Sign up | Log in



Home  >>   Daily News  >>   Malaysia  News  >>   Finance  >>   Market to determine number of Malaysia banks
NEWS UPDATES Asean Affairs        6  April 2011

Market to determine number of Malaysia banks

Related Stories

April 4,2011
Bond season arrives in Malaysia

April 2,2011

Malaysia open to foreign banks

March 26,2011
More finance liberalization in Malaysia

March 5,2011
Higher foreign stake in Malaysian banks 

The market will determine the number of banks in the country, which currently are well-capitalised. Malaysia has nine financial services groups with Malayan Banking Bhd, CIMB Group Holdings Bhd and Public Bank Bhd in the top three.

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said banks have reached a “minimum size and are well-capitalised with quality capital that has enabled them to take advantage of economies of scale”.

“In the current environment, we leave the number of banks to be determined by the market,” she told reporters after her keynote address at the Financial Inclusion Policymakers Forum yesterday. Former Finance Minister Tun Daim Zainuddin last Friday warned that there were “way too many banks” in the country. He cautioned that only big banks with huge capital could sustain if there were another economic crisis.

Underscoring Daim's remarks were speculation in recent weeks of more merger and acquisition (M&A) activity to come among banks mirroring the activity in the wider market and following the imminent takeover of EON Capital Bhd, the owner of EON Bank Bhd by Hong Leong Bank Bhd.

The speculation was further reinforced by an early March report quoting Prime Minister Datuk Seri Najib Tun Razak, who said the Government might consider allowing Australia and New Zealand Banking Group Ltd to raise its 23.8% stake in AMMB Holdings Bhd, the owner of AmBank (M) Bhd, to 49 percent.

Foreign shareholdings in local banks is currently capped at 30 percent.

Singapore's investment arm Temasek Holdings Ltd is keen to take a bigger stake in Alliance Financial Group Bhd (AFG), the owner of Alliance Bank Malaysia Bhd via Langkah Bahagia Sdn Bhd, which was interested in selling its 14.8% stake held via Vertical Theme Sdn Bhd.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    6  April 2011 Subsribe Now !
 • Cambodian currency appreciates Subcribe: Asean Affairs Global Magazine
• W Java to explore eleven geothermal spots Asean Affairs Premium
• Energy firms to tap Sumatra methane
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Market to determine number of Malaysia banks
• China looks to cooperate with Asean in sea dispute

• Canberra kills SGX/ASX Merger

• Thailand’s Bangchak takes greener focus 

• Thailand gains from improved trends p

Asean Analysis    April 2011

Advertise Your Brand

• IMF moves on capital inflows

Sponsor Our Events

Asean Stock Watch    April 2011


• Asean will open lower


Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand