CIMB Bank to set up retail in the Philippines next year

16 Nov 2017 - The Star Online
KUALA LUMPUR: CIMB Bank Bhd has received the approval to operate a branch in the Philippines from the Monetary Board of the country’s central bank. In a statement, its parent company CIMB Group Holdings Bhd said the first retail branch was expected to be fully operational by the fourth quarter of next ...
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CIMB steps up security measures following loss of tapes

14 Nov 2017 - The Star Online
PETALING JAYA: CIMB Banking group has heightened security mesaures across all its channels of transaction following the lost of several magnetic tapes containing back-up data. The bank said in a statement that the tapes have been lost in transit during routine operations. It stressed that the missing ...
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Digital banking growth overall neutral for banks

14 Nov 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research views the strong expansion in digital banking would have a neutral impact on banks. It said on Tuesday the additional business volume and cost savings (for banks) would be largely offset by the expected drop in transaction rates and potential loss of market share ...
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CIMB Bank steps up security measures across all channels

13 Nov 2017 - The Star Online
PETALING JAYA: CIMB Banking group has heightened security mesaures across all its channels of transaction following the lost of several magnetic tapes containing back-up data. The bank said in a statement that the tapes have been lost in transit during routine operations. It stressed that the missing ...
klse:1023

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CIMB flags loss of back-up data, heightens security measures

13 Nov 2017 - Business Times Breaking News
MALAYSIA'S CIMB Group said that several magnetic tapes containing back-up data, including customer information, were lost in transit during routine operations but there has been no evidence that any information has been compromised.Some of the tapes contain information of customers of CIMB Bank and its ...
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Nazir Razak said to plan US$1b SEA fund

10 Nov 2017 - The Star Online
KUALA LUMPUR: Nazir Razak, chairman of CIMB Group Holdings Bhd. and brother of Malaysia’s prime minister, is helping start a regional private equity fund that will seek as much as US$1bil, people with knowledge of the matter said. Nazir will keep his role at CIMB, Malaysia’s second-largest bank, while ...
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CIMB Research confident SP Setia can achieve FY17 RM4b sales target

10 Nov 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research believes SP Setia will be able to achieve its FY17 sales target of RM4bil in FY17 as the group plans to launch projects with a combined gross development value (GDV) of RM2bil in the fourth quarter. It said on Friday the notable launches are in Setia Alam, Setia Ecohill, ...
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Malaysia’s Edra Power hires banks for RM5.28bil sukuk - sources

9 Nov 2017 - The Star Online
KUALA LUMPUR: Malaysian independent power producer Edra Power Holdings has hired three domestic banks to raise RM5.28bil through a sukuk programme, two sources familiar with the deal said on Thursday. The wholly-owned unit of China General Nuclear Power Corp hired CIMB Investment Bank as the sole principal ...
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Banks’ total provision under MFRS 9 could rise at least 30%

7 Nov 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research sees the total provisions for Malaysian banks could increase by between 30% and 70% with the adoption of the Malaysian Financial Reporting Standards (MFRS) 9. It said on Tuesday as part of this will be transferred from retained earnings, it will lower banks’ Common ...
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Former Danajamin CEO Ahmad Zulqarnain joins CIMB board

3 Nov 2017 - The Star Online
KUALA LUMPUR: Ahmad Zulqarnain Che On, founding chief executive officer of financial guarantee insurer Danajamin Nasional Bhd, has joined CIMB Group Holdings Bhd as non-executive director effective Friday. In a filing with Bursa Malaysia, CIMB said Ahmad Zulqarnain, 45, would represent the interest of ...
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