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)