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MUFG exits CIMB
PETALING JAYA: Mitsubishi UFJ Financial Group (MUFG), a long-time shareholder in CIMB Group Holdings Bhd, is divesting its interest in the second-largest financial institution in Malaysia. News of MUFG’s proposed exit could have been the main trigger for CIMB’s shares falling 23 sen yesterday, wiping out RM2.08bil in the counter’s market capitalisation.
CIMB puts finishing touch to structure
Zafrul will take on additional role as CIMB Bank CEO next week
Moody’s: CIMB Group’s private placement to raise RM3.55b credit positive
KUALA LUMPUR: CIMB Group Holdings Bhd’s proposed private placement of new shares to raise RM3.55bil to support future growth is credit positive, says Moody’s Investors Service.
Major reshuffle for CIMB
A major organisational reshuffle has taken place at CIMB Group Holdings Bhd, aimed largely at driving its cost-to-income ratio down to less than 50% by 2018 from its latest figure of 58%.
CIMB Group offers shares to employees
PETALING JAYA: CIMB Group Holdings Bhd is awarding 100 CIMB Group shares to eligible employees in Malaysia as reward for the CIMB 2.0 initiative and the company’s sterling performance of achieving a record RM4.35bil in net profit last year.
CIMB starts operations in South Korea
KUALA LUMPUR: CIMB Group has begun its investment banking and brokerage businesses in Seoul, South Korea, after obtaining an equities brokerage licence from the Financial Services Commission (FSC) of that country.
CIMB hopeful of Thai listing this year
KUALA LUMPUR: Leading financial services provider CIMB Group Holdings Bhd may be listed in Thailand by the fourth quarter of this year, if all goes smoothly as planned, according to its group chief executive officer Datuk Seri Nazir Razak.
CIMB teams up with six firms to help enhance graduates’ skills
KUALA LUMPUR: CIMB Group has signed a partnership agreement with six partners to offer local graduates a dual-track development programme to enhance their skills.
CIMB launches two first-of-their-kind online services
CIMB Bank recently announced the launch of the Kwik Account, the first account in Malaysia that can be opened online without visiting a bank branch, and is instantly activated upon successful application.
EPF may cut CIMB stake to remove conflict of interest
PETALING JAYA: The Employees Provident Fund (EPF) may reduce its stake in CIMB Group Holdings Bhd, thereby removing the issue of the retirement fund’s conflict of interest in the ongoing mega banking merger involving that bank, RHB Capital Bhd (RHB Cap) and Malaysian Building Society Bhd (MBSB).
