PETALING JAYA: Analysts have voiced concern over a foreign news report that said Malayan Bank Bhd (Maybank) and its 20% associate, MCB Bank Ltd, plan to acquire banks in the United Arab Emirates (UAE) and Indonesia, saying such a move will strain Maybank’s bottom line.
They are also worried about the implications of a move into Indonesia on Maybank in view of that country’s single-parent policy for foreign banks. Maybank has already acquired Bank Internasional Indonesia (BII).
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
