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CIMB plans to offer microloans in Malaysia

Lender is moving into new areas after collapse of planned merger with RHB Capital and Malaysia Building Society
Wednesday, January 28, 2015 - 05:50
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CIMB Islamic Bank will offer a wide range of products including microsavings, microinsurance and advisory services, Mr Badlisyah said.

Kuala Lumpur

CIMB Islamic Bank Bhd plans to start offering microloans in Malaysia as it seeks new growth avenues after delaying plans to create a syariah-compliant megabank.

"We are exploring the undertaking and are looking to launch something, subject to relevant approvals, by