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Commerce International Merchant Bankers Bhd (CIMB) plans to open an investment bank branch here in September and four or five more commercial bank branches in Sabah within the next 12 months, said group chief executive officer Datuk Nazir Razak.
CIMB Group, the nation's second largest financial institution, yesterday launched a full-fledged branch here, providing consumer banking, investment banking and Islamic banking services under one roof.
Negotiations are under way with a Middle Eastern investor for the en bloc sale of the two remaining blocks of the upmarket D'Rapport Condominium project along Jalan Ampang here, said Acmar International group chairman Datuk Abdul Samad Maharuddin.
Perspektif Masa Sdn Bhd, a unit of Acmar International, has secured a RM601mil loan from Sabah Development Bank Bhd (SDB) to finance the development of its RM1.5bil D'Rapport luxury condominiums in Ampang here.