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| General Rating |
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| Long Term |
AA2 [Reaffirmed] |
| Short Term |
P1 [Reaffirmed] |
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| Rating Review |
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RAM has reaffirmed ABN AMRO Bank Berhad's general bank long term rating at AA2, with stable outlook and P1 for short-term rating.
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| ABN AMRO now seeks to grow the Bank's dedicated wholesale-banking business, targetting top-tier medium to large business, while simultaneously diversifying into the preferred banking segment. In a bid to execute its strategies, the Bank will set up additional 2 branches, beef up work force and raise new Tier II Capital. Meanwhile, given the encouraging progress in the local Islamic banking, ABN AMRO has picked up opportune time and have obtained Bank Negara Malaysia's approval to operate an Islamic banking window. With firm support from the Group - in terms of franchise, expertise, product diversity and network reach - this development augurs well for ABN AMRO in the long run. |
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