Bank Islam-MBSB merger in the air


Bank Islam branch in Kota Baru. The bank is the country's first standalone Islamic bank.

AS the dust settles on the aborted three-way banking merger of last month, a plan is being floated on a “marriage” between Malaysia Building Society Bhd (MBSB) and Bank Islam Malaysia Bhd.

Sources say the idea of a merger between the two is being mooted at the shareholder level of both companies, namely the Employees Provident Fund (EPF) and Lembaga Tabung Haji (LTH).

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Business , Bank Islam , MBSB , EPF , Lembaga Tabung Haji , banking

   

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