Is Bank Islam the next merger target?


interview with Bank Islam Malaysia Bhd Datuk Seri Zukri Samat at Menara Bank Islam, KL on 29 May 2014.The Star/Sia Hong Kiau

BANK Islam is back in the groove to fulfil its mega Islamic bank ambitions with market chatter speculating that it could be a merger target.

Given the consolidation theme in the local banking industry this year, emphasised by the recent mega merger proposal involving CIMB Group Holdings Bhd, RHB Capital Bhd (RHB Cap) and Malaysia Building Society Bhd (MBSB), analysts feel that Bank Islam is an ideal candidate for a merger.

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