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Business 26 Feb 2016 | 12:00 AM

Lower loans growth seen in Malaysia

KUALA LUMPUR: Leading banks are forecasting lower loans growth and a challenging environment for the sector this year.

Business 26 Feb 2016 | 12:00 AM

CIMB on track for cost-to-income ratio target

KUALA LUMPUR: CIMB Group Holdings Bhd says it’s on track to achieve its target of a cost-to-income ratio of below 50% by 2018 after reporting an improved figure of 55.6% for its financial year ended Dec 31, 2015 (FY15)

Corporate News 25 Feb 2016 | 11:45 AM

CIMB Group plans to open Philippine branch by 2018

KUALA LUMPUR: CIMB Group Holdings Bhd, which aims to complete its footprint in Asean by 2018, plans to set up its Philippine operations from scratch instead of going through a merger and acquisition exercise.

Business 23 Feb 2016 | 12:00 AM

EPF upbeat about returns; goes for diversified assets, investments abroad

KUALA LUMPUR: The Employees Provident Fund (EPF) is committed to its investment strategies and remains confident of achieving significant returns despite the prevailing challenges in the global market environment, says chief executive officer Datuk Shahril Ridza Ridzuan

Business 25 Jan 2016 | 12:00 AM

Malaysian banks in Indonesia to gain from BI rate cut

PETALING JAYA: The interest rate cut by Bank Indonesia (BI) last week and further anticipated rate cuts in that country could be a game changer for Malaysian banks in Indonesia as they could see an uplift in their loan growth and earnings amid a challenging economic environment following weaker commodity prices and slower economic growth.

Business 19 Jan 2016 | 1:12 AM

Breakfast briefing: Tuesday, January 19

Breakfast briefing: Tuesday, January 19

Business 19 Jan 2016 | 12:00 AM

CIMB has no plan to lay off more staff

KUALA LUMPUR: CIMB Group Holding Bhd said it has no new plan to lay off staff in Malaysia and Indonesia in 2016 after the completion of last year’s mutual separation scheme (MSS), said chief executive officer Tengku Datuk Seri Zafrul Aziz.

Banking 16 Jan 2016 | 12:00 AM

Banking downgrade unlikely

Analysts wary its outlook may be impacted if economic conditions worsen

Banking 16 Jan 2016 | 12:00 AM

CIMB puts finishing touch to structure

Zafrul will take on additional role as CIMB Bank CEO next week

Banking 14 Jan 2016 | 12:00 AM

Zafrul takes on additional role in CIMB

PETALING JAYA: Financial services group CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz will take on the additional role as the CEO of CIMB Bank effective Jan 20. Following this, Tengku Zafrul will step down from his position as CEO of CIMB Investment Bank effectively on the same date.