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Failed RHB-AMMB merger negative to profitability of M'sian banks — JP Morgan

Mimi Sabreena 4:42:00 PM Informasi

KUALA LUMPUR (Aug 24): The collapse of the merger talk between RHB Bank Bhd and AMMB Holdings Bhd to create the fourth largest banking group — after Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd and Public Bank Bhd — is net negative for the profitability of the country's banking sector in the medium term, said analysts at JP Morgan Securities Asia Pacific Ltd.

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