TITLE

Maybank Makes Its Move

AUTHOR(S)
Gatsiounis, Ioannis
PUB. DATE
July 2008
SOURCE
Forbes Asia;7/21/2008, Vol. 4 Issue 13, p54
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Maybank, Malaysia's largest commercial bank, is getting serious about the competition after liberalization of banking in the country. It has inked some overseas deals and appointed new chief executive officer (CEO) Abdul Wahid Omar. In March 2008 it invested in three banks abroad. It paid $135 million for a 15% stake in Vietnam's An Binh Bank. It agreed to buy a 56% stake in Indonesia's sixth-largest banking group, Bank Internasional Indonesia (BII), for $1.5 billion.
ACCESSION #
34379566

 

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