CIMB continues to look for opportunities in Philippines

Vaniceseasonal's Blog

Thanks;Cheryl Poo
Publication Date : 18-07-2013

Since walking away from its plan to acquire a controlling stake in the Philippines’ Bank of Commerce from San Miguel Corp, Malaysia’s CIMB will keep looking out for opportunities there, CIMB Group Holdings Bhd group chief executive Nazir Razak said.

The brief was shared at the sidelines of the CIMB-Universiti Tunku Abdul Razak Leadership Series and Asean Hall launch – a collaboration that aims at sharing practical knowledge – where Nazir talked about CIMB’s growth from an investment bank into a leading Asean universal banking group.

Nazir also commented on the Trans-Pacific Partnership Agreement, saying that the ability to enter into new markets would be good.

“We should try for it but we must be very careful about the conditions that come with it,” he said of the negotiations event which will are being held in Kota Kinabalu, Sabah, this month.

“Malaysia has unique…

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