SINGAPORE: Fitch Rating said that the proposed merger of CIMB, RHB and Malaysia Building Society (MBSB) is ambitious, and will bring inherent challenges and risks for the new banking group amid a complex integration process.
“Cost synergies will exist but may be challenging to extract in the short term; and the merger could weaken capital buffers for CIMB if not funded by sufficient new equity,” it said in a statement on Monday.
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