RHB upbeat on OSK's regional branches

RHB Capital hopes to get Bank Negara's nod to a proposed merger with OSK Holdings by the early second quarter.

"We will utilise regional branches of OSK for commercial banking if the merger kicks off," said RHB Bank Deputy Managing Director, Renzo Viegas.

HwangDBS Vickers Research said the merger would enable RHB Cap to tap into OSK's entrenched retail channel -750 remisiers and dealers- to distribute equity and debt offerings, while grabbing a niche position in the capital markets. The potential will create the largest stockbroker in Malaysia.

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