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Malaysia’s BIMB says not keen on Bank Islam-Muamalat union

Posted on 26 May 2011

Malaysian Islamic financial group BIMB said on Wednesday it was unable to consider a merger between its unit Bank Islam with rival Bank Muamalat at this juncture.
“BIMB wishes to announce that, after careful consideration of Bank Islam Malaysia Berhad’s current strategic plans and positioning, the company is unable to consider a merger exercise at this point of time,” BIMB said in a stock exchange filing……………………………………….Full Article: Source

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