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Global sukuk to gain momentum

The global sukuk market is likely to gain momentum in the first quarter of next year following a period of slower growth due to the United States subprime market impact.


Innovation to give CIMB the push

CIMB Bank Bhd is focusing more on innovative products targeting specific segments of the market to achieve its deposit growth of 25% this year, says retail banking head Peter England.


Need for better ICM infrastructure

Although Malaysia has successfully prepared to position itself as a global Islamic capital market (ICM) hub, it needs to improve its ICM infrastructure and offer more innovative Islamic financial products.


CIMB Islamic maintains RM1b budget for financing

CIMB Islamic Bank Bhd has allocated RM1bil worth of financing facilities for its business clientele this year, said chief executive officer Badlisyah Abdul Ghani.


CIMB Bank expects 25% growth in retail deposits this year

CIMB Bank Bhd is targeting 25% growth in retail deposits this year on the back of innovative conventional and Islamic deposit products and campaigns, according to head of retail banking Peter England.


KFH, unit win top Islamic finance awards

Kuwait Finance House (KFH) and subsidiary Kuwait Finance House (M) Bhd (KFH Malaysia) are off to a good year, winning in three categories at the 2007 Islamic Finance News Awards.


New CIMB Bank branch at Solaris Mont’Kiara

CIMB Bank Bhd and CIMB Islamic Bank Bhd have opened a branch at Solaris Mont'Kiara.


CIMB now in Mont'Kiara

CIMB Bank Bhd and CIMB Islamic Bank Bhd now have a new branch at Solaris Mont'Kiara, a premier commercial development. The new branch of the banks was opened on Tuesday.


CIMB ironing out merger plan for Indonesian banks

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.


BCHB and Khazanah reviewing Indon ops

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.