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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
