INDONESIA - BANKING - Bank Mestika Acquisition Pending, RHB Capital Rights Issue Lapsed

www.theindonesiatoday.com - KUALA LUMPUR, Indonesia Today - RHB Capital Berhad plans to resubmit an application for rights issue upon obtaining the necessary approvals for the acquisition of Bank Mestika Dharma. RHB Capital Berhad informed Bursa Malaysia Thursday (April 19) that the approval from Bursa Malaysia Securities Berhad for the extension of time of up to 19 April 2012 to complete the implementation of the Rights Issue has lapsed. (source)

INDONESIA - BANKING - RHB buyers can enjoy Islamic banking profits (Bank Mestika Dharma)

www.btimes.com.my -

Potential buyers of Malaysia’s RHB Capital Bhd can grab an increasing share of the biggest market for Islamic bonds at a 24 per cent discount to the bank’s rivals.

RHB, whose Islamic banking profits rose ten times faster than total earnings last year, will become Malaysia’s largest stock broker after its acquisition of OSK Investment Bank Bhd, according to data compiled by Malaysia’s stock exchange.  (source)

INDONESIA - BANKING - Indonesia’s withdrawal of ownership ruling to benefit M’sian banks

www.thestar.com.my - PETALING JAYA: The move by Indonesia to drop a controversial policy that would limit ownership of its banks is good news for Malaysian banking groups with a position there, but the market's reaction has been muted.

Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, who stand to lose if Indonesia went ahead with the ruling, were unchanged at the close yesterday. (source)