Maybank plans 30 more branches by June 2009

KLANG: Malayan Banking Bhd is expanding its domestic presence aimed at enhancing its market share, particularly in Peninsula Malaysia and will open another 30 branches nationwide by June 2009, said its network support head for consumer banking, Lee Chee Ming said. The country’s largest lender by assets currently holds a 20% market share in consumer banking with about 400 branches. Lee said from the additional 30 branches, five would be “in-store” branches located in shopping centres, while the remaining 25 would be conventional branches. “The branch strategy at retail malls has seen a significant increase in our e-channel’s business, particularly automated teller machine (ATM) transactions, which are 50% higher compared with the average ATM transactions at other Maybank ATMs nationwide,” Lee said at the official opening of its fifth in-store branch at the AEON Bukit Tinggi shopping centre here yesterday. Read more

(The Edge 5-3-2008)

CIMB closes 21 branches in rationalisation

PETALING JAYA: CIMB Bank and CIMB Islamic have closed 21 branches in the country under its branch rationalisation exercise, reducing the number to 362. CIMB Bank said last Saturday the closure of the branches was the second phase of CIMB Bank’s plans to optimise its distribution network after acquiring Southern Bank Bhd in March 2006. CIMB Bank head of consumer sales and distribution Sulaiman Mohd Tahir said the group was “right-sizing our branch network” by merging, closing or relocating branches located near each other or within the same area. “In addition to promoting efficiency and reducing costs, this move frees us to set up branches in under-served areas and better meet our customer needs,” he said. Read more

(The Edge 18-2-2008)

New CIMB Bank Branch at Solaris Mont’Kiara

The CIMB group said in a statement the new branch offered a completed range of conventional and Islamic products to meet the banking needs of residents and business owners in the vicinity. Occupying 8,100 sq.ft, The Solaris Mont’Kiara branch is the first of eight CIMB will open this year.

(18-1-2008 The Star)

CIMB now in Mont'Kiara

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd now have a new branch at Solaris Mont'Kiara, a premier commercial development. The new branch of the banks was opened on Tuesday. In a statement Wednesday, CIMB Group said the new branch offered a complete range of conventional and Islamic products to meet the banking needs of residents and business owners in the vicinity. Occupying 8,100 sq ft, the full service branch will be open from Mondays to Fridays from 9.15am to 4.45pm, and offers a variety of transactions, including opening accounts, investing in structured and wealth management products and applying for loans.

(16-1-2008 The Star)