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Tajuk : AMMB and RHB to explore merger — sources
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AMMB and RHB to explore merger — sources
PETALING JAYA: RHB Bank Bhd and AMMB Holdings Bhd, both of which have suspended the trading of their shares on Bursa Malaysia today, are expected to announce that the duo are keen on exploring a merger, sources said.
Should the two banking groups merge, this will strengthen RHB Bank’s current position as the country’s fourth-largest banking group, in terms of assets.
As it stands now, RHB is already the fourth-largest lender among the eight domestic banking groups, and AMMB, the sixth.
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