Fonacier, and CIMB
Group Chairman, Datuk Mohd Nasir Ahmad.
'We are extremely pleased to begin serving customers in the Philippines,' CIMB
CEO of Group Ventures and Partnerships Effendy Shahul Hamid said.
"We're also fortunate to be able to announce the formalization of our investment banking joint venture, CIMB
Bancom, that will look to deliver value added advisory and cross-border capital market services to Philippine corporates looking to expand and grow across ASEAN, as well as capitalize on CIMB
's strong presence in the region to originate inbound deals to the Philippines," Effendy said.
The firm said that its wholly-owned subsidiary, CIMB
Group Sdn Bhd, had received approval from the Securities and Exchange Commission of the Philippines to set up an investment banking unit.
PLUS said it was looking forward to making its case in arbitration proceeding after CIMB
filed a suit claiming PLUS violated an almost-two decade joint venture agreement (JVA) regarding toll payment collection.
Niaga JCB Precious Card is an initiative by CIMB
Niaga to provide a diversified and innovative credit card product especially for the women's market.
Apart from cash prizes of more than $120,000 for the Asean-wide competition, the regional winners will also gain invaluable exposure through a trip to Silicon Valley, as well as the opportunity to join CIMB
upon their graduation.
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;
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.