PETALING JAYA: The long-term financial institution ratings of CIMB Bank Bhd and subsidiary CIMB Islamic Bank Bhd may be up for a potential upgrade, reflecting the relatively robust performance of both banks and expectations of continued improvements in their financial performance over the next 12 months as the domestic economy recovers.
Malaysian Rating Corp Bhd (MARC) said CIMB Bank’s current long- and short-term financial institution ratings of AA+/MARC-1 reflected resilient earning streams, improved asset quality, adequate capitalisation and strong business franchise in Malaysia.