Kuala Lumpur, 11 March 2018 — CIMB Group (“the Group” or “CIMB”) announced its next five-year blueprint on 8 March 2019 – “Forward23” – to speed up growth and future-proof its business. On the back of strong and stable foundations following the success of T18, the Group has started on its next transformational growth phase under Forward23, ready to capture the chances of the evolving banking landscape. To mirror its strong commitment towards value creation for its stakeholders, CIMB creates a new vision that wishes to advance customers and society with the objective of sharpening its focus on customers, innovation and sustainable practices.
In line with the Forward23 blueprint, the Group remains to target ASEAN as their geographical focus which given a stronger network and footprint that the Group had developed over the last decade. The Group has also identified five strategic pivots under Forward23 namely, Customer-centricity, Technology & Data, People, Ventures and Partnerships, and Sustainability.
Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group commented, “As an ASEAN MNC in a highly competitive industry, we need to be foundationally strong and nimble to compete effectively in the fast-evolving banking landscape. Forward23 is our plan to proactively disrupt ourselves in order to drive transformational growth, by developing new or improving existing capabilities. The success of T18 had proven CIMB’s strong execution capability and I am confident that #teamCIMB will once again be able to deliver on our Forward23 targets, and continuously generate sustainable value for our stakeholders.”
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