PHILIPPINES PRESS-Malaysia's CIMB looking to acquire Al-Amanah Bank - Manila Bulletin

Wed Jul 23, 2014 9:31pm EDT

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Malaysian bank CIMB Group Holdings Bhd is looking to acquire the Philippines Al-Amanah Bank, which will require between 50 billion pesos to 100 billion pesos ($1.16-2.31 billion) in fresh investments to serve the country's Islamic financing needs, the Manila Bulletin reported, quoting Aleem Siddique Guiapal, director of the Muslim Economic Affairs of the National Commission on Muslim Filipinos. (


NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 43.2500 Philippine Pesos) (Compiled by Manila Newsroom; Editing by Prateek Chatterjee)

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