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CIMB sets new target of mobilising RM100 bln in sustainable finance by 2024

KUALA LUMPUR: CIMB Group Holdings Bhd (CIMB) is raising its sustainable finance target to RM100 billion by 2024 under its Green, Social, Sustainable Impact Products and Services (GSSIPS) Framework. Group chief executive officer Datuk Abdul Rahman Ahmad said CIMB has seen an acceleration in sustainable finance across the markets it operates in, with the growing […]

CIMB bags Euromoney’s Best Bank in Malaysia award

KUALA LUMPUR: CIMB Bank Bhd has been named the Best Bank in Malaysia at the Euromoney Awards for Excellence 2023, in recognition of the bank’s leading position in the local banking industry. CIMB Group chief executive officer (group consumer and digital banking) Effendy Shahul Hamid said the recognition was a testament to the bank’s unwavering […]

Banks breathe sigh of relief amid absence of prosperity tax

KUALA LUMPUR: Banking counters, which have been in a downtrend for the past two weeks, are seen to be recovering with the absence of any prosperity tax in Budget 2023. Rakuten Trade Sdn Bhd’s vice-president of equity research, Thong Pak Leng, said there were concerns about a possible windfall tax imposed on the sector before […]

Thugs extort man for trying to leave dodgy job

KUCHING: A man was threatened after attempting to quit his job, which he believed involved illegal activities, according to Sarawak Democratic Action Party (DAP) chairman Chong Chieng Jen. Speaking at a press conference held in front of the police station in Padungan here on Tuesday (Oct 25), Chong revealed that he accompanied the 21-year-old man, […]

CIMB launches GreenBizReady, a one-stop sustainability solution for SMEs

KUALA LUMPUR: CIMB Group has allocated RM250 million in its-newly launched CIMB GreenBizReady to help Malaysian small and medium enterprises (SMEs) to start and progress on their sustainability journey. SMEs will be empowered through financial solutions and incentives such as sustainability-linked financing benefits, access to sustainability service providers, training and capacity building, certification and advisory […]

CIMB to extend support to hardest hit sectors

KUALA LUMPUR: CIMB Group Holdings Bhd will engage with borrowers from the hardest hit sectors to extend support and restructure terms, where necessary, said group chief executive officer Datuk Abdul Rahman Ahmad. In a statement, Abdul Rahman said as the moratorium period is ending, the focus for CIMB, as with other financial institutions, will move […]

Customer’s direct debit is legitimate debit card transaction

KUALA LUMPUR: CIMB Bank has reassured customers that ‘direct debit’ transactions in their account are legitimate debit card transactions. This is in response to several customers who raised concerns on Twitter that certain transactions were labelled as ‘Direct Debit’ on CIMB Clicks mobile app or website. A CIMB spokesperson, when contacted today, said: “We would like […]