Public Bank Case Study
Public Bank
The Public Bank Group is very concentrated on increasing its Retail loans and deposits of the market share of the business in the domestic and overseas markets, while maintaining its cautious risk management and strong asset quality.
From the year 2000, as one of the ten anchor banking groups, Public Bank is completing its merger with Hock Hua Bank. Competition in the financial services sector will intensify as liberalization of the financial services sector and competition from merged and expanded banking groups and foreign-controlled Malaysian financial institutions.
After the merger of the public bank with Hawke Bank, the expanded public bank group will see an increase in its 341 branch of its 381 branches in Malaysia from 345
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In all the Hock Hua Bank’s branches, Public Bank have been installed their system to them includes provides the training to their employees. After the first day of the completed merger, all the Hock Hua Bank’s branches immediately operate their system as Public Bank’s branches. In order to prevent any will affect their operations and progress in the implementation of the strategies and business plans, Public Bank taking all the necessary steps to make sure all the business and staff of Hock Hua Bank into the Public Bank Group can be complete as soon as …show more content…
The several layered transaction contains RHB issuing new shares to acquire its competitor CIMB for RM60.6 billion, offering one share for every 1.38 CIMB shares, while the two lenders’ Islamic banking units will combine with MBSB to form a Syariah-compliant bank that will be a subsidiary of the merged entity.
CIMB shareholder will have the 70 per cent of the merge entity and the remaining of the 30 per cent will hold by the RHB shareholder after the merger. At the same time, CIMB's Islamic units will acquire MBSB and RHB's Syariah-compliant banking business at RM119 million. This merger will let them become stronger in the financial area.
In 2012, RHB bought OSK Holdings Bhd's Investment Bank (OSKIB) for 1.95 billion ringgit, through the assets to create the country's largest investment bank, and beyond the CIMB as the largest broker that is the market share of 15 per cent. The merger will change OSKIBL ownership from OSKIB to RHB Capital, enabling OSKIBL to achieve greater financial resources and serve a wider
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