A merger between RHB Capital and AMMB Holdings would create the third largest bank in Malaysia with total assets of MYR 358.9bn ($92.6bn), allowing it to rival its larger peers, according to research by CIMB. Furthermore, reports suggest that ANZ plans to sell its assets in AMMB Holdings. The deal is expected to be completed within a few months after which both banks will continue their respective business operations.
A merger between RHB Capital and AMMB Holdings would create the third largest bank in Malaysia with total assets of MYR 358.9bn ($92.6bn), allowing it to rival its larger peers, according to research by CIMB. Furthermore, reports suggest that ANZ plans to sell its assets in AMMB Holdings. This follows RHB Capital's announcement yesterday that it had no plans to merge with AMMB Holdings following reports in the press that it planned to revisit earlier discussions of a merger.