25 Malaysian banks complete merger talks

The Malaysian bank merger process nears completion, as banks take advantage of a tax break.

Of the total 31 sales and purchase agreements signed by Malaysian financial institutions for their merger exercise, 25 have completed their negotiations, said Bank Negara Malaysia governor Dr Zeti Akhtar Aziz.

However, the remaining six have yet to find their merger partners, she told a press conference in Kuala Lumpur on Wednesday to announce the country's second quarter gross domestic product GDP.

Dr Zeti said BNM was monitoring the progress closely.

The merger exercise, which will see 10...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: 25 | malaysian | banks | complete | merger | talks

Print Edition

FinanceAsia Print Edition