Bank Pembangunan Malaysia completes acquisition of Danajamin Nasional

Bank Pembangunan Malaysia Bhd. has completed the acquisition of Danajamin Nasional Bhd., The Star reported Nov. 13, citing a statement from Bank Pembangunan Malaysia.

In September, the lender signed agreements with Credit Guarantee Corp. Malaysia Bhd. and Minister of Finance (Inc.) to acquire a 100% stake in Danajamin Nasional.

Following the acquisition, Danajamin Nasional became a wholly owned subsidiary of Bank Pembangunan Malaysia.