MALAYSIA PRESS-Malaysia Building Society gets nod for merger talks-New Straits Times

August 5, 2015 12:26 AM

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Malaysian lender Malaysia Building Society Bhd has verbally obtained the central bank's nod to talk to standalone Islamic bank Bank Muamalat about a possible merger, New Straits Times reported on Wednesday, citing sources.

A merger would create the country's largest standalone Islamic bank with combined assets of more than 50 billion Malaysian ringgit ($12.9 billion), the paper reported.

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