CIMB has shut 22 branches nationwide over the last year , with another 22 expected in the near future , to reduce operational costs and focus on digital banking . Net profit for the three months ended June 30 totalled RM872.8 million compared with RM639.8 million in the same quarter last year. Despite a 36 % YoY net profit margin in Q2 , staff around the bank have been laid off and the bank is said to be facing tough times .
CIMB has shut 22 branches nationwide over the last year , with another 22 expected in the near future , to reduce operational costs and focus on digital banking . Despite a 36 % YoY net profit margin in Q2 , staff around the bank have been laid off and the bank is said to be facing tough times .