Fitch: Mega bank merger in M'sia comes with 'risks'

KUALA LUMPUR: Fitch Ratings has warned that a merger plan by Malaysia’s second largest bank CIMB Group with RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) to create the country’s biggest lender is fraught with risks.

“The proposed merger of CIMB, RHB and Malaysia Building Society is ambitious, and will bring inherent challenges and risks for the new banking group amid a complex integration process,” the ratings agency said in a statement.