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Malaysia Bank CIMB Gets approval For Dual Listing In Thailand

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CIMB Group Holdings Bhd has obtained Bank Negara Malaysia (BNM)’s approval for a dual listing on the Stock Exchange of Thailand (SET).

In a filing to Bursa Malaysia Monday, CIMB Investment Bank Bhd said on behalf of CIMB Group that BNM had, vide its letter dated April 5, 2010, informed that it had no objection to the proposed SET listing.

via BERNAMA – CIMB Gets Bank Negara Nod For Dual Listing In Thailand.

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Banking

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The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.

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Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.

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Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.

(more…)
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