The proposed merger between CIMB Group Holdings, RHB Capital (RHBCap) and Malaysia Building Society Berhad (MBSB) would be credit negative for CIMB Islamic Bank said Moody's Investors Service.

In a report yesterday, Moody's Vice-President, Eugene Tarzimanov noted that although CIMB Islamic Bank 's asset base would increase by 20 per cent it would also be exposed to MBSB's weaker asset quality.


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