Standing out in the crowded Asian banking market is a tough task. Domestic players jostle with international banks in a patchwork of markets, all with their own cultures and peculiarities. But the whole region took notice in July when plans emerged from Malaysia for the three-way merger of CIMB Group, RHB Capital and Malaysia Building Society (MBSB), laying the foundations for the creation of a new force in south-east Asian banking, and possibly beyond.
The three firms entered into a 90-day exclusivity agreement to discuss “pricing, structure and other relevant terms and conditions”, after the Central Bank of Malaysia approved the talks on July 10.
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