A sensible fit for CIMB

"A larger presence for CIMB in Indonesia will translate into a larger platform for CIMB to grow its digital business in South-East Asia’s largest economy,” said veteran banker Yoong.

KUALA LUMPUR: PT Bank Commonwealth will be a good fit for CIMB Group Holdings Bhd should it succeed in acquiring the Indonesian bank.

This appears to be so amid pressured net interest margins (NIMs) at CIMB’s Indonesian subsidiary based on its latest third-quarter financial report card and a rather crowded space in the Indonesian banking sector.