Malaysian company Affin Holdings Bhd and Bank of Hong Kong The Bank of East Asia Ltd (BEA) suggested that the Chinese management of the Banking (CBRA) to open China’s first Islamic bank. This was announced on Thursday the chairman and chief executive officer, BEA David KR Lee.
«Currently CBRA still continues to learn the rules and regulations of Islamic finance. We hope that will become the first Islamic bank in China as soon as the authorities will understand regulatory requirements, “- said director of BEA.
This collaboration will enable Affin Bank to use the services of over 240 branches BEA, located in Hong Kong, China, North America, Britain and the countries of Southeast Asia. Bank BEA is also the largest foreign shareholder of Affin, owning 23,5% of shares.
This collaboration will enable Affin Bank to use the services of over 240 branches BEA, located in Hong Kong, China, North America, Britain and the countries of Southeast Asia. Bank BEA is also the largest foreign shareholder of Affin, owning 23,5% of shares.
«We are confident that this strategic alliance will allow both banks to take an advantageous position in many Asian markets and the many opportunities for business development activities”, – said Chairman of Affin Holdings Tan Sri Mohd Zahidi Zainuddin.
Earlier this month, Affin Bank bought the Bank of Indonesia’s PT Bank Ina Perdana for 138 million Malaysian ringgit (about 45 million dollars), which became his first acquisition outside Malaysia. Indonesian bank may also offer their services in the field of Islamic finance in the country with a population of more than 200 million people.
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