CIMB Group
CIMB Group Holdings Berhad is a Malaysian bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. It has over 1,080 branches across Southeast Asia.
See below for the Latest CIMB Group News, Analysis, Profit Results, Share Price Information, and Commentary.
CIMB raises sustainable finance target to $13.7b by 2024
CIMB raises sustainable finance target to $13.7b by 2024
The bank has already directed close to $9.6b in sustainable finance since 2021.
Strong income drives CIMB to a 26.2% net profit growth in H1
An interim dividend of 17.5 sen per share has been proposed.
CIMB emphasises promise of SME assistance
CIMB has granted over RM1.0b ($210m) in financial payment SME relief assistance
CIMB Singapore launches CIMB Bank Express
It uses chat bots, anamorphic displays, and interactive screens to support self-service banking.
CIMB reaps benefits from de-risking, cost optimisation initiatives
Net interest margin compression will be offset by improved profits and stable capital.
Deposit war squeezes Malaysian banks’ margins
There is a steady outflow of savings deposits into higher-yielding fixed deposits, says S&P.
CIMB Bank and OxPay join forces for digital payment solutions
The partnership will serve as a starting point for additional talks that may involve signing separate agreements.
CIMB on track to realise sustainability goals
The bank doubled its sustainable finance target after achieving the initial target in 2022.
CIMB Singapore offers online fixed deposit rates of up to 4.2% p.a.
Promotion is valid until 31 December 2022.
CIMB unveils sustainability-linked treasury programme
Clients may get a rebate upon achieving ESG-related targets.
Malaysian banks “well-placed” to weather 2023 headwinds: S&P
Credit costs are expected to stay flattish and slowing credit growth should be manageable.
CIMB Singapore increases fixed deposit rate up to 3.90%
This is the highest as of 31 October.
CIMB Singapore raises fixed deposit rate to up to 2.7% per annum
It’s available for 12 and 18 month periods.
CIMB Singapore raises deposit interest rate tenfold to up to 2% annually
StarSaver savings account holders can enjoy the new rate without any deposit caps.
CIMB Group core net profit jump 18.4% in H1
Interim dividend for the period is 13 sen per share.
Thailand plays catch up with global green finance goals
Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.
CIMB Islamic, StanChart Saadia enter US$227m Collateralised Commodity Murabahah transaction
Proceeds will be used for SDG-compliant projects.
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