CIMB Bank targets RM12bil for B40 financing


  • CIMB
  • Monday, 08 Apr 2019

PETALING JAYA: CIMB Bank Bhd and CIMB Islamic Bank Bhd have targeted at least RM12bil for the B40’s access to facilities such as home, auto, ASB and personal financing for the period of 2019-2020.

The bank said in a statement yesterday that the B40 segment had made up a significant percentage of CIMB Bank and CIMB Islamic’s retail customers since the year 2016.

Group CEO Tengku Datuk Seri Zafrul Aziz said in line with CIMB’s next mid-term growth plan, Forward23, CIMB had “sharpened” its focus on financial inclusivity to fulfil the group’s vision of advancing customers and society.

CIMB Group in the statement also said it had committed 1% of its PBT in the period 2018-2020 to fund its corporate responsibility initiatives in Asean.


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