KUALA LUMPUR (April 29): Digital bank bidders rose on Friday morning (April 29) as Bank Negara Malaysia (BNM) is set to announce the winners on the same day. Kenanga Investment Bank Bhd added two sen or 1.75% to RM1.16, while Revenue Group Bhd grew six sen or 4.69% to RM1.34. “We also expect the entry of these digital banks to accelerate the digitalisation of our incumbent banks. Later in March, however, Nor Shamsiah said that the central bank will only announce in the near future its decision on the digital bank licences upon completion of the legal process. Read also:BNM to announce digital bank licence winners on Friday, say sources

Source: The Edge Markets April 29, 2022 20:37 UTC