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Thumbs up from property developers for CIMB's One-Minute Home Financing

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd's “One-Minute Home Financing” – which is part of CIMB’s InstaApproval platform – has received strong support from the country's top property developers.

Maybank to raise lending rates by 25bps on Monday

KUALA LUMPUR: Malayan Banking Bhd will raise its base rate (BR) and base lending rate (BLR) with effect from Monday, in line with Bank Negara Malaysia’s decision to the increase in the Overnight Policy Rate (OPR).

CIMB Bank ups FD and lending rates by 25bps

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd announced on Friday increases in its base rate and fixed deposit board rates by 0.25% with effect from Feb 2.

MARC assigns AAA to CIMB Islamic Bank's RM10b Sukuk

UALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has assigned a preliminary rating of AAAIS to CIMB Islamic Bank Bhd’s proposed RM10.0 billion senior Sukuk Wakalah Programme (Sukuk Wakalah). The rating outlook is stable.

MARC affirms AA+/MARC-1 corporate credit rating on CIMB Group

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Bhd (CIMB Group).

Grants from two private entities uplift lives of PPR Sri Pantai residents

AS PART of their efforts to empower communities and combat urban poverty, Taylor’s Education Group and CIMB Islamic Bank Bhd awarded grants worth more than RM46,000 to 13 residents from PPR Sri Pantai, Kuala Lumpur, based on their outstanding business proposals.

Director denies RM5.9mil money laundering charges

IPOH: A construction company director claimed trial in the Sessions Court here to 55 counts of money laundering involving RM5.9mil.

UMWOG units get US$550m syndicated facilities

KUALA LUMPUR: UMW Oil and Gas Corp Bhd’s (UMWOG) units have signed for syndicated facilities worth US$550mil, arranged by Maybank Investment Bank Bhd as the sole coordinating arranger and book-runner, as well as Affin Hwang Investment Bank Bhd and CIMB Islamic Bank Bhd as the additional mandated lead arrangers.

UMW-OG units secure RM2.3bil syndicated facilities

KUALA LUMPUR: UMW Oil and Gas Corp Bhd’s (UMW-OG) units have signed for syndicated facilities worth US$550mil (RM2.33bil), arranged by Maybank Investment Bank Bhd as the sole coordinating arranger and book-runner, as well as Affin Hwang Investment Bank Bhd and CIMB Islamic Bank Bhd as the additional mandated lead arrangers.

TNB’s subsidiary issues RM3.67bil sukuk

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) announced that the issuance of RM3.67bil in nominal value of sukuk wakalah by project company, Southern Power Generation Sdn Bhd (SPG), has been completed on Tuesday.