Cambodia: The extraordinary journey of a resilient banker (CIMB)

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Cambodia: The extraordinary journey of a resilient banker (CIMB)

Post by CEOCambodiaNews » Thu Dec 20, 2018 4:59 am

Cambodia: The extraordinary journey of a resilient banker
By: Eric Ellis Published on: Wednesday, December 19, 2018
CIMB’s boss in Phnom Penh, Bun Yin, is the only Cambodian to run an international bank anywhere, but that’s not the only remarkable thing about him: the fact that he’s alive to do so is another.
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Few international bankers can claim to have learnt their deal-making skills during a genocide. But Bun Yin, chief executive of Malaysian-owned CIMB Cambodia, is not your average banker – and his homeland is no normal financial market. Yin, 62, is a veteran of Phnom Penh’s fast-developing banking sector, a genial man nearing the end of a 37-year career that neatly tracks Cambodia’s recovery from the terror of the Pol Pot years.

The only Cambodian to run an international bank, Yin is regarded by peers, competitors and staff as a pioneer of modern Cambodian banking, a tribute he modestly waves away. As for CIMB Cambodia, Yin tells Asiamoney that he is “quite pleased” with how business has developed since 2010, when he first joined from Campu Bank, and since 2015 when he took over as the bank’s chief executive.

Full article: https://www.euromoney.com/article/b1c9z ... tInfo=true
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Re: Cambodia: The extraordinary journey of a resilient banker

Post by Barang_doa_slae » Thu Dec 20, 2018 8:41 am

My friend and banker
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Re: Cambodia: The extraordinary journey of a resilient banker

Post by CEOCambodiaNews » Fri Jan 04, 2019 3:24 pm

CIMB on title win, PBT growth
January 4, 2019
CIMB Bank Plc, recently named ‘Cambodia’s Best International Bank’ by banking and capital market magazine Asiamoney, expects its profit before tax (PBT) to grow some 40 percent to $14 million on the back of higher loans and deposits.

“Our estimated PBT is $14 million. The figure has yet to be finalised, but this is the minimum that we expect,” said bank CEO Bun Yin.

“Profit after tax involves the deduction of 20 percent profit tax. With good governance, our growth has remained positive year-on-year since our operation here,” he told reporters at the announcement of the award.

In 2017, the bank, a subsidiary of Malaysia-listed CIMB Group Holdings Bhd, reported a 22.92 percent rise in net profit, which reached $7.83 million, due to growth in operating income and cost-effective management. Revenue rose 21.15 percent to $27.38 million compared to $22.60 million in 2016.

For 2019, the bank has budgeted growth of between 20 and 30 percent.

“The bank’s growth has been steady and sensible. On average, our loans and deposits have expanded by 32 and 30 percent per annum, respectively, to $545 million and $700 million in 2018 from $209 million and $265 million in 2014.

“Loan asset quality has been maintained with a very low non-performing loan ratio at only 0.19 percent compared to the industry’s average of 2.4 percent. Our assets have also grown more than twice to $865 million in 2018 from $353 million in 2014,” Mr Bun added.

CIMB Bank set foot in Cambodia in 2010 and now has 13 branches, nine in Phnom Penh and one each in Siem Reap, Sihanoukville, Battambang, and Kampong Cham. It serves more than 26,000 customers, offering banking products and services in consumer, commercial, and corporate and transaction banking.

The bank has built its institution with 100 percent Cambodian talent, part of its long-term goal to develop a new generation of bankers in the nation.
https://www.khmertimeskh.com/50565838/c ... bt-growth/
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Re: Cambodia: The extraordinary journey of a resilient banker

Post by CEOCambodiaNews » Mon Jan 07, 2019 8:10 pm

January 7, 2019
CIMB BANK WINS “CAMBODIA’S BEST INTERNATIONAL BANK”

CIMB Bank won the 2018 Cambodia’s Best International Bank award by Asiamoney.
For over 8 years, CIMB Bank has offered Cambodia a wide range of banking products and services in consumer, commercial and corporate & transaction banking through its 13 branches nationwide – 9 in Phnom Penh and 4 in major provinces.
Asiamoney, a respected financial magazine, judged banking institutions according to retail banking, credit card, priority banking operations, cash management, trade finance and several other factors.
https://www.khmertimeskh.com/50566299/c ... onal-bank/
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Re: Cambodia: The extraordinary journey of a resilient banker (CIMB)

Post by Barang_doa_slae » Mon Jan 07, 2019 8:25 pm

Their 100$ per annum Visa card gives Airport lounge access in all ASEAN countries and a mere but better than nothing 1% cash back.
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