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CIMB Bank is ready to disrupt itself and will bank on data as one of the main thrusts in becoming a regional digital banking group at a time when disruptions are fast taking place in the financial services sector. On the whole, the group’s digital sales…
CIMB Group is opening up its first retail brands in the Republic of the Philippines. The branch is expected to be fully operational by the fourth quarter of 2018. CIMB Bank is the first Malaysian banking group to be granted BSP’s approval to operate under…
CIMB Equities Research has initiated coverage on CCK Consolidated Bhd with an Add rating and a 12-month target price of RM1.28. CCK controls about 35% of Sarawak’s poultry market making it the state’s biggest producer. Besides Sarawak, it also has exposure in…
CIMB Bank Bhd (CIMB Bank) and Ant Financial Services Group (Ant Financial), the parent company of Alipay, the world’s largest online and mobile payment platform, yesterday announced a collaboration to enable the Alipay mobile wallet in Malaysia as an…
CIMB Bank Bhd has won “Best Retail Bank in Malaysia” at the International Excellence in Retail Financial Services Awards Programme 2017 conferred by The Asian Banker. CIMB’s Enhanced Virtual Assistant (EVA), the first chat-bot banking application in Asean,…
CIMB Niaga Syariah, the sharia unit of PT Bank CIMB Niaga Tbk recorded a 165.5 percent increase in its net profit to Rp305.43 billion in 2016 from Rp115.03 billion in the previous year. Director of the sharia unit of CIMB Pandji P. Djajanegara attributed the…
CIMB Bank Bhd has launched a lifestyle mobile application, CIMB Pay that provides combine secure cashless payments with deals and offers. This enables the bank’s seven million customers to experience faster, easier and more secure payments at over 1,800…
JCB, the international operations subsidiary of JCB, CIMB Bank Singapore (“CIMB”), and Wirecard AG (“Wirecard”) are pleased to announce their signing of a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB…
Twenty-year franchise rights for McDonald’s Malaysia and Singapore outlets have been conditionally sold to a Saudi Arabian group for up to US$400 million. Reza Food Services, which owns McDonald’s restaurants in Saudi Arabia, is seeking finance from Malaysian…
Life insurer Sun Life Financial Indonesia has officially integrated with Malaysia’s financial group CIMB subsidiary CIMB Sun Life following the Rp 550 billion (US$41.8 million) acquisition of 51 percent shares in CIMB Sun Life. Sun Life Financial Indonesia…
CIMB Group Holdings Bhd’s 97.9% owned Indonesia-based subsidiary PT Bank CIMB Niaga Tbk, boosted its unaudited consolidated net profit by 318.2% to 736 billion rupiah (RM228.4mil) for the six-month period ended June 30, 2016 (H1). The fifth largest bank in…
CIMB Bank Bhd’s newly-launched Corporate Card Solutions is expected to gain significant growth momentum, given that it is a gamechanger in the market. In collaboration with MasterCard, the CIMB Corporate Card Solutions offers convenience, control and…
Gas Malaysia’s 1Q16 net profit, which rose 10% on-year to RM31mil (US$8mil), was at 29% of CIMB Equities Research’s full-year forecast and 24% of consensus. The research house said on Thursday the higher earnings were due to lower tax rate and lower losses…
CIMB Niaga said in a statement, posted by its parent on Bursa Malaysia’s website, that the improved net profit came on the back of a 1.4% yoy increase in net interest income and a 18.5% yoy jump in non-interest income, mainly due to improved foreign exchange…
Collaboration between CIMB and Tesco Stores (Malaysia) Sdn Bhd today, the group’s CEO of group consumer banking Renzo Viegas told pressmen that while the current marketplace remains tough for business, the mass affluent community will still continue to…
CIMB Equities Research is maintaining its Add for Berjaya Food with potential re-rating catalysts are stronger sales on the back of a recovery in consumer spending and new contribution from its fast moving consumer goods (FMCG) business in FY17. However, the…
