Bank Negara: Banking M&As driven by market

ANZ has been pursuing a sale of its 24 percent stake in its Malaysian affiliate AMMB Holdings.

PETALING JAYA: Mergers and acquisitions (M&As) in the banking industry are driven by the market, which in turn is based largely on commercial and business considerations, Bank Negara said.

In a response to a StarBizWeek article last Saturday, which was on what led to the collapse of the proposed merger between AMMB Holdings Bhd (AmBank) and RHB Bank Bhd, the central bank reiterated that “it does not and will not interfere with the negotiations between any of the parties involved.