Friday 15 December
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.

Tags: , , , , , , ,

Related Stories
A global treaty to fight the health impact of tobacco has suffered substantial setbacks in
Domestic air travel is seen to sustain double digit growth next year despite the lack
The Board of Investments (BOI) has registered Portal Steels, Inc. as a new producer of
Nearly 20 government agencies are gearing up for an online platform for Southeast Asia.


 

Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.