- ANZ's Malaysian associate AmBank is in the running to buy the credit card business of conglomerate MBF Holdings, the Borneo Post reported. MBf Cards has around 300,000 cards on issue and a market share of less than four per cent. There are 36,000 merchants while the firm also operates 28 branches. Card receivables were RM610 million.
- Short-term lender Money3 announced yesterday that it has acquired Summit Loans and Finance Portfolio, an Adelaide-based provider of short-term loans and car loans. Money3 is looking to expand into car loans and other secured loans. No details of the deal were provided.
- Shareholders in Customers Limited endorsed the takeover bid by DirectCash yesterday. Settlement of the takeover, valued at A$173 million, is due at the end of the month.
