KUALA LUMPUR, April 7 (Bernama) — CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) have targeted at least RM12 billion for the B40’s access to facilities such as home, auto, ASB and personal financing for the period 2019 – 2020. In fact, the B40 segment has made up a significant percentage of CIMB Bank and CIMB Islamic’s retail customers since 2016.
A prime example of CIMB Bank and CIMB Islamic’s commitment to assist the B40 segment is through their lowest-in-market financing rate of 2.9% p.a., under Bank Negara Malaysia’s (BNM) Fund for Affordable Homes, a RM1billion-fund to help the B40’s purchase their first residential property.