Consolidation of banks may gain traction this year
AllianceDBS Research cited reports about Bank Negara approving the commencement of discussions between MIDF and Al Rajhi Bank for a potential merger; the attractive valuations of MBSB Bank Bhd and AMMB Holdings Bhd that made both appealing acquisition targets; and an ongoing restructuring at BIMB as indicators pointing to the possibility of restructuring as well as mergers and acquisitions gaining traction this year
PETALING JAYA: Consolidation and restructuring in the banking sector will likely gain traction in 2019 after a relatively dull year in 2018, says AllianceDBS Research.
The brokerage noted that 2019 could see BIMB Holdings Bhd 
flattening its group structure, and a potential merger between Malaysian Industrial Development Finance Bhd (MIDF) and Al Rajhi Bank Malaysia materialising.
“Consolidation and restructuring remains a theme in the sector that did not gain much traction in 2018,” it said in a report.
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