RHB hopes to divest insurance arm by Q1 next year


RHB Bank Bhd managing director and chief executive officer Datuk Khairussaleh Ramli (left) and group chief financial officer Syed Ahmad Taufik Albar are in a delighted mood after the media presentation of the group's first half financial results. - S,S, KANESAN/The star

KUALA LUMPUR: Tokio Marine Asia Pte Ltd has commenced due diligence on RHB Bank Bhd’s insurance unit, RHB Insurance.

The nation’s fourth largest bank said it hoped to conclude the disposal of RHB Insurance by the end of the first quarter of next year.

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