KUALA LUMPUR: HSBC Bank Malaysia Bhd, the country's largest foreign lender, plans to open six more branches, mostly Islamic, before the year-end.
"I think we'll probably have another six or so, and they'll be largely Islamic branches. All of it is subject to Bank Negara Malaysia (BNM)'s approval," Jon Addis, the bank's executive director and deputy chief executive officer, told repor-ters when asked about its branch expansion plans at an HSBC event here yesterday. (source)
HSBC, which has had a presence in Malaysia since 1884, currently has 51 branches nationwide, of which 42 are conventional and the rest, Islamic.
The Islamic banks come under the HSBC Amanah brand name.
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