| 01.06.2012 - Maybank, CIMB can breathe a sigh of relief |
| It looks like the country's top two banks, Malayan Banking Bhd (Maybank) and CIMB Group, can heave a sigh of relief as they won't be subject to Indonesia's proposed new rules on bank ownership. Having to sell down their stakes would have hurt their prospects in the world's most populous Muslim nation, where the banking penetration rates - particularly Islamic banking - are very low and the sector offers high growth potential...............................................Full Article: Source |