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RHB Bank Invests RM51 Milllion to Retain 40% Stake in Boost Bank - Fintech News Malaysia

Summary by Fintech News Malaysia
RHB Bank invested RM51 million into Boost Bank to retain its strategic 40% ownership in the digital banking arm, according to a regulatory filing on 27 March 2025. The transaction involved subscribing to 51 million new shares at RM1 per share, funded entirely through RHB’s internal reserves. The Additional Subscription aims to support Boost Bank‘s growth and operations while ensuring compliance with Bank Negara Malaysia’s minimum capital require…
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RHB Bank Invests RM51 Milllion to Retain 40% Stake in Boost Bank - Fintech News Malaysia

RHB Bank invested RM51 million into Boost Bank to retain its strategic 40% ownership in the digital banking arm, according to a regulatory filing on 27 March 2025. The transaction involved subscribing to 51 million new shares at RM1 per share, funded entirely through RHB’s internal reserves. The Additional Subscription aims to support Boost Bank‘s growth and operations while ensuring compliance with Bank Negara Malaysia’s minimum capital require…

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Fintech News Malaysia broke the news in on Friday, March 28, 2025.
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