CIMB Group is the fifth largest banking group in Asean (by assets), with an extensive regional footprint and a commendable universal-banking franchise.
KUALA LUMPUR: CIMB Group
Holdings Bhd has completed the realignment of ownership stakes with Principal Financial Group in its CIMB-Principal joint ventures across Asean.
This exercise will see the CIMB Group recording a gain of about RM920mil and about 15 basis points increase in its Common Equity Tier 1 ratio.
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