CIMB looks at growing stockbroking business

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CGS-CIMB Securities is the stockbroking operations of CIMB and CGS, one of China’s largest stockbrokers.

“We value our current partnership with CGS where we continue to own a residual 25% stake," said Abdul Rahman.and China Galaxy Securities Co Ltd for the stockbroking business may not be ending after all.

CIMB, which is Malaysia’s second-largest banking group by assets, unveiled its financial results for financial year 2022 yesterday. In FY22, CIMB’s NIM expanded by six basis points to 2.51%, driven by the interest rate hikes in Malaysia and Singapore.

 

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