BIMB Holdings Berhad (KLSE:BIMB) is still keen to acquire a stake or even have a management control in PT Bank Maybank Syariah Indonesia. Johan Abdullah, Group Managing Director and Chief Executive Officer of BIMB, said that the talks were still at a preliminary stage, and there was still no material development. Abdullah said, "We may purchase a stake in the bank.

However, the scenario has changed. We need to be mindful of the changes in the regulatory environment, the fact that foreigners can't own more than 50% of the equity." Due to the regulatory uncertainty in Indonesia, Johan said that the group would engage the Indonesian authorities before making any decision to acquire a stake in the bank. Johan said, "In principle, we want to expand on vivid business objectives.

No point expanding regionally when you are not clear of the Indonesian regulations. We want to have a management control."