Fitch: CIMB, RHB Cap, MBSB merger may spur further consolidation

KUALA LUMPUR: Fitch Ratings believes the proposed merger of CIMB Group, RHB Capital, and Malaysia Building Society (MBSB) may spurt further consolidation in the Malaysian banking sector.

It said on Tuesday that no other proposed deals have yet been suggested, while additional tie-ups would be in line with the central bank's Financial Sector Blueprint to build larger and more efficient Malaysian financial institutions better capable of competing in the wider region.