On Friday, a top Maybank official said that Malaysia's largest lender Malayan Banking Bhd (Maybank) was not curious to join hands with Pakistan's Nishat group to buy banking assets in the Middle East and Indonesia.

The chairman of Nishat Group, Mian Manshan was quoted by news reports in Pakistan this week, under which he said that in order to purchase bank stakes in the Middle East and Indonesia it will need to fix up with Maybank.

The shareholders of Pakistan's MCB Bank are Nishat and Maybank, with 40 percent and 20 percent stakes respectively.

Abdul Wahid Omar, Maybank's CEO said: "The report is not true. I think perhaps the chairman was taken out of context."

Wahid explained; "We did three acquisitions last year, we believe we have enough on our plates. The focus for us is in respect of organic growth."

He specified that the bank has no intentions to bid for the country's No. 2 sharia lender Bank Islam.

Wahid told: "It is something which we have not looked at. We want to grow the Islamic operations organically."

Many Islamic bankers in Malaysia have said that it is for organizing an additional development in the quickly growing sector that Maybank's Islamic subsidiary wishes to get a stake in Bank Islam.

It can be Dubai Group from where the stake could come. Dubai Group explained last week that it was looking for options for its 40 percent share in Bank Islam as it shifts its strategic focus closer to home.