It is envisaged that the transaction will effectively be an all shares merger. "We are confident that if the proposed merger takes place, it will create greater synergy for the enlarged banking group, benefiting our shareholders, customers, employees and all other stakeholders. A merger of RHB Banking Group and AmBank Group will create a stronger fourth largest banking group, creating scale and market leadership across key business segments," said Dato' Khairussaleh Ramli, Group Managing Director for RHB Banking Group. "This new chapter that is opening in the AmBank Group's history, comes at an opportune time for us as we have been moving closer to achieving our Top 4 goals. I am positive that the proposed merger with RHB Banking Group will create a stronger business and financial presence.