KUALA LUMPUR, The share price of Malayan Banking Bhd (Maybank) contracted, while CIMB Group Holdings Bhd (CIMB) saw an increase, following news that both companies had been hit with Administrative Monetary Penalties (AMPs) by Bank Negara Malaysia (BNM).

At 10.08 am, Maybank’s share price was down by 2.0 sen to RM10.18, with 1.31 million shares traded.

Meanwhile, by 10.09 am, CIMB’s share price had risen by 1.0 sen to RM7.42, with 2.72 million shares changing hands.

On Wednesday, BNM announced it had imposed a RM4.32 million AMP on Malayan Banking Bhd and Maybank Islamic Bhd, and RM760,000 on CIMB Bank Bhd and CIMB Islamic Bank Bhd due to prolonged disruptions in several banking services.

The central bank also reported that Maybank paid its full penalty on Aug 8, while CIMB settled its penalty on Aug 12.

Source: BERNAMA News Agency