• Fri
  • Dec 19, 2014
  • Updated: 8:38am

CIMB

CIMB Group is a Malaysian banking group whose activities span retail, commercial and investment banking. The group is based in Kuala Lumpur. 

Philippine foray still tempting for CIMB

CIMB has completed 23 takeovers worth a combined US$4.3 billion in the past decade. Photo: Reuters

Malaysia's CIMB Group, the country's second-largest lender by assets, may be able to revive its attempted entry into Asia's fastest-growing banking market by targeting Philippine National Bank (PNB).

Monday, 23 September, 2013, 4:17am

CIMB puts China at heart of growth push

Although Malaysian-based CIMB is looking northwards, it retains a strong network in regional markets, including Indonesia. Photo: AFP

Regional banking group CIMB, which acquired key Asian assets of Royal Bank of Scotland last year, is targeting China for rapid business expansion outside its home market in Malaysia.

19 Aug 2013 - 8:18am

Malaysian bank uses RBS assets to grow in Asia

Nazir Razak

CIMB Group is keen to use its recent acquisition of some Asian assets from Royal Bank of Scotland (RBS) to help it expand rapidly outside its home market, focusing on Southeast Asia and China.

27 Nov 2012 - 3:14am

RBS sells Asia-Pacific businesses to CIMB

Royal Bank of Scotland has signed the final deal to sell most of its equity capital market business in the Asia-Pacific region to Malaysia's CIMB.

RBS said yesterday it had agreed to exit its regional cash equities, corporate broking, equity capital markets, and mergers and acquisitions businesses as part of its plan to restructure its wholesale banking operations.

3 Apr 2012 - 12:00am

Property nous in demand

Real estate investment and capital management Mapletree Investment

Mapletree is best known in Hong Kong for its recent acquisition of Festival Walk from Swire Properties. The leading Asia-focused real estate development, investment and capital management company owns and manages a diverse portfolio of assets in Singapore and across Asia.

5 Nov 2011 - 12:00am

Market Calls

The mainland property sector lurches between two extremes: euphoric price rises and crushing anti-bubble actions by regulators. Even when it is riding high the industry is ever wary of the next clampdown on its credit, restrictions on new mortgages, or a vast state-led increase in land supply.

23 May 2011 - 12:00am

China Resources posts 34.7pc fall in net profit

China Resources Enterprise, a consumer-focused conglomerate, reported a 34.74 per cent fall in net profit for the first quarter, hit by the slowing economy and deflation in the country.

The decline, although in line with analysts' expectations, sent its stock slipping as much as 4.42 per cent yesterday before closing down 2.46 per cent at HK$15.86.

23 May 2009 - 12:00am

CR Snow buys 3 plants to boost beer capacity

China Resources Snow Breweries, a joint venture between red chip China Resources Enterprise and London-listed SABMiller, will pay 749 million yuan (HK$850.19 million) for three mainland breweries to strengthen its foothold on existing markets.

27 Feb 2009 - 12:00am

Company profile - China Construction Bank

China Construction Bank's principal activities are the provision of corporate and personal banking services, conducting treasury business and corresponding banking business, and the provision of asset management and trustee services.

2 Jun 2008 - 12:00am

Overseas firms show interest in FerroChina

FerroChina, a Singapore-listed mainland coiled-steel maker, has attracted interest from Australia's BlueScope Steel and Russian firms including Evraz Group over selling an about 20 per cent stake with a current market value of US$167 million.

2 May 2008 - 12:00am

Khazanah Nasional to sell Parkson stake

Khazanah Nasional, the investment arm of the Malaysian government, plans to sell its entire stake in mainland department store operator Parkson Retail Group through a share placement and convertible bond sale, sources familiar with the situation said.

6 Mar 2008 - 12:00am

Set-top box spin-off to aid Skyworth fund needs

Skyworth Digital Holdings, the mainland's second-largest television maker, said the proposed spin-off of its set-top box unit for a separate listing would help the company meet financing needs to run the business.

Capital is needed because most of Skyworth's set-top boxes are sold through cable operators to new subscribers at negligible cost.

20 Dec 2007 - 12:00am

Company profile - Industrial and Commercial Bank of China

Industrial and Commercial Bank of China's main activities are personal banking, corporate banking and investment banking. Under personal banking services, the group provides personal internet banking, consumer finance, property loans and credit card business.

11 Jun 2007 - 12:00am

Company profile - Bank of East Asia

Bank of East Asia's principal activities are personal banking, corporate banking, investment banking and other financial services. Under personal banking services, it provides personal internet banking, consumer finance, property loans and credit card business.

11 Jun 2007 - 12:00am

Skyworth Digital posts 42pc drop in earnings

Skyworth Digital Holdings, a leading mainland television maker, said net profit slumped 42.6 per cent for the year to March because of the lack of exceptional gains.

Net profit fell to $216 million from $376 million a year ago. Turnover edged up to $10.69 billion from $10.46 billion.

25 Jul 2006 - 12:00am

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