, Malaysia

Malaysia's CIMB acquires 19.99% of Chinese bank

CIMB created a strategic link to China with its acquisition of 19.99 percent stake in Bank of Yingkou.

The CIMB Group, Malaysia’s second largest financial services provider and one of Southeast Asia’s leading universal banking groups, had announced its intention to purchase the 19.99 percent stake for US$95,627,142 cash as early as March last year. With the deal, CIMB also became the single largest shareholder in the largest commercial bank in Yingkou City, China.

"We believe that for a major Southeast Asian banking franchise, having a strategic link to China is an imperative for us. The global financial crisis has accelerated the time-frame for China’s emergence as the world’s largest economy making this move even timelier," said Dato' Sri Nazir Razak, CIMB Group's Chief Executive.

"We are delighted to have finally sealed this acquisition, obtaining all approvals and completing the necessary legal and financial reviews. Bank of Yingkou, a dynamic medium-sized bank in a high-growth region, is the right platform for our entry into China," Nazir added.

Following the deal, the CIMB Group will send management professionals to Bank of Yingkou and also begin to offer assistance to the Group's customers from the region who are seeking business opportunities in China, particularly in the Liaoning Province.

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.