Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: VAT RATES :: form 3cd :: ACCOUNTING STANDARDS :: list of goods taxed at 4%
 
 
Mergers and Acquisitions »
  Govt to explore mergers & acquisitions across state-run units
 Government to explore mergers & acquisitions across state-run units
 Govt mulls merger of 6 consultancy firms into Engineers India
 13 Design Industry Mergers & Acquisitions
 25 anesthesia mergers & acquisitions in the past year
 3 Big Mergers & Acquisitions That We Could See in 2017
 Govt mulls merger of six consultancy firms into Engineers India
 MENA mergers and acquisitions perform soundly in 2016 despite challenges
 Govt to explore mergers & acquisitions across state-run units
 Mergers & Acquisitions Heat Up the Promo Industry in January
 Mergers and Acquisitions: 2016 Update

More room for bank mergers and acquisitions
August, 25th 2014

There is still room for mergers and acquisitions (M&A) as well as bank consolidations in the country, driven by a further liberalisation of the sector by Bank Negara Malaysia, says AllianceDBS Research.

It said the need for banks to build up their domestic or regional scales to remain relevant and competitive would also pave the way for M&As.

The government has relaxed the foreign equity participation for Islamic banks, investment banks and insurance companies by up to 70 per cent foreign ownership.

Recently, for unit trust management companies, up to full foreign ownership was allowed.

For commercial banks, there is a 30 per cent limit on strategic foreign shareholdings.

“If this cap is raised, possibly on a case-to-case basis, it could spark M&A opportunities among Malaysian banks or open doors for new strategic partnerships,” the research firm said in a note today.

Banks such as AMMB Holdings Bhd, RHB Capital Bhd (RHBCap), Alliance Financial Group Bhd and Affin Holdings Bhd have foreign strategic shareholders with holdings ranging from 15 per cent to 25 per cent.

On the Malaysia Building Society Bhd (MBSB), CIMB Group Holdings Bhd and RHBCap merger proposal, AllianceDBS said the structuring of a mega Islamic bank would give CIMB a first-mover advantage to tap into the large “unbanked” Muslim population in the region.

It also anticipates that Malayan Banking Bhd (Maybank) would not sit still and let CIMB “steal the thunder”.

AllianceDBS believes a proposed merger of Maybank and BIMB Holdings Bhd is conceivable, as both entities would be able to leverage on their leading positions in Islamic banking.

“We think a proposed merger of Maybank Islamic and BIMB would be more appealing when it comes to creating a truly mega Islamic bank,” it added. — Bernama

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions