CIMB Group

BROKERS’ TAKE

Analysts raise CIMB target price on ‘surprise’ capital return initiative

The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027

The bank says it will be returning up to RM2 billion of capital to shareholders by end-2027, through special dividends or share buybacks.

CIMB Q3 profit up 2.3% at RM2.08 billion 

The bank announces a special dividend of RM0.07 per share

Victor Lee, the chief executive officer of CIMB Singapore, was appointed to lead the branch in 2020.

CIMB Singapore CEO’s sudden exit puts spotlight on key profit hub

Victor Lee resigns, placed on gardening leave with immediate effect

TNG Digital is 45%-owned by Touch ‘n Go Sdn, a CIMB Group unit.

TNG Digital becomes unicorn in Malaysia, mulls IPO, CIMB says

[KUALA LUMPUR] TNG Digital Sdn, Malaysia’s largest fintech company, has reached unicorn status and will weigh an initial public offering, according to shareholder CIMB Group Holdings Bhd.

Novan Amirudin (left), group chief executive officer of CIMB, says: “Tariffs are one factor that would impact a company’s or a bank’s financials, but it’s how we then choose to play with the different levers to offset that situation that is the important part.”

Instead of being a universal bank across Asean, CIMB wants to have a niche in each market, says group CEO

This strategy will help the lender mitigate some impact from US’ tariff policies

A view of the Johor-Singapore Causeway. The cost divergence between Singapore and Malaysia has become a lot bigger, especially after the Covid-19 pandemic, says CIMB's Chu Kok Wei.

Timing of JS-SEZ a lot more promising than some previous attempts: CIMB

It is often not easy to really craft out a win-win proposition in a partnership, says the lender’s CEO of group wholesale banking

CIMB operates 592 retail branches and employs more than 33,000 staff across 10 markets as at end-2024.

CIMB set to appoint former Securities Commission chief Syed Zaid as chairman: sources

South-east Asia’s fifth largest lender by assets posted a net profit of RM2 billion, a 1.9 per cent increase from a year earlier.

CIMB has 592 retail branches across 10 countries, serving around 28 million customers.

Malaysia’s CIMB tilts towards Singapore and Indonesia as regional bets deliver stronger returns

The move is part of a strategic pivot towards higher-yield markets with capital optimisation

Singapore and Malaysia-based banks, including DBS Group Holdings, Oversea-Chinese Banking Corp, Malayan Banking and CIMB Group Holdings, say they remain committed to the Net-Zero Banking Alliance (NZBA).

Asia banks stick with net-zero group that Wall Street abandoned

SEVERAL large Asian banks have joined their European peers in offering support to the industry’s biggest climate alliance, after a wave of exits by Wall Street and Canadian lenders.