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CIMB still eyes Thai, Indonesian listings

Published: 2013/02/26
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KUALA LUMPUR: CIMB Group chief executive officer Datuk Seri Nazir Razak said the group is still keen on multiple listing in Thailand and Indonesia.

"But (such plans) are dependent on the regulations in the respective country," he said, adding that the group has never said it had lost interest to be listed there.

CIMB had expressed its interest for such listings as far as two years ago as it aimed to elevate its profile as a regional player.

It even received Bank Negara and the Securities Commission's nod to pursue listing in Thailand.


The group's banking operations in Indonesia reported a net profit of 4.23 trillion rupiah last year, a 33.4 per cent growth from 2011's figures with a net return-on-equity of 20.9 per cent.

CIMB Niaga's gross loans grew 15.7 per cent for 2012 driven by the business banking and retail segments.

As for CIMB Thai, its net profit grew 20.1 per cent to 1.58 billion baht from 1.32 billion baht in 2011.





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