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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , CIMB , samir , consumer , bankig , digital , stocks , shares , bank ,

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read