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Retail Asia01/06/2016

CIMB Bank Bhd’s newly-launched Corporate Card Solutions is expected to gain significant growth momentum, given that it is a gamechanger in the market. In collaboration with MasterCard, the CIMB Corporate Card Solutions offers convenience, control and transparency for business operational expenditure, through its corporate card, purchasing card and virtual card solutions. “We are very excited […]

Retail Asia14/05/2016

Gas Malaysia’s 1Q16 net profit, which rose 10% on-year to RM31mil (US$8mil), was at 29% of CIMB Equities Research’s full-year forecast and 24% of consensus. The research house said on Thursday the higher earnings were due to lower tax rate and lower losses from its joint venture. Its tax rate fell from 25% in 1Q15 […]

Retail Asia03/05/2016

CIMB Niaga said in a statement, posted by its parent on Bursa Malaysia’s website, that the improved net profit came on the back of a 1.4% yoy increase in net interest income and a 18.5% yoy jump in non-interest income, mainly due to improved foreign exchange and capital market businesses. Operating expenses and provisions declined […]

Retail Asia01/04/2016

Collaboration between CIMB and Tesco Stores (Malaysia) Sdn Bhd today, the group’s CEO of group consumer banking Renzo Viegas told pressmen that while the current marketplace remains tough for business, the mass affluent community will still continue to invest. “It’s a tough environment, so loan growth will be slower than last year for sure (in […]

Retail Asia16/03/2016

CIMB Equities Research is maintaining its Add for Berjaya Food with potential re-rating catalysts are stronger sales on the back of a recovery in consumer spending and new contribution from its fast moving consumer goods (FMCG) business in FY17. However, the research house had on Thursday reduced its target price from RM3.27 to RM2.35. This […]

Retail Asia18/01/2016

CIMB Group will not undertake any more job cuts in Malaysia and Indonesia in 2016 after last year’s mutual separation scheme exercise. CIMB Group chief executive Tengku Zafrul Aziz said the bank was now focused on improving productivity and meeting its business agenda. “We have done the mutual separation scheme and we are not planning […]

Retail Asia22/05/2015

CIMB Thai Bank will open its first overseas branch in Vientiane in the third quarter of the year to service trade and other business activities between Thailand and Laos. The new branch forms part of Malaysia-owned CIMB Group’s retail banking initiatives this year, Subhak Siwaraksa, president and chief executive officer of the Thai unit, said […]

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CIMB’s Corporate Card Solutions to see big growth

Gas Malaysia Q1 earnings beat CIMB Research forecast

Profit of CIMB’s Indonesian ops grows by over three times

CIMB expects more conducive economy for consumer banking in 2H2016

CIMB Research retains Add for Berjaya Food

CIMB: No more job cuts in Malaysia, Indonesia this year

CIMB Thai Bank branching out into Laos