Consolidation of banks may gain traction this year

Although the transaction was concluded at RM703.44 per sq ft (psf), a source said the special-purpose vehicle (SPV) created by the MoF to undertake the transaction had initially wanted

PETALING JAYA: Consolidation and restructuring in the banking sector will likely gain traction in 2019 after a relatively dull year in 2018, says AllianceDBS Research.

The brokerage noted that 2019 could see BIMB Holdings Bhd flattening its group structure, and a potential merger between Malaysian Industrial Development Finance Bhd (MIDF) and Al Rajhi Bank Malaysia materialising.