Talk of AMMB-RHB merger surfaces again

(March 20): Talk of potential merger between mid-sized lenders AMMB Holdings and RHB Bank seems to have resurfaced in the banking industry, with a source telling The Edge that an adviser — a big accounting firm — has been working on certain aspects of the perspective union.

"The firm was brought on board to help study this. It's been kept very hush-hush given the sensitivity [of the matter]. It's a very small group that is aware of this," the source says.

A merger of the two would create the country’s fourth largest banking group by assets, behind Malayan Banking , CIMB Group Holdings and Public Bank — based on their asset size as at end-2016.

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