Malaysia's RHB can double profits - Abu Dhabi bank

PUTRAJAYA, Malaysia, May 8 (Reuters) - Malaysia's fourth-largest lender, RHB Capital Bhd (RHBC.KL), 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)