PETALING JAYA: Bank Negara has given Malaysia Building Society Bhd
(MBSB) and Bank Muamalat Malaysia Bhd the approval to begin merger talks, a move that would pave the way for the creation of the country’s biggest standalone Islamic bank.
The combined asset size of the two lenders is estimated to be about RM60bil, latest available figures showed. This is higher than BIMB Holdings Bhd’s asset size of RM54bil as at end-March.
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