Merger between RHB Bank and AmBank

RHB Bank and AmBank are in talks for a future merger. The rapprochement between both companies which operate in the insurance business, among other sectors, will give birth to the biggest local insurer and the fourth biggest bank, endowed with assets worth 386 billion MYR (86 billion USD).

Both banks are left with a deadline set at August 30 to finalize this move which has already been approved by Malaysia’s Central Bank.

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