Cuts are also expected to take place in Thailand as well as the bank wants to focus on wealth management in that country. CIMB has shut Q2 branches nationwide over two months ago , with another closure planned in the near future, to reduce operational costs and focus on digital banking. Despite a 36% CIMB net profit surge in 22 , staff around the region have been laid off and the bank is said to be facing challenging times.
CIMB has shut Q2 branches nationwide over two months ago , with another closure planned in the near future, to reduce operational costs and focus on digital banking. Despite a 36% CIMB net profit surge in 22 , staff around the region have been laid off and the bank is said to be facing challenging times.