CIMB REPRESENTS MALAYSIA TO FOSTER CLOSER CHINA-ASEAN TIES

KUALA LUMPUR, Oct 29 (Bernama) -- As a representative bank for Malaysia, the
CIMB Group, along with other major Asean financial institutions have signed a
framework agreement with the China Development Bank Corporation (CDBC).

Following the agreement, the signatories will formalise the establishment of the
China-Asean Interbank Association (CAIBA), CIMB said in a statement here
Friday..

"CIMB is and has consistently been a strong advocate of regional
integration.

"With the establishment of this association, we will build long term relations
with other member banks as well as look into providing more extensive financial
services for cooperation between China and Asean countries," the bank's
Corporate & Investment Banking Deputy Chief Executive Officer, Charon Wardini
Mokhzani said.

CAIBA was set up to achieve a mutually-beneficial social and economic
development of China and Asean by promoting mutual trade and investment.

It can provide relevant financial services for infrastructure construction and
other projects supported by the governments of China and the Asean countries.

Initial members of CAIBA consist of renowned financial institutions which have
influence in their own countries, as well as the Southeast Asian region.

Apart from CIMB Group and CDBC, the other members include Bank Islam Brunei
Darussalam Bhd, Canadia Bank PLC, PT Bank Mandiri (Persero) Tbk., Laos
Development Bank, Myanmar Foreign Trade Bank, Banco de Oro Unibank, DBS Bank
Ltd, KasikornBank Public Company Limited and Bank for Investment and Development
of Vietnam.
-- BERNAMA