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Article: Bank Islam actively seeking merger partner for growth
- Article from:
- New Straits Times
- Article date:
- August 4, 2009
- Author:
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Adeline Paul Raj
New Straits Times
08-04-2009
Bank Islam actively seeking merger partner for growth
Byline: Adeline Paul Raj
Edition: Main/Lifestyle
Section: Business Times
Type: Company
THE country's oldest Islamic bank, Bank Islam Malaysia Bhd, is "actively" looking for a potential merger partner to expand in the region as competition heats up at home, its chief said.
"We are actively looking, but so far there's nothing concrete to announce," managing director Datuk Zukri Samat said.
The bank will consider both local and regional merger targets, he said.
"If we think we can do it locally, we'd like to ... but our focus and priority is always Southeast Asia," he told reporters on the ...