AMMB, RHB Bank to decide on merger by September


KUALA LUMPUR: Group Chief Executive Officer AmBank Group Datuk Sulaiman Mohd Tahir (centre) with Executive Vice President Business Performance and Investor Relations AmBank Group Ganesh Kumar Nadarajah (right) and Group Chief Financial Officer AmBank Group Jamie Ling (left) taking a group photo with the Annual Report during Media Conference 26th Annual General Meeting AMMB Holdings Berhad at Sime Darby Convention Centre Bukit Kiara yesterday.

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

Both banks are at the negotiation stage now for the merger, said AMMB’s group chief executive officer Datuk Sulaiman Tahir (pic).

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read