RHB Cap, CIMB, MBSB plan to form mega Islamic bank (Update)


Mega bank in the making

KUALA LUMPUR: CIMB Group Holdings Bhd, RHB Capital and Malaysia Building Society (MBSB) have received Bank Negara Malaysia's approval to start merger talks which would result in the creation of a mega Islamic bank.

They announced in a joint statement on Thursday that under the corporate exercise, the proposal was to merge the businesses of both RHB and CIMB.

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