MREM - Press Releases

Delivering personalised financial education to enhance the financial well-being of Malaysia's workforce

KUALA LUMPUR, Dec 19 (Bernama) -- CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”), in collaboration with CIMB Foundation, have partnered with Agensi Kaunseling dan Pengurusan Kredit (“AKPK”) to deliver a comprehensive financial inclusion programme (“the programme”) aimed at empowering Top Glove employees to take charge of their financial well-being.

This strategic collaboration seeks to address gaps in financial literacy by providing practical tools and resources that will enable employees to make informed financial decisions. The programme covers key areas including personal cash flow management, debt management, financial planning, protection and the prevention of financial scams. By equipping participants with these essential skills, the initiative aims to foster greater financial resilience and knowledge, contributing to the overall financial well-being of Malaysia’s workforce.

Ahmad Shahriman Mohd Shariff, Chief Executive Officer of CIMB Foundation said, “As a responsible financial institution, we are committed to advancing financial literacy and inclusion for all ages. Through simple, accessible financial education and practical tools, we strive to empower Malaysians with the right knowledge and skills needed to make informed financial decisions. Together with AKPK, we are pleased to provide personalised and tailored guidance for employees at Top Glove to navigate complex financial decisions, from managing debt to retirement planning.”

“This initiative also aligns with the government’s call on financial institutions to enhance public awareness and promote essential financial understanding across the nation. We aim to scale up our efforts to collaborate with more corporates, enhancing employee financial well-being and promoting financial literacy in the workplace. By empowering individuals to build financial resilience, we will contribute to a stronger and more inclusive economy,” he added.

Lim Cheong Guan, Managing Director of Top Glove said, “We are pleased that CIMB is spearheading this initiative with Top Glove. This will significantly benefit our staff in making well-rounded financial decisions, enhancing their financial standing and fostering long-term security for them and their families, complementing our ongoing efforts in support of holistic employee well-being. We laud CIMB for its efforts to ensure all levels of society will have access to essential financial knowledge and practical tools, which will contribute to a positive spillover effect to the growth of the country as a whole.”

CIMB has been a strong advocate for financial inclusion and literacy across all stages of life through various initiatives under CIMB Foundation. Over the years, CIMB has introduced financial educational programmes to support secondary school students in partnership with FINCO, and guide university students with fundamental financial management skills through the Be$MART programme. Since its inception, these initiatives have empowered over 21,000 youths, helping them understand the importance of financial planning and instill knowledge, habits and mindset that can contribute to better financial management in the future.

About CIMB

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM86.3 billion as at 30 September 2024. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in eight ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam, Myanmar and Philippines).

Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 592 branches and over 33,000 employees as at 30 September 2024. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

SOURCE: CIMB Group

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: anis.azharuddin@cimb.com / kelvinjude.muthu@cimb.com

--BERNAMA