Bank Negara Malaysia (BNM) has reiterated that it does not and will not interfere with the negotiations between any parties in relation to mergers and acquisitions in the banking industry.
These activities are driven by the market, which in turn, are based largely on commercial and business considerations and the central bank plays the role of an enabler in facilitating the merger process, it said In a statement today.
BNM was responding to a local news report titled "What led to the collapse of Ambank - RHB deal" published on Friday, which the central bank said was inaccurate and could cause confusion among the players of the banking industry.
"In the reporting of such development, adopting a fair and balance view should be the norm of journalists. Any insinuation or allegation made on certain parties should be accompanied by the parties' comments and feedback.
"Mergers in the banking sector are mainly driven by the business considerations of banking institutions themselves.
"It is therefore grossly inaccurate and indeed mischievous of the article to conclude that 'the deal is likely to have failed because the central bank was the only driver pushing the deal to go through'," it said, adding that journalists should be fair, responsible and professional in their research and comments.
BNM said it gave approval for the parties concerned to discuss and negotiate within a stipulated time frame.
"During this period, the parties would conduct a comprehensive assessment on the merger after weighing in various considerations.
"These include assessment of potential synergies, as well as risks arising from their respective business models, operations and systems and after taking into account extensive analysis of both financial and non-financial information," it said.
BNM said it was also the fiduciary duty of the Board of Directors of the respective entities to ensure that the merger would ultimately take into account the best interest of stakeholders, in particular that of the depositors and shareholders.
-- BERNAMA
Bernama
Sun Aug 27 2017
Mergers in the banking sector are mainly driven by the business considerations of banking institutions themselves, says BNM responding to a local news report titled "What led to the collapse of Ambank - RHB deal" on Friday.
#AWANIRingkas 17 September 2024 | 9 PM
Berikut merupakan rangkuman berita setakat 9 malam, 17 September 2024
1️⃣ PN tolak draf MoU kerana ada niat tersirat - Muhyiddin
2️⃣ Banjir: cuti anggota, pegawai bomba Kedah dibekukan
3️⃣ 'Abang bas' bebas selepas bayar ikat jamin RM40,000
#awaniringkas
1️⃣ PN tolak draf MoU kerana ada niat tersirat - Muhyiddin
2️⃣ Banjir: cuti anggota, pegawai bomba Kedah dibekukan
3️⃣ 'Abang bas' bebas selepas bayar ikat jamin RM40,000
#awaniringkas
Agenda AWANI: Siap siaga, kes MPOX di Malaysia
Kes positif mpox varian clade II dalam negara, adakah kita mengulangi kesilapan sama jika lambat bertindak? Adakah masyarakat cakna mengenai penjagaan kesihatan dan waspada dengan sebarang ancaman penyakit berjangkit?
Peruntukan pembangkang, pembangunan kawasan parlimen wajar diperundangkan - Pakar
Mantan Ahli Tetap Jawatankuasa Reformasi Pilihan Raya (ERC), Dr. G Manimaran berkata peruntukan kepada pembangkang dan dana pembangunan kawasan parlimen wajar untuk diperundangkan berbanding dibuat secara Perjanjian Persefahaman (MoU) semata-mata. Pada masa yang sama, beliau berpendapat sikap pembangkang terhadap MoU yang ditawarkan Kerajaan Perpaduan ketika ini bersifat politik semata-mata. #AgendaAWANI
MoU peruntukan pembangkang berat sebelah, sepatutnya digubal undang-undang khusus - Pakar
Timbalan Ketua (Strategi) Ibu Pejabat Asia UNSDSN, Universiti Sunway, Prof. Wong Chin Huat berkata Perjanjian Persefahaman (MoU) peruntukan pembangkang yang ada ketika ini disifatkan berat sebelah memandangkan hanya menyentuh mengenai pengisytiharan harta oleh pembangkang sahaja. Jelasnya, hal tersebut sepatutnya dilakukan secara saksama oleh semua ahli parlimen dan dilakukan berdasarkan satu Akta khusus berbanding sekadar dalam bentuk MoU. #AgendaAWANI
Negara luar minat labur di Malaysia mahu pengiktirafan JAKIM
Bagi menjayakan usaha ini, beliau telah membuat rancangan dengan kerajaan negeri untuk menyediakan tanah yang akan dibeli atau disewa bagi membolehkan kilang berkenaan didirikan.
Ribut tropika Pulasan mungkin hampiri barat daya Jepun - Agensi cuaca
Menurut agensi cuaca Jepun pada Selasa, ribut tropika besar yang semakin kuat mungkin menghampiri wilayah Okinawa dan kawasan Amami di wilayah Kagoshima di barat daya Jepun pada Rabu.
MP PN tolak draf MoU kerana ada niat tersirat - Muhyiddin
Tan Sri Muhyiddin Yassin mendakwa MoU itu antaranya mengandungi satu bab khusus mengenai isu bangsa, agama dan Raja-Raja, di mana Ahli-ahli Parlimen PN dilarang untuk bersuara mengenainya kerana menyentuh isu itu dianggap sebagai menyebarkan kebencian.
24 mangsa, tiga kanak-kanak diselamatkan
Bomba menyelamatkan 24 mangsa termasuk tiga kanak-kanak yang terperangkap akibat di Kampung Kubang Kayu, Bukit Kayu Hitam.
Malaysia raih dua emas, Mohamad Aniq lebur rekod kebangsaan di Fiji
Jaguh angkat berat negara Mohamad Aniq Kasdan merangkul pingat emas kategori 61 kilogram (kg) di Kejohanan Angkat Berat Komanwel 2024 di Suva, Fiji hari ini.
Banjir: Cuti pegawai, anggota bomba Kedah dibeku
Cuti hampir 800 pegawai serta anggota Jabatan Bomba dan Penyelamat Malaysia (JBPM) Kedah dibekukan berkuat kuasa hari ini susulan situasi banjir di negeri ini.