Local Banking Achievement Award for Asia 2010: CIMB

  • 10 Oct 2010
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CIMB announced at the end of August a 34% increase in April-June net profit at 889 million ringgit ($283 million). Like many banks, the increase is down by lower loan loss provisions. But where it differs is in the strong performance in its Indonesian unit, with net profit in the first half of this year at 1.13 trillion rupiah ($126 million).

The profit validates CIMB’s successful bid to increase its presence in the country this July when it received regulatory approval to grab a further 19.67% stake in its Indonesian unit, known as CIMB Niaga, from Khazanah Nasional. The acquisition from the Malaysian government’s investment holding company gives CIMB effective majority control of the banking unit in an economy that the IMF predicts will grow 6% this year.

CIMB group’s healthy profitability this year is not an inevitable consequence of south-east Asia’s awe-inspiring growth. Instead, the bank’s executives, led by Nazir Razak, have transformed the institution over the past 20 years, from a middle-tier investment bank in Malaysia to a well-managed universal financial institution.

Underscoring its growing global presence, CIMB has, over the past year, established an asset management business in Brunei and has beefed up its Islamic investment banking capabilities in Bahrain. This year’s steadfast move into Middle East markets also represents growing cross-border liquidity flows between Asia and the Gulf.

  • 10 Oct 2010

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 317,691.74 1201 8.90%
2 JPMorgan 291,227.96 1326 8.16%
3 Bank of America Merrill Lynch 285,088.11 991 7.99%
4 Goldman Sachs 217,749.25 714 6.10%
5 Barclays 209,291.80 811 5.87%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,320.82 147 6.67%
2 Deutsche Bank 32,259.50 104 6.66%
3 Bank of America Merrill Lynch 28,890.43 85 5.96%
4 BNP Paribas 25,663.29 144 5.30%
5 Credit Agricole CIB 22,617.86 130 4.67%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18,160.85 71 9.15%
2 Morgan Stanley 15,215.44 76 7.67%
3 UBS 14,195.29 55 7.15%
4 Citi 14,014.57 86 7.06%
5 Goldman Sachs 12,113.98 67 6.10%