CIMB Group Stands Out In Debt Market And Islamic Financing

CIMB Group consisting of Investment Bank Berhad, Islamic Bank Berhad, and Unit Usaha Syariah PT Bank CIMB Niaga Tbk have received a deserving honour from Alpha Southeast Asia Best Financial Institution Awards and Best Islamic Finance Awards 2022 with multiple awards for the bank’s exemplary performance.

Collectively, CIMB was accorded, Best Bond House (Malaysia, 11th win in 16 years), Best Islamic Finance Sukuk House (Malaysia), Best Islamic Finance SME Bank (Malaysia and Indonesia) and Best Islamic Finance Wealth Management Bank (Indonesia). Commenting on the wins, Dato’ Abdul Rahman Ahmad, Group Chief Executive Officer said, “We are honoured to be once again recognised as a leader in banking and finance in Malaysia and Indonesia, which are two of CIMB Group’s key markets. Our continued strength in the bond markets with 11 wins over 16 years speaks strongly of the confidence of our clients, who benefit from the deep industry expertise of our leading wholesale banking franchise and strong relationships in the region.

According to Alpha Southeast Asia, CIMB was awarded as Best Bond House in Malaysia as it was the front runner for ringgit-denominated bond deals in Malaysia with the highest market share in terms of deal value, covering the Bloomberg, Dealogic and Refinitiv league tables. The publication mentioned, “From foreign currency bonds to ringgit sukuks and local currency
issues denominated in MYR, IDR or THB, CIMB leads from the front bringing its meticulous sense of innovation to the table for corporates, sovereigns and multi-laterals. Despite intense market competition in Malaysia and regionally from global banks, CIMB excels thanks in large part due to its astute understanding of market timing and key bench of highly experienced bankers stationed across the region. With a growing track record in ESG and sustainability-linked financing transactions, CIMB is likely to continue propelling forward for many more years to come.”

Commenting on CIMB as Best Islamic Finance Sukuk House, Alpha Southeast Asia said, “Its Islamic finance capabilities are second to none in the whole of Asia, dominating profitably and driven by innovation. The unrivalled sukuk house has also scored many “firsts” over the years from green sukuks, asset-backed issuances to ESG & sustainability-linked facilities. With a dominant 22.7 percent market share of sukuks in Malaysia, CIMB is an Islamic finance powerhouse unlike others when it comes to sukuks, green financing, FIGs, ABS issues as well as perpetuals and project financing.

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