biz.thestar.com - PETALING JAYA: Malayan Banking Bhd (Maybank) said it is keeping its options open in bidding for Al Amanah Islamic Investment Bank of the Philippines, the country’s only Islam-oriented commercial bank, a Philippine’s based newspaper reported.
Al Amanah Islamic Bank is looking for a strategic partner through the sale of a 49% stake or the entire bank to a foreign entity with expertise in Islamic banks.
Maybank told the Philippine’s based newspaper that it wanted to expand further in the Asean region while strengthening its hold in the Asia-Pacific region. (source)