KOTA KINABALU: CIMB Group, the nation’s second largest financial institution, yesterday launched a full-fledged branch here, providing consumer banking, investment banking and Islamic banking services under one roof.
Chairman Md Nor Md Yusof said the launch of the branch in Sabah reflected the group’s belief that customers wanted services that were comprehensive, seamless and able to meet the entire spectrum of their financial needs from cradle to retirement.
“Our consumer bank, which has an established presence in Sabah, will dovetail with our investment bank to offer a full range of financial products and services, both conventional and Islamic. We can now serve every one from the smallest retail client to the largest companies and institutions,” he said in a statement.
Md Nor said the presence of CIMB Investment Bank here was timely for businesses in the state in line with the government’s plan to make Sabah a centre for regional development under the Ninth Malaysia Plan.
The group, he added, would like to play an active role in assisting the state’s companies to tap both international and domestic equity and debt markets.
CIMB Investment Bank has already been active in Sabah and was recently the principal adviser, lead manager, lead arranger and sole bookrunner for a RM500mil bond issued by Sabah Development Bank.
The group would also concentrate on providing wealth management services with tailored solutions and highly personalised services for the state’s “high net worth individuals” to grow and preserve their wealth, Md Nor said.
The Kota Kinabalu branch was launched by Sabah Chief Minister Datuk Seri Musa Aman. – Bernama