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’s Q1 profit escalates 18% YoY
Thanks to a solid operating income performance and maintained costs.
CIMB Group’s opex to ease whilst non-interest income poised for growth
Loans are poised for a 6% growth, UOB Kay Hian said in a report.
CIMB Thai on track for 12% wealth segment growth in 2024
Bonds and technology drive expansion in a challenging economic climate.
CIMB’s Dato’ Abdul Rahman Ahmad to step down as group CEO
CIMB has not named a successor yet.
CIMB Islamic, PETRONAS inks deal for Islamic commodity derivatives
This is PETRONAS’ first venture towards Shariah-compliant derivatives.
CIMB Personal Loan offers 2.8% interest rate per annum
Loans of over S$30,000, with a tenure of at least 3 years, can qualify for this.
CIMB net profit up 28.3% in 2024; special dividend proposed
The 7 sen special dividend is separate from the annual dividend of 36 sen per share.
Prudential partners with CIMB Thai for bancassurance venture
The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.
Malaysia’s CIMB Bank unveils personal loan service for EPF members
They can receive up to RM50,000 in financing.
CIMB Singapore announces 2.88% interest rate for CIMB BusinessGo
There are no minimum fall-below fees until 31 January 2024.
CIMB Philippines triples revenue, doubles loan portfolio in H1
The digital-only bank now has 7.13 million customers in total.
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.
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