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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Malaysian Islamic connection for ANZ bank

Posted on 19 September 2011

Malaysia’s rapidly growing AmBank Group, almost 24 per cent owned by ANZ, plans to exploit the global connections of its major investor for its next phase of growth. ANZ has invested almost $900 million in the mid-tier Malaysian bank, its single largest investment in Asia.

Ashok Ramamurthy, AmBank’s deputy group managing director and chief financial officer, said the first six months were “tough” but the relationship was now going well. “We’ve demonstrated we can deliver,” he said……………………………………….Full Article: Source

 
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