Bank merger credit negative for CIMB Islamic Bank
- 6 years ago
The proposed merger between CIMB Group Holdings, RHB Capital (RHBCap) and Malaysia Building Society Berhad (MBSB) would be credit negative for CIMB Islamic Bank said Moody's Investors Service.
In a report yesterday, Moody's Vice-President, Eugene Tarzimanov noted that although CIMB Islamic Bank 's asset base would increase by 20 per cent it would also be exposed to MBSB's weaker asset quality.
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In a report yesterday, Moody's Vice-President, Eugene Tarzimanov noted that although CIMB Islamic Bank 's asset base would increase by 20 per cent it would also be exposed to MBSB's weaker asset quality.
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