SINGAPORE: CIMB Group
Holdings Bhd is making a push into digital banking in South-East Asia, starting with Vietnam, as Malaysia’s second biggest bank by assets seeks to expand in the region without swelling costs.
The Kuala Lumpur-based lender will launch its first fully digital bank in Vietnam in January, followed by Philippines, where it has received a licence, chief executive officer Tengku Datuk Seri Zafrul Abdul Aziz said in an interview in Jakarta yesterday. Both markets are new to CIMB.
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