Friday 19 October
Powered by Ajaxy
Nov 26, 2017 @ 14:37

Malaysia’s CIMB Bank to open Manila branch by end-2018

 

The expansion plan in Southeast Asia is complete.

Malaysia’s CIMB Bank Berhad has secured the approval from the Bangko Sentral ng Pilipinas to operate a branch in Manila, its parent firm CIMB Group said in a disclosure.

The bank made the formal announcement on Nov. 16, and expects the first retail branch in the Philippines to be “fully operational” within the fourth quarter of 2018.

This step completes CIMB’s aggressive expansion across the Association of Southeast Asian Nations (ASEAN).

“The awaited missing link to complete CIMB’s ASEAN-10 footprint has now materialized. This will further propel CIMB into becoming the leading ASEAN universal bank, which will further strengthen our value proposition to customers,” CIMB Group chief executive Tengku Dato’ Sri Zafrul Aziz said in the statement.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Singapore Airlines said Friday it has stopped accepting lion bones for cargo after the carrier
AgriNurture Inc. (ANI) has signed an exclusive deal with Vietnam Southern Food Corp. (Vinafood II)
Tech billionaire and JD.com founder Richard Liu has returned to China, the company said Monday,
Grab Philippines has asked the Land Transportation Franchising and Regulatory Board to increase the supply


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.