KUALA LUMPUR, June 18 (Bernama) -- CIMB Bank Berhad (“CIMB" or "the Bank”) today announced its enhanced paternity leave benefits to enable fathers to spend more time with their firstborn, and share parental responsibilities in welcoming their new baby into the world. This is in tandem with CIMB's efforts to continuously improve employee welfare through gender-balanced policies.
 
CIMB Group's Chief People Officer, Dato' Hamidah Naziadin said, “The experience of welcoming a child into the family is both joyful and overwhelming, particularly for new parents. These enhanced paternity benefits enable our eligible staff to play a more supportive parental role and establish a stronger bond with their firstborn. This is yet another initiative to show how CIMB values its employees by ensuring that they are supported in achieving a work-life balance, reflecting our overall effort to embrace global best practices on human resource management."
 
Under the new enhanced policy, CIMB’s paid paternity leave will be increased from three consecutive working days to one month (30 consecutive calendar days) for fathers welcoming their firstborn. The new policy, which takes effect on 18 June 2017, complements the Bank's existing Staff Rejuvenation Programme, which allows staff to take up to six months unpaid leave for personal reasons - including extended maternity/paternity leave - and maintain their current position or seniority at the Bank.
 
To demonstrate its commitment to staff well-being, CIMB had also earlier allocated up to RM1 billion for its interest-free housing loans for the first five years of loan tenure, together with a raft of other benefits, to help its lower income staff manage their monthly obligations. 

About CIMB Group 
 
CIMB Group is Malaysia’s second largest financial services provider and one of ASEAN’s leading universal banking groups. It offers consumer banking, investment banking, Islamic banking, asset management and insurance products and services. Headquartered in Kuala Lumpur, the Group is now present in nine out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar and Laos). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK. 
 
CIMB Group has the most extensive retail branch network in ASEAN of over 900 branches as at 31 December 2016. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage of more than 1,000 stocks in the region. 
 
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 93.7% shareholder of CIMB Thai in Thailand. 
 
CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM40.0 billion as at 31 December 2016. The Group has around 39,000 employees located in 16 countries.
 

SOURCE : CIMB Group

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Suria Zainal
Director
Group Corporate Communications 
Group CEO’s Office
CIMB Group Holdings Berhad
Tel: +603 - 2261 0638 
Email: suriawati.zainal@cimb.com 


--BERNAMA