Monday 25 March
Dec 16, 2018 @ 12:05

Malaysia’s CIMB Bank starts Manila operations

 

It took a year before the lender completed its foray here.

Malaysia’s CIMB Bank has officially entered the Philippine market just this December.

In a letter, Bangko Sentral ng Pilipinas Deputy Governor Chuchi Fonacier announced that the foreign bank started commercial operations on Dec. 3, 2018.

This is a year after the Monetary Board approved the bank’s request to open a branch here back in November 2017.

The BSP then gave a banking license to CIMB on Oct. 25 after completing its registration with the Securities and Exchange Commission.

Please follow and like us:

Tags: , , ,

Related Stories
By Agence France-Presse Britain's Serious Fraud Office on Friday dropped major investigations into engineering firm
Spanish energy giant Repsol announced Tuesday it had made a substantial natural gas discovery in
The two resigned following a massive backlash from their plan to relocate a Hindu temple.
The head of Goldman Sachs on Wednesday apologized to Malaysia for a Goldman partner's role


 

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.