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RHB-AmBank talks on all-share merger get central bank nod

Friday, June 2, 2017 - 05:50

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RHB, currently Malaysia's fourth biggest bank, is widely expected to acquire the sixth-placed AmBank to create a stronger fourh-largest banking group.

Kuala Lumpur

MALAYSIA'S central bank has approved the commencement of negotiations between RHB Bank and AMMB Holdings Bhd (AmBank group) for a proposed merger, which, if successful, would lead to the creation of the fourth largest banking group by asset size in the country.

RHB and

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