KUALA LUMPUR, Feb 12 (Bernama) -- CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”) have arranged for a number of reliefs for its customers that have been affected by the current 2019-nCoV virus (“the virus”) epidemic.

CIMB’s consumer banking customers who have been impacted by the virus will be eligible for a restructuring and rescheduling of their loans to ease their burden. CIMB’s business customers who have been impacted by the virus can also approach the Bank to discuss and reschedule their payment arrangements.

Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group said, “CIMB is committed to treating our customers fairly and compassionately, particularly those affected by adversity. We would also like to reassure our customers that all cases will be given due consideration. We hope that all the measures put in place will provide some relief to those customers impacted by the virus. CIMB is also open to the possibility of extending repayment periods for customers, where necessary.”

For insurance/takaful policyholders, CIMB’s bancassurance partners* have also officially announced that they will extend their coverage under the respective existing policies** for policyholders who have been impacted by the 2019-nCoV.

* Sun Life Malaysia Assurance Berhad, Sun Life Malaysia Takaful Berhad and Berjaya Sompo Insurance.
**Subject to terms and conditions of policies

About CIMB Group

CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Korea, the US and UK.

CIMB Group has one of the most extensive retail branch networks in ASEAN with 702 branches as at 31 December 2019. The Group’s investment banking arm is one of the largest Asia Pacific-based investment banks, while it offers comprehensive research coverage around of 950 stocks in the region via its CGS-CIMB joint venture.

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 94.8% 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 RM51.1 billion as at 31 December 2019. The Group has around 35,000 employees located in 15 countries.

SOURCE: CIMB Group

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

--BERNAMA