CIMB eyes bigger market share in consumer banking, eyes digital methods

Samir: ‘The bank is also looking at further spearheading its digital technology and analytics initiative in Vietnam.’

KUALA LUMPUR: Amid stiff competition in the banking space, CIMB Bank Bhd is aiming for a stronger market share in consumer banking which is a significant contributor to the group’s earnings.

The group’s regional consumer banking business chalked up a 35% year-on-year growth in pre-tax profit to RM2.27bil for its financial year ended Dec 31, 2016 (FY 2016), accounting for 46% of group earnings.