COMMENT | Given the current tightness in the country’s financial system’s liquidity, an industry-wide banks merger must be considered immediately.
| Given the current tightness in the country’s financial system’s liquidity, the PAS’ central economic, real estate and entrepreneur development committee feels the need to broach the possibility – or even the inevitability – of an industry-wide banks merger, that must be considered immediately at great length.
While the immediate beneficiary of the lower OPR environment will be the borrower in terms of lower borrowing costs, deposits are set to suffer adversely. It is imperative for the federal government to facilitate the necessary discussions between the banks themselves, both in terms of matching potential parties and providing the appropriate incentives.
Where possible, it is imperative that any momentum built through these adjustments be expanded where possible across the region as well, as has been ably demonstrated by local giants such as Maybank, CIMB Bank and Public Bank.
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