Malaysian bank giants merging?
By Herbert Poenisch, Photography Kucingbiru13, Phalinn Ooi
November 2014 UTTER ECONOMICS
Next year, we may see a mega bank merger of regional and potentially global scale.The proposed merger between CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysian Building Society Bhd – which has yet to be approved by regulatory authorities and shareholders – will create the biggest bank in Malaysia with assets of close to US$200bil by the middle of next year. It will also create a major player in the Asean region, joining the ranks of the dominant Singaporean...
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Herbert Poenisch
is a retired senior economist at the Bank for International Settlements.
Photography Kucingbiru13
Phalinn Ooi
