Tag: cimb

Retail Asia26/03/2021
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2min0
The Malaysian lender is revising its strategy to emphasise sustainable growth, in line with the group’s vision to be a «leading focused Asean bank.» CIMB Singapore is laying off staff and will close its Orchard Road branch as part of a restructuring exercise, which will see it optimise its functional set-up and leverage its group strengths […]

Retail Asia23/11/2020
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2min0
The Malaysian bank is letting go of three business heads in Singapore, following a review of its operations. Changes are afoot at CIMB Singapore, as the bank has moved to ax its consumer, commercial and corporate banking heads: Josandi Thor, Yong Jiunn Run and Lai Ven-Li, citing an internal memo viewed by the portal. The bank cited the […]

Retail Asia03/06/2020
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He succeeds Zafrul Tengku Abdul Aziz, who resigned as group CEO of CIMB Group Holdings and CEO of CIMB Bank in March to join the Malaysian cabinet as finance minister. CIMB Group, Malaysia’s second-largest financial services provider by assets, has appointed Abdul Rahman Ahmad as group chief executive officer/executive director for CIMB and CEO/executive director of CIMB Bank, effective […]

Retail Asia10/04/2020
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1min0
The bank’s partnership with iSTOX will expand private capital markets access for its clients. CIMB Singapore is partnering ICHX Tech to allow its clients in the Asean region to raise funds in a faster, more flexible and efficient way on its blockchain-enabled platform, a press release on Wednesday announced. The firm operates Singapore-based platform iSTOX, […]

Retail Asia11/03/2020
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3min0
CIMB Group Holdings announced on Monday that its chief has relinquished his post on Monday, as he has been appointed the new Finance Minister in Malaysia. Zafrul Tengku Abdul Aziz , who has been appointed the new Finance Minister on Monday, has resigned as group CEO of CIMB Group Holdings and CEO of CIMB Bank. He has also resigned […]

Retail Asia05/02/2020
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4min0
CIMB Bank Philippines’ all-digital bank has partnered Jumio, a provider of AI-powered end-to-end identity verification and authentication solutions to provide a simple, hassle-free and convenient digital onboarding solution to Filipinos. Jumio’s identity verification solution uses machine learning, AI, certified liveness detection and face-based biometrics to ensure the person behind a digital transaction is who they say they are […]

Retail Asia03/01/2020
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A corporate and retail banking stalwart replaces Mak Lye Mun, who retires after 10 years at the helm. CIMB Singapore has appointed Victor Lee as chief executive officer, the Malaysian bank announced on Thursday. With the new Industrial Revolution 4.0, we shall need to anchor down on partnerships, technology; customer obsession will be core, and an […]

Retail Asia22/11/2019
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2min0
CIMB Bank Singapore branch on Thursday announced a collaboration with SESAMi Holding to finance digital invoices under an automated workflow. Suppliers on SESAMi Holding’s platform will be paid immediately on their outstanding invoices within two business days, as soon as they are on-boarded on to the supply-chain financing program, CIMB Bank and SESAMi Holdings said in a […]

Retail Asia15/07/2019
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6min0
PT Bank CIMB Niaga Tbk (“CIMB Niaga”) and Liquid Group today announced a strategic partnership to spearhead cross-border QR payment acceptance between Singapore and Indonesia. The partnership was initiated through their joint participation in Bank Indonesia’s Quick Response Indonesian Standard (QRIS) trial for cross-border payment transactions. The QRIS trial was conducted on May 23, 2019 using […]

Retail Asia23/04/2019
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3min0
CIMB Investment Bank Research (CIMB IB Research) has retained its “reduce” call on AirAsia Group Bhd as it forecasted the company to face higher operating costs and gearing levels until 2021. The research house lowered its target price for AirAsia to RM1.50, from RM1.82 previously, as it expects lower core earnings per share and dividend […]

Retail Asia28/02/2019
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2min0
CIMB Islamic Bank Bhd and local beauty brand SimplySiti have announced a collaboration that will see CIMB Islamic enabling SimplySiti to expand its halal beauty care business beyond Malaysian borders. The homegrown brand will also leverage the end-to-end support of the CIMB-Asean Halal Corridor and CIMB’s strong regional network, to meet the demand for quality […]

Retail Asia31/01/2019
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3min0
CIMB Group Holdings Bhd is finally completing its operating footprint in Asean with the launch of its banking presence in the Philippines. It has received regulatory approval from the Securities and Exchange Commission of the Philippines for its investment banking joint-venture in the country, CIMB Bancom Capital Corporation. CIMB Group CEO (group ventures and partnerships) […]

Retail Asia25/01/2019
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1min0
CIMB Group Holdings Bhd has obtained the green light to establish its investment banking business in the Philippines. In a filing with Bursa Malaysia, the group said its wholly owned subsidiary CIMB Group Sdn Bhd had on Jan 23 received the relevant approvals from the Securities and Exchange Commission of the Philippines, including the Certificate […]

Retail Asia24/01/2019
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CIMB Group Holdings Bhd’s wholly-owned indirect subsidiary CIG Bhd yesterday entered into a share purchase agreement with HBG Asia Holdings Ltd and HBG Malaysia Sdn Bhd (Howden) to divest its remaining 51% stake in CIMB Howden Insurance Brokers Sdn Bhd (CHIB) to Howden for RM59.6 million. The group said approval from Bank Negara Malaysia in […]

Retail Asia30/11/2018
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2min0
CIMB Group Holdings Bhd posted 4.2% higher net profit for the third quarter ended Sept 30, 2018 of RM1.18 billion, compared with RM1.13 billion for the same quarter in 2017 with contribution from all segments except wholesale banking. This was despite group revenue coming in 6.4% lower at RM4.14 billion, compared with RM4.42 billion. CIMB […]

Retail Asia26/10/2018
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4min0
CIMB Group Holdings Bhd has received Bank Negara Malaysia’s approval for the appointment of Datuk Mohd Nasir Ahmad as the group chairman. He will succeed Datuk Seri Nazir Razak, who is stepping down earlier. On Sept 24, Nazir announced his intention to retire from his position as the group chairman and all other positions within […]


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