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CIMB group, which is currently conducting a feasibility study on Khazanah Nasional Bhd's proposed merger of its Indonesian banks, PT Bank Niaga and Lippo Bank, expects to announce 'something firm' in the first quarter this year.
Bumiputra-Commerce Holdings Bhd (BCHB) and Khazanah Nasional Bhd will announce their plans in Indonesia soon with regard to the country's regulations that prohibit foreign parties from owning more than one bank by year-end.
CIMB Bank Bhd and CIMB Islamic Bank Bhd are on track to meet their combined retail deposit growth target of 15% or RM4bil this year, said retail banking head Peter England.
The Raja Muda of Perak Dr Nazrin Shah will deliver a keynote address on I>Why Invest in Malaysia?/Iat a conference in Dubai and Abu Dhabi in the United Arab Emirates from Nov 3 to 7.
The Kuala Lumpur Business Club (KLBC), which has organised a successful mission to New York, is organising another one, this time to Dubai and Abu Dhabi from Nov 3-7.
CIMB Group, via CIMB Islamic Bank, is targeting to attract RM1bil of deposits within five months for its latest 'Advance Profit' Islamic fixed deposit product.
CIMB Group, via its Global Islamic finance franchise, is targeting to attract RM1bil of deposits within a five-month period with its newly launched Advance Profit Islamic fixed deposit product.
The move to give income tax exemptions to non-resident consultants with expertise in Islamic finance has received mixed views from industry players.
Islamic banks should be given more attractive tax breaks and further incentives to help them develop into global players in line with the government's vision of making Malaysia a global Islamic banking hub,
CIMB Asset Management Bhd will be launching investment funds worth RM600mil targeted at investors seeking long-term returns, with a promise that by saving small amounts starting now, they would be well off by the time they retire.