world about the need to raise interest rates to ensure inflation under control.

Bank for International Settlements (BIS) said the new rules for banks saw their capital buffers increase gradually in order to provide returns that can be expected and smaller.
However, the BIS, the main organization to monitor other major central banks, said in its annual report that the bank managers and shareholders perform the modification, as expected. He said that interest rates may go up because of global monetary policy is needed in order to withstand strict inflation pressure and avoid the risk of financial stability. General Manager of the bank, Jaime Caruana, said the global financial crisis that occurred in 2008-2009 still haunt the world, but there are signs that the return of excessive risk-taking happen again. He warned that the threat of unsustainable public debt , commodity and energy prices are soaring and inflation is already threatening many countries. "Although encouraged investors to take risks is part of crisis management, but there is a possibility of some event, they will cross more than they should," he said. He said, the problem more fiscal appear on the European countries owe in large scale, such as Portugal, Greece and Ireland, the other major economies also need to carefully and quickly improve their position in order to avoid another global crisis. "I see a need to increase the monetary policy appropriate level, "he told reporters in Basel, Switzerland. Globally, short-term interest rates have shown a negative reading with sharply since last year. Raise interest rates to reasonable levels to reduce excessive risk-taking incentives and support necessary restructuring and adjustment in the balance sheet.