News of the closure of branches comes following a Bloomberg report in June claiming the bank is set for challenging times ahead. CIMB has shut 22 branches nationwide over the last year, with another closure planned in the near future, to reduce operational costs and focus on digital banking. The bank said it would close its remaining branches, which are located mainly in major cities such as Buenos Aires, Rosario, Santa Fe, Santiago de Chile, Mendoza, San Juan, La Plata, Mar del Plata and Mendoza.
CIMB has shut 22 branches nationwide over the last year, with another closure planned in the near future, to reduce operational costs and focus on digital banking. The bank said it would close its remaining branches, which are located mainly in major cities such as Buenos Aires, Rosario, Santa Fe, Santiago de Chile, Mendoza, San Juan, La Plata, Mar del Plata and Mendoza.