Malaysian lenders CIMB Group, RHB Capital and Malaysia Building Society (MBSB) are planning to call off their proposed $20bn merger that would have created the country’s biggest bank.
The merger deal collapsed after the two parties reportedly failed to agree on new deal terms.
Go deeper with GlobalData
The attractiveness of the deal was reportedly dampened following the decline in CIMB share price, compelling RHB to look for an improved share swap ratio, and possibly cash.
The deal also faced problems due to a central bank directive against CIMB retrenching people for 24 months after the merger.
A combination of the three lenders can give birth to a banking group with assets totalling around $190bn, surpassing Malayan Banking (Maybank) and make it Southeast Asia’s fourth-biggest bank.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
