KUALA LUMPUR: CIMB Group
has committed to deepening collaboration in infrastructure and ESG-linked financing as well as trade settlement frameworks with member banks from the China ASEAN Interbank Association (CAIBA) and ASEAN Plus Three Inter Bank Cooperation Mechanism (APTIBCM).
CAIBA member banks comprise CIMB Group, China Development Bank, and one representative member bank from each Asean country.
APTIBCM member banks are from CAIBA with the inclusion of Japan Bank for International Cooperation, and Korea Development Bank.
Two joint statements on Asean economic cooperation and cross-border collaborations were signed at the 5th CAIBA and 6th APTIBCM meetings hosted in KL recently, reaffirming the shared commitment to strengthen economic cooperation and cross-border collaborations across all members.
"With Malaysia as the Chair of Asean in 2025, we are pleased that our shared commitments align closely with Asean’s theme this year – inclusivity and sustainability.
"In a world of accelerating change, hyper connectivity and dynamic economies, CIMB’s purpose has never been clearer - we are not just a bank.
"Our purpose is to advance customers and societies, to foster inclusion and be a reliable partner to connect the member banks in CAIBA and APTIBCM and their clients to ASEAN and beyond, supporting dynamic economic development across the region," said CIMB Malaysia CEO Gurdip Singh Sidhu in a statement.
