CIMB expects to start Philippines ops by second half of next year


The banking group posted a 36.4 growth in net profit to RM872.83mil in its second quarter ended June 30.

CIMB Group Holdings Bhd expects to kick off operations in the Philippines, the market that will complete its Asean footprint, by the second half of next year.

Chief executive officer Tengku Datuk Seri Zafrul Aziz says the banking group has submitted its proposal to start a branch there and is awaiting regulatory approval.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , CIMB , Tengku Zafrul Aziz , banking

   

Next In Business News

Upping wages via upskilling
Big cut and big moves
Room for growth in travel and hospitality
Wan Zulkiflee steps down as chairman of MAG
Propelling new adventures in aviation
Mida inks research collaboration deal with MIER
Racing into the hearts of a new generation
TNB inks cross border power deal
Dual listing myth
Outsourcing public projects for a win-win solution

Others Also Read