IN FOCUS

WHOLESALE BANKING | Cesar Tordesillas, Malaysia
Published: 11 Jan 12
890 views


 RHB Capital, OSK seek merger approval

RHB Capital, OSK seek merger approval

RHB Capital Bhd and OSK Holdings Bhd have submitted an application to merge.

 

Both companies said the application was to seek approval from the Minister of Finance, through Bank Negara, for the possible merger of businesses of OSK Investment banking group and RHB banking group, reports Bernama.

The groups have secured the central bank's approval to commence negotiations for a possible merger last October 14.

Sign up for our weekly newsletter

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

Tags: bank merger, RHB Capital, OSK Holdings, BNM

TOP NEWS
Chinese banks see drop in bad loans
Chinese banks see drop in bad loans China's banks reported a reduction in bad loans fall and the maintenance of capital strength in the first three months of 2012.
Singaporean banks prove resilience in stress test: Fitch
State Bank of India posts massive profit increase
Chinese banks’ foreign expansion “irresistible”
Commercial Bank of Ceylon opens Islamic banking unit
City Union Bank eyes up to 30% growth
DongA Bank earns $24M pretax profit in 4 months
Chinese commercial banks' NPL ratio below 1%
Vietinbank to conclude 20% stake sale in Q4
AMMB's Pre-Tax Profit Jumps To RM2.082 Billion
OTHER WHOLESALE BANKING NEWS
Bank of Tokyo-Mitsubishi UFJ freezes $2.6B Iranian assets
Bank of Tokyo-Mitsubishi UFJ freezes $2.6B Iranian assets A Japanese bank frozen halted US$2.6 billion assets ofthe Iranian government after a U.S.
Eximbank takes control of Sacombank board
Hong Leong ups Q3 earnings by 49%
VietinBank bonds attract foreign investors
Asiatrust sale to AUB gets central bank approval