CCIMB Group Holdings Bhd are disposing 65 properties to the Employees Provident Fund (EPF).This step is taken due to CIMB do not want a property risks as well as a way to raise money for working capital purposes of CIMB Bank.
The disposal 65 properties to EPF will be the first quarter of 2010.RM302.5 million.
CIMB Group earning records reaching a net profit of RM2.004 billion for its first nine monthsA spectacular earning before the year end.Also, as for now in nine-month period, the group’s net earnings per share stood at 56.8 sen while annualized net return on equity was 14.7 per cent.
The only disappointment was on International business, a banking portfolio which saw higher loan losses due to the effects of the global financial crisis.