Farid says Maybank still open to mergers and acquisitions

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has come out strongly to dismiss any notion that it is fixated on being the No. 1 financial institution in the country.

Facing the prospect of being dislodged as the biggest banking group in the country, Maybank president and chief executive Datuk Abdul Farid Alias said the group would not rush into buying another financial institution just to maintain its No. 1 status in the country.