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CIMB stands to gain from tie-up
PETALING JAYA: CIMB Group Holdings Bhd’s tie-up with China Galaxy Securities Co Ltd (CGS) in the stockbroking business is expected to benefit the Malaysian banking group in terms of cost savings and opportunities to expand further into China
CIMB scores big win in Australia
SYDNEY: An advisory role in one of Australia’s most contested takeover deals this year has thrown a spotlight on an unexpected debutant in local investment banking circles – Malaysia’s CIMB Group Holdings Bhd.
CIMB completes stake sale of CIMB Securities to China Galaxy
PETALING JAYA: CIMB Group Holdings Bhd and China Galaxy Securities Co Ltd (CGS) have completed the sale and purchase of 50% interest in CIMB Securities International Pte Ltd.
CIMB cuts stake in asset management firms
PETALING JAYA: CIMB Group Holdings Bhd has proposed to realise part of its investment in its fund management companies in a deal worth RM470.29mil.
1% of CIMB pre-tax profit goes to CSR initiatives
KUALA LUMPUR: CIMB Group Holdings Bhd has reaffirmed its commitment to corporate social responsibility (CSR) by announcing that 1% of its pre-tax profit would be channelled to CIMB Foundation for CSR initiatives across Asean for 2018-2020.
CIMB Bank to unveil new mobile application in December
PETALING JAYA: CIMB Bank Bhd plans to launch a two-way messaging application between customers and the bank, called “CIMB EVA” or Enhanced Virtual Assistant, by next month.
Four suitors said to have submitted prices for CIMB Aviva bids
PETALING JAYA: CIMB Group and UK-based Aviva Plc are expected to finalise the buyers of their 51% and 49% stakes respectively in joint venture CIMB Aviva Assurance Bhd this week, according to a source with knowledge of the deal.
Nazir: Difficult H1 for CIMB
KUALA LUMPUR: CIMB Group Holdings Bhd’s net profit of RM949.94mil for the second quarter ended June 30 came in below consensus estimates, as difficult operating conditions in Indonesia dragged down the group’s overall performance.
CIMB launches bank in Philippines
PETALING JAYA: CIMB has formally established its flagship banking presence in Philippines with CIMB Bank Philippines Inc.
MUFG exits CIMB
PETALING JAYA: Mitsubishi UFJ Financial Group (MUFG), a long-time shareholder in CIMB Group Holdings Bhd, is divesting its interest in the second-largest financial institution in Malaysia. News of MUFG’s proposed exit could have been the main trigger for CIMB’s shares falling 23 sen yesterday, wiping out RM2.08bil in the counter’s market capitalisation.
