Search

NEWS
RETAIL BANKING | Cesar Tordesillas, Indonesia
Published: 12 Apr 12
1155 views


Maybank looking to bid for Philippine Islamic bank

Maybank may bid for Al Amanah Islamic Bank of the Philippines, who is looking to sell a 49% to 100% stake.

 

According to Philippine newspaper reports, Maybank announced that it is keeping its options open for the bid.

Al Amanah Islamic Bank is the Philippines' only Islamic commercial bank.

According to Maybank, its Islamic banking operations will focus on delivering innovative and globally accepted products and services that will differentiate it from other Islamic financial institutions.

Already operating a commercial bank in the Philippines, Maybank said that it wanted to expand further in the Asean region while strengthening its hold in the Asia-Pacific region.

“Riding on Maybank Group’s strong presence across Asean, including in the Philippines, and in line with Maybank Islamic’s

aspirations to further entrench our regional footprint, we are always open to opportunities in new markets,” said Maybank.

“We aim to grow our Islamic business in markets like Indonesia and Singapore as part of our focus on the Asean region," it added.

For more, click here.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: bank acquisition, bank bid, bank stake, Islamic bank, Philippine banks, Asia-Pacific market

PRINT ISSUE »

Subscribe Now
Banks are a-changin’: Omni-channel is the way to go for Asian banks

15 views

Indonesian banking sector edges near crunch time for consolidation

11 views

Breaking the tethers of Asia’s payments revolution

7 views

MOST READ EXCLUSIVES

BNP Paribas Wealth Management Singapore's new CEO eyes rapid development of digital solutions

BNP Paribas Wealth Management Singapore\'s new CEO eyes rapid development of digital solutions

Ernest Leung plans to invest more in technology.

by STAFF REPORTER
13 May 2015 | 729 views
 
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter