Long-standing rumours about a proposed merger between Malaysian banks AMMB Holdings and RHB Bank have been scotched by Datuk Sulaiman Mohd Tahir, CEO of AmBank Group. The two companies are expected to merge in the next few months with an initial public offering (IPO) planned for this year.
Long-standing rumours about a proposed merger between Malaysian banks AMMB Holdings and RHB Bank have been scotched by Datuk Sulaiman Mohd Tahir, CEO of AmBank Group. "As far as I know, there is nothing going on", he said, adding the company was focusing on becoming a key player in top growth segments and products that would allow it to be among the top four Malaysian banks by 2020.