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Worst over for CIMB?
KUALA LUMPUR: Analysts have turned optimistic on CIMB Group Holdings Bhd’s Indonesian operations despite the bank’s group chief executive officer remaining cautious of its business in that country.
CIMB partners CGC to provide RM2bil to forward SMEs growth
KUALA LUMPUR: CIMB Group, through its entities CIMB Bank Bhd and CIMB Islamic Bank Bhd, have entered into a strategic partnership with Credit Guarantee Corporation Malaysia Bhd (CGC) to provide small and medium enterprises (SMEs) access to RM2 billion in financing through CGC’s Portfolio Guarantee-i scheme.
CIMB sees stronger results this year
KUALA LUMPUR: CIMB Group Holdings Bhd, which saw net profit hit an all-time-high of RM5.58bil for financial year of 2018 (FY18), expects to record stronger results in FY19 as the bank embarks on a new strategic growth plan for the next five years.
Nazir leaves CIMB after 29 years at Malaysia's 2nd largest bank
PETALING JAYA: It’s the end of an era for the country’s second-largest lender, CIMB Group, as its chairman Datuk Seri Nazir Razak, the face behind the group, will leave, effective Dec 31 this year.
CIMB ‘cautiously optimistic’ on prospects this year
KUALA LUMPUR: CIMB Group Holdings Bhd remains “cautiously optimistic” on its prospects this year, amid the group’s expectation to record a stronger performance in the current financial year 2018
CIMB looks to change with times
CIMB Group Holdings Bhd is to unveil its new growth strategy that will focus on digitisation.
Khazanah puts half a billion ringgit worth of CIMB shares on the block
PETALING JAYA: Khazanah Nasional Bhd, the single biggest shareholder in CIMB Group Holdings Bhd, is testing investors’ appetite for the banking stock with an offer for sale of CIMB shares worth at least RM550mil.
Foreign funds buy most of MUFG’s block of CIMB shares
PETALING JAYA: Foreign fund managers are the buyers of the bulk of shares in CIMB Group Holdings Bhd that had been offered up for sale by Mitsubishi UFJ Financial Group (MUFG).
CIMB H1 net profit up 35%, NIM to remain stable
KUALA LUMPUR: CIMB Group Holdings Bhd expects its net interest margin (NIM) to remain stable this year amid easing pressure on funding costs and liquidity concerns.
CIMB sees better times ahead after clearing provision burden
CIMB Group Holdings Bhd, which had just undertaken one of its biggest provisions in recent history, is upbeat on its future.
