Story behind CIMB merger plan


From left: EPF CEO Datuk Shahril Ridza Ridzuan, CIMB Group chief executive Datuk Seri Nazir Razak and Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

With Islamic finance gaining global acceptance, it's only natural to set up the biggest Islamic bank in Malaysia.

INDIRECTLY, the seeds of the proposed merger between CIMB Group Holdings Bhd, RHB Capital Bhd (RHB Cap) and Malaysia Building Society Bhd (MBSB) were sown not in Kuala Lumpur but in the world’s financial centre – London.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , nazir

Next In Business News

Vietnam Expo achieves RM295.7mil sales
Amanah Saham Nasional declares 5.75 sen/unit dividend for ASB fund
SC, IRB to strengthen inter-agency cooperation, safeguard financial ecosystem
CPO prices to remain range-bound between RM3,800 and RM4,100 a tonne in Jan 2026- MPOC
Bursa Malaysia extends upward momentum at midday
Bank of Japan raises interest rates to 30-year high, signals more hikes
Oil set to close lower for second straight week
Mah Sing, KLK to jointly develop Kulai industrial project
Samaiden to develop 99.99MWac solar PV facility in Segamat
Malaysia's exports rise 7% to RM135bil in Nov

Others Also Read