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Category: Business
Word Count: 8646
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Financial Market Analysis

1
Malaysian Banking Sector – Background and History

From a Malaysian perspective, the consolidation of the banking sector is to strengthen the existing banks to enable them to compete with the foreign banks. While the government has encouraged consolidation of banks in 1994, and some mergers did take place, the impact was not as desired. In July 1994, Central Bank announced that the domestic banks would be merged into various groups.

The merging exercises resulting in cutting down the nu
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