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Business

CIMB Islamic voted ‘Best Overall Islamic Bank’

KUALA LUMPUR: CIMB Islamic Bank Bhd has been voted the 'Best Overall Islamic Bank' by the fifth Annual Islamic Finance News (IFN) Awards Poll 2009.

Business

CIMB Islamic Bank may open own branches in East Coast

KUALA LUMPUR: CIMB Islamic Bank is considering opening its own branches in the East Coast, its executive director and chief executive officer Badlisyah Abdul Ghani said on Tuesday.

Business

CIMB plans to open Islamic banks in east coast soon

KUALA LUMPUR: CIMB Islamic Bank, which is currently co-existing on a dual banking platform with CIMB Bank with 318 branches nationwide, may soon open its own branches in the east coast states.

Business

CIMB sees good harvest from product

KUALA LUMPUR: CIMB Islamic Bank Bhd, a unit of the CIMB Group Holdings Bhd, expects RM300mil from its new Islamic structured deposit product, Best of Asian Giants Access NID-i.

Business

Islamic banks unfazed by new competition

PETALING JAYA: The country's existing Islamic banking players remain unfazed by the upcoming competition in the form of more licences to be issued for world-class Islamic banks and takaful operators.

Business

CIMB Islamic, Bank Negara win awards

KUALA LUMPUR: CIMB Islamic Bank Bhd was voted 'Best Overall Islamic Bank' at the 2010 Islamic Finance News Awards ceremony last night, while Bank Negara was named 'Best Central Bank in Promoting Islamic Finance.'

Business

Potential rating upgrade for CIMB Bank and CIMB Islamic

PETALING JAYA: The long-term financial institution ratings of CIMB Bank Bhd and subsidiary CIMB Islamic Bank Bhd may be up for a potential upgrade, reflecting the relatively robust performance of both banks and expectations of continued improvements in their financial performance over the next 12 months as the domestic economy recovers.

Business

LCL says it may face legal action for defaulting on loan

KUALA LUMPUR: Financially troubled interior fit-out (IFO) group LCL Corp Bhd has announced that it could face legal implications for defaulting a loan from CIMB Islamic Bank Bhd.

Business

Several banks revising BLR, BFR

KUALA LUMPUR: Malayan Banking Bhd (Maybank), Maybank Islamic Bank, CIMB Bank, CIMB Islamic Bank and Bank Islam have announced that they would be revising their base lending rates (BLR) and base financing rates (BFR).

Business

Banks to revise deposit rates, BLR

KUALA LUMPUR: Several banks will be increasing rates on lending and deposit from Monday after Bank Negara raised its key policy rate for the third time this year.