February 23, 2017 7:53 AM ET

Banks

Company Overview of Asian Finance Bank Berhad

Company Overview

Asian Finance Bank Berhad operates as an Islamic bank in Malaysia. The company offers retail banking services, such as home and personal financing, as well as current, savings, foreign currency, and general investment accounts; corporate and commercial banking services, including trade, contract, capital goods, asset purchase, and project financing; asset management services for structured portfolios, liquidity/cash management funds, and structured investments, as well as investment strategy mechanisms covering asset classes, including shipping, marine, private and public equity, aviation, hedge funds, biotechnology, and real estate; and money market and investment products. It also offers i...

2nd Floor

Podium Block

Kenanga International

Jalan Sultan Ismail

Kuala Lumpur,  50250

Malaysia

Founded in 2007

Phone:

60 3 2079 1000

Fax:

60 3 2079 1100

Key Executives for Asian Finance Bank Berhad

Chief Financial Officer
Chief Operating Officer
Head of Corporate Affairs and Human Resource
Chief Internal Auditor
Head of Shariah, and Secretary and Member of Shariah Committee
Compensation as of Fiscal Year 2016.

Asian Finance Bank Berhad Key Developments

Malaysian Industrial Development Not Considering A Merger With Asian Financial Bank

Malaysian Industrial Development Finance Berhad (MIDF) is not pursuing a merger with Asian Financial Bank Berhad (AFB). The news has been confirmed by MIDF's Managing Director, Datuk Mohd Najib Abdullah, who said that MIDF is not considering a merger with AFB, but was eyeing opportunities for merger and acquisition exercise.

Bank Negara Malaysia Okays Malaysia Building Society’s Merger Talks With Asian Finance Bank

Bank Negara Malaysia has no objection in principal to Malaysia Building Society Berhad (KLSE:MBSB) commencing talks with Asian Finance Bank Berhad on a potential merger and acquisition deal. Malaysia Building Society Berhad said it plans to negotiate with the existing shareholders of Asian Finance Bank, namely Qatar Islamic Bank (Q.S.C.) (DSM:QIBK), RUSD Investment Bank Inc., Tadhamon International Islamic Bank and Financial Assets Mena W.L.L. “BNM requires that the negotiations be completed within six months,” Malaysia Building Society said in a bourse filing on December 21, 2016.

MBSB Not Commenting On Merger Talks With AFB

Malaysia Building Society Berhad (KLSE:MBSB) is neither confirming nor denying talks with Asian Finance Bank Berhad (AFB). Datuk Ahmad Zaini Othman, President and Chief Executive Officer of MSBS, said it was difficult to say. We thought the last attempt was almost in the bag but it did not work. At the end of the day, any corporate exercise is all about the pricing. If the pricing is right, I suppose its okay, he said.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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