Malaysia: MBSB submits application to BNM for merger with Asian Finance Bank

Malaysia: MBSB submits application to BNM for merger with Asian Finance Bank

MBSB office image sourced from the company portal

Malaysia Building Society Bhd (MBSB) has submitted an application to Bank Negara (BNM) seeking approval for its proposed merger with Middle East-backed and much smaller Asian Finance Bank Bhd (AFB) in a deal that could create an entity worth about $10.5 billion in asset size.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter