CIMB-RHBCap-MBSB merger likely to start in Q1 2015

KUALA LUMPUR: The mega bank merger of CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) will likely start in the first quarter of 2015, upon receiving the nod from Bursa Malaysia and shareholders.

RHB Islamic Bank Bhd managing director/chief executive officer, Ibrahim Hassan, said the banks now were at discussion stage to finalise the proposed merger.