CIMB and China Merchants Bank in a Strategic Partnership to Scale Cross-Border Investment and Trade Across China-Malaysia-ASEAN

KUALA LUMPUR, May 28 (Bernama) -- CIMB Bank Berhad (“CIMB Bank” or “CIMB”) has recently signed a Letter of Intent (“LOI”) with China Merchants Bank Co., Ltd. (“China Merchants Bank”) to establish a comprehensive framework that will leverage the strengths of both banks for a wide range of cross-border client solutions. In line with CIMB’s Forward30 strategy, the collaboration supports the expansion of end-to-end banking services between China, Malaysia and ASEAN.

The signing of the collaborative agreement between CIMB and China Merchants Bank will allow clients to access a comprehensive range of cross-border solutions, benefitting from a broad menu of banking services covering trade, payments, and cross-border financing to support their operations and expansion across markets.