CIMB boosting retail deposit base

KUALA LUMPUR: CIMB Group expects its local retail deposit growth this year to at least equal last year's forecast rate of 16.5%, fuelled partly by its series of deposit-drive campaigns.

CIMB Bank head of retail banking Peter England said the group expected its retail deposits growth for last year to be worth RM5.8bil. The growth was higher than the market average of around 6% in 2010.