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.

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Business , CIMB , Tengku Zafrul Aziz , banking

   

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