Bangkok--12 Sep--CIMB BANK
CIMB Group Holdings Berhad ("CIMB") wishes to announce that its subsidiary, CIMB Bank Berhad, today received the Operating License from the State Bank of Vietnam to establish and operate a 100%-owned subsidiary in Vietnam. This follows the receipt of the Approval-in-Principle on the 7th of August 2015.
With this approval, CIMB will embark on its plans to set up operations in the country to offer a comprehensive range of corporate, commercial and consumer products and services. CIMB's first branch in Hanoi is expected to be fully operational by the end of the year.
This announcement is dated 6 September 2016.