Maybank Philippines eyeing Islamic banking license from BSP

MANILA, Philippines  — Maybank Philippines and a foreign company have expressed interest in going into Islamic banking in the country, according to the Bangko Sentral ng Pilipinas. In a press conference, BSP Assistant Governor Arifa Ala said Maybank intends to apply for an Islamic banking license and it is expected to submit its application this month. “We’ve been discussing with them the requirements,” Ala said Maybank Philippines is a member of the Maybank Group, the largest bank in Malaysia in terms of assets and the fourth biggest in Southeast Asia. Apart from Maybank, the BSP official said a foreign company […]…

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