A PYMNTS Company

Malaysia: RHB, AmBank in merger talks to form bank worth $9 billion

By  |  June 4, 2017

Malaysia’s RHB Bank and AMMB Holdings are starting merger talks to form a group worth about $9 billion, in what is likely to be the nation’s biggest banking deal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    RHB and AmBank have received the nod from the Malaysian central bank to commence the merger negotiations, they said in a joint statement on Thursday. The transaction is expected to be an all-share deal and the two banks have until August 30 to exclusively discuss a deal, they said.

    A merger would reinforce RHB’s ranking as the fourth largest Malaysian bank by assets behind Maybank CIMB Group Holdings and Public Bank. AmBank is currently the country’s sixth biggest bank.

    Full Content: The Star

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.