KUALA LUMPUR: CIMB Bank Bhd has signed a Letter of Intent (LOI) with China Merchants Bank Co Ltd to strengthen cross-border investment, trade and banking services across China, Malaysia and ASEAN.
The collaboration aligns with CIMB’s Forward30 strategy and aims to expand end-to-end banking solutions for corporate and retail clients operating across regional markets.
Under the partnership, clients will gain access to a broad range of services including trade finance, payments, cross-border financing, cash management and settlement solutions to support regional expansion and operations.
China Merchants Bank
Both banks will also explore stronger collaboration in investment banking, advisory services and syndicated loans, covering market entry, investment structuring and regulatory requirements.
CIMB Group Wholesale Banking chief executive officer Chu Kok Wei said the partnership would strengthen regional financial connectivity by leveraging CIMB’s ASEAN footprint and China Merchants Bank’s strong presence in China.
He added that the collaboration would facilitate seamless financial flows along the China-ASEAN corridor.
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