Malaysian bank CIMB expands operations in Vietnam
VOV.VN - Malaysian bank CIMB has been granted approval by the State Bank of Vietnam (SBV) to increase its charter capital to a figure exceeding VND3.92 trillion.
The move comes following the SBV issuing a decision on July 15 regarding making amendments to the content of the charter capital as outlined in the license by CIMB Vietnam One Member Limited Liability Bank.
Over the past three years, CIMB has continuously moved to increase its charter capital in the Vietnamese market, with the latest rise from over VND3.69 trillion in 2021 to more than VND3.92 trillion this year.
The rise in charter capital has reflected CIMB's long-term commitments towards building a digital banking ecosystem in the country.
CIMB Vietnam officially received a license back in 2016. It has two branches in Hanoi and Ho Chi Minh City, which focus on developing a modern and creative digital banking model.
CIMB Group is one of the biggest investment banks throughout all of Asia and has made a presence in 15 nations globally.
It has over 33,000 staff working for it and provides services to over 18 million customers worldwide, including in Vietnam.
