Malaysia's RHB can double profits - Abu Dhabi bank

PUTRAJAYA, Malaysia, May 8 (Reuters) - Malaysia's fourth-largest lender, RHB Capital Bhd (RHBC.KL: Quote, Profile, Research, Stock Buzz), can double profits within three years, its new strategic shareholder, Abu Dhabi Commercial Bank ADCB.AD, said on Thursday.

Abu Dhabi Commercial Bank Chairman Saeed Al-Hajeri made the comment to reporters before he was due to sign a deal to buy 25 percent of the Malaysian bank for $1.23 billion.

"The plan (to double profits) is very attractive...very aggressive, very possible. My personal belief is that they will reach that easily," he said.

Al-Hajeri also declined to rule out the possibility that RHB would use acquisitions to meet that profit target. (Reporting by Jalil Hamid, editing by Mark Bendeich)