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AMMB to submit merger decision to authorities latest September


AMMB group CEO Datuk Sulaiman Tahir says if the merger happens, it would provide economies of scale for both banks and gives AmBank an overseas presence.

AMMB group CEO Datuk Sulaiman Tahir says if the merger happens, it would provide economies of scale for both banks and gives AmBank an overseas presence.

KUALA LUMPUR: AMMB Holdings Bhd said both itself and RHB Bank Bhd will submit to the authorities on whether or not it will proceed with the merger by the end of August or beginning September.

Both banks are in negotiations stage now for the merger, said AMMB group chief executive officer (CEO) Datuk Sulaiman Tahir.

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