would establish itself as a 'digital-only bank' in the country and would gain access to prospective Filipino clients seeking loan products that best suit their needs.
Bank Philippines Inc has entered into partnership agreements with CIS Bayad Centre, Inc and FINTQnologies Corp.
The agreements will increase Principal's stake to 60 percent with CIMB
retaining 40 percent ownership in both entities.
By increasing our ownership stake in the CIMB
-Principal joint ventures, we will be better able to bring our global asset management expertise and experience to bear while still leveraging the multi-channel distribution power of CIMB
to continue to serve our customers.
Highly placed BSP sources identified CIMB
as the listed Malaysian bank reportedly eyeing to establish presence in the Philippines.
RAM Ratings has reaffirmed the AAA/Stable/P1 financial institution ratings of CIMB
Bank Berhad (the Bank).
Han said CIMB
has a wide range of business interests in the region, in Egypt specifically and is working closely with Cairo-based research partner firm, Sigma Capital.
Moody's Investors Service has affirmed RHB Bank Berhad's A3 deposit and debt ratings, and the bank's D+ bank financial strength rating, and changed the issuer outlook on the A3 ratings to stable from positive, following the announcement that RHB Capital Berhad (unrated; parent to RHB Bank), CIMB
Group Holdings Berhad (CIMB
Group; A3 stable) and Malaysia Building Society Berhad (MBSB;
22 October 2013 -- US money transfer firm MoneyGram (NASDAQ: MGI) and Singapore-based financial services firm CIMB
Bank Singapore said they have reached an agreement to offer international money transfer services at the CIMB
Bank Currency Exchange outlets at Resorts World Sentosa and the Marina Bay Cruise Centre.
JCB and CIMB
Niaga are due to launch the merchant acquiring business in July 2013 and are ready to accept JCB card as means of payment, starting with Jakarta and Bali as the first area to be focused.
Under the agreement signed in January, Sun Life and Khazanah each took 49% in CIMB
-Aviva from the JV partners, with CIMB
keeping 2% in the venture which it set up with Aviva in 2007.
Islamic have scooped up three awards at the Islamic Business & Finance awards over the years, including Best Retail Bank, Best Investment Bank and Best Commercial Bank.