AMMB strengthens foothold with MBF Cards acquisition

KUALA LUMPUR: AMMB Holdings Bhd is now officially the new owner of MBF Cards (M) Sdn Bhd following approval by Bank Negara of AMMB’s proposal to acquire MBF Cards for RM623.4mil.

With the integration of the businesses, AMMB will strengthen its foothold in the credit card landscape with an enlarged cardmember base and merchant network.