SINGAPORE (Feb 19): Given the increasingly challenging banking landscape, it is not surprising that bank owners are considering exiting the industry, says CIMB Group Holdings chairman Nazir Razak.

“Banks are facing a very difficult operating environment vis-à-vis margin contraction, technology and regulation. So, you would expect — in this dramatically changing situation — that people who used to own banks may not want to own them anymore,” remarks Nazir in a recent interview with The Edge Malaysia. “It’s not a surprise. Anyway, for most businessmen, ­anything is for sale at the right price.”

His comments come on the back of the announcement of the impending retirement of two owners of banks.

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