20.07.2011 - Indonesian banks permitted to open branches in Malaysia

The Malaysian central bank, Bank Negara Malaysia, has permitted foreign banks, including Indonesian banks, to open branches in the country. However, Malaysia has different regulations for syaria and conventional banks. Bank governor Zeti Akhtar Aziz said that foreign syaria banks could open a branch in all parts of Malaysia, while conventional banks could only open a maximum of eight branches and only on the outskirts of cities..............................................Full Article: Source

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