Malayan Banking May Buy 20% of Pakistan's MCB

Malayan Banking, Malaysia's biggest bank, may buy as much as 20 percent of MCB Bank, Pakistan's biggest lender, the Edge reported, citing unidentified people familiar with the matter.

Plans for the acquisition are at a preliminary stage, the weekly magazine said. A 20 percent stake may cost Kuala Lumpur- based Maybank, as the company is known, about 2.6 billion ringgit ($814 million), the report said.

Maybank last month offered $2.7 billion for PT Bank Internasional Indonesia, the country's sixth-biggest bank.

This is an extract from
Asian Banking and
Finance Magazine.

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