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Market Chatter: Maybank Facilitates MYR20 Billion in Johor-Singapore Zone Financing

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Malayan Banking Berhad (KLSE:MAYBANK) has facilitated about 20 billion ringgit in financing and investments linked to the Johor-Singapore Special Economic Zone over the past few years, Bloomberg reported Tuesday, citing an interview with Group Chief Executive Khairussaleh Ramli.

The financing has spanned corporate, mid-sized business, and consumer banking segments, while the lender has also helped establish nine family offices in Johor, according to the report.

Ramli said the special economic zone is expected to support further growth in investment and cross-border business activity between Malaysia and Singapore, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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