CIMB gets nod for investment bank ops in Philippines

25 Jan 2019 - The Star Online
PETALING JAYA: CIMB Group Holdings Bhd ’s unit, CIMB Group Sdn Bhd, has received the necessary approvals from the Philippines’ Securities and Exchange Commission to establish an investment banking business there. “This (approval) includes the receipt of the Certificate of Incorporation and the Certificate ...
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CIMB's long-term prospects remain secure, says PublicInvest

24 Jan 2019 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd 's long-term prospects remain secure with Malaysia continuing to be a significant earnings growth driver in 2019 while improvements are expected for Indonesia and Thailand. "While there are pockets of potential weaknesses in certain business segments, none are alarmingly ...
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CIMB exits insurance brokerage business

23 Jan 2019 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd is selling its entire 51% stake in CIMB Howden Insurance Brokers Sdn Bhd (CHIB) for RM59.6mil, as the banking group seeks to focus on its core operations. CIMB, on Wednesday, entered into a share purchase agreement with HBG Asia Holdings Limited and HBG Malaysia ...
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CIMB Thai CEO takes voluntary personal leave

16 Jan 2019 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd said the head of its banking unit in Thailand, Kittiphun Anutarasoti, has taken voluntary personal leave from all his positions in the group due to personal reasons. “The board of directors of CIMB Thai will announce the appointment of an acting president and CEO ...
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Quick take on CIMB Group after Thai subsidiary Q4 results

16 Jan 2019 - The Star Online
KUALA LUMPUR: Most analysts are not overly concerned about CIMB Group Holdings Bhd ’s 93.7%-owned subsidiary, CIMB Thai’s dismal fourth quarter earnings. The bank is able to absorb the negative news stemming from its Thai subsidiary. The counter fell marginally by two sen, or 0.35%, to RM5.65 with 129,100 ...
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CIMB Group offers six months paid maternity leave for first-time mothers

7 Jan 2019 - The Star Online
KUALA LUMPUR: CIMB Group Holdings is offering six months paid maternity leave for its first-time mothers in the banking group. It said this benefit, which took effect on Jan 1, 2019 for all employees in Malaysia, is another step forward for new parents.
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CIMB takes PLUS to court over RFID system

18 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd , the parent company of Touch 'N Go Sdn Bhd, is taking PLUS Malaysia Bhd to court a day after it filed for an arbitration to stop the highway concessionaire from launching its own toll collection system. The originating summons was filed at the High Court of Kuala ...
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CIMB files arbitration to stop PLUS RFID

17 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd , the parent company of Touch ‘n” Go Sdn Bhd, is seeking to stop highway operator PLUS Malaysia Bhd from launching its own toll payment collection system. In a filing with Bursa Malaysia today, CIMB said it has filed and served a notice of arbitration dated Dec 17 ...
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Affin Hwang maintains hold on CIMB with TP of RM6.10

30 Nov 2018 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd 's 9M18 net profit of RM4.47bil, up 30.8% year-on-year, came in within expectations, said Affin Hwang Capital research. The banking group's earnings were bolstered by asset disposal gains totalling RM1.1bil, lower overheads and lower impaired loan allowances. Core ...
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CIMB posts 4.2% higher Q3 net profit of RM1.18bil

29 Nov 2018 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd posted a 4.2% increase in net profit for the third quarter ended Sept 30 to RM1.18bil from RM1.13bil in the year-ago quarter due to improved contributions across all segments except wholesale banking. "Wholesale Banking PBT (profit before tax) was 41.7% lower y-o-y ...
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