CIMB Singapore reports growth boom

Malaysian bank CIMB has recorded robust growth since opening here four years ago and profits could well be around $66 million this year.

Chief executive of CIMB Singapore Mak Lye Mun said in a briefing on Monday that the bank here had achieved ‘tremendous growth’.

He also announced a competition that will see a customer win $1 million.

Mak said total deposits have increased from $1 billion in 2009 to $6 billion, with expectations that this will reach $8 billion by the end of this year.

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_815124.html

 

Category: Singapore