A new round of M&As for banking?

While recent banking M&As dating back to a few years ago failed to take off, this time around new elements are at play which could drive the expected consolidation. For one, Malaysia now has five new banking players in the form of parties holding digital banking licences

PETALING JAYA: Reports that banking magnate Tan Sri Quek Leng Chan is mulling a stake sale in Hong Leong Bank Bhd (HLB) has spurred speculation of a new round of banking mergers and acquisitions (M&As) in the Malaysian market.

While recent banking M&As dating back to a few years ago failed to take off, this time around new elements are at play which could drive the expected consolidation.