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4-Traders Homepage  >  Equities  >  BURSA MALAYSIA  >  CIMB Group Holdings Bhd    CIMB   MYL1023OO000

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CIMB Group Holdings Bhd : CIMB Bank launches new credit card exclusively for high net worth customers

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04/25/2012 | 11:55am CET

Kuala Lumpur: CIMB Bank recently launched their first Visa INFINITE by invitation only credit card, designed to cater to high net worth customers with benefits tailored to their lifestyle.

Offered strictly by invitation only, the card offers customers a host of benefits that include unlimited complimentary access to airport lounges in all major airports worldwide plus the highest cash rebate in the market of up to 1.5% for every Ringgit spent abroad. Customers will also be attended to by dedicated Relationship Managers who will personally see to all the cardmembers' needs and enquiries.

"We believe it is important to understand and facilitate the lifestyle of our customers as much as possible. CIMB Visa INFINITE seeks to meet the needs of customers who travel frequently for both business and pleasure," said Jean Yap, Head, Group Cards and Personal Financing, CIMB Bank.

The CIMB Visa INFINITE will also provide cardmembers with global concierge services, complimentary golf at some of the best golf courses in the region and exclusive benefits from over 800 luxury hotels worldwide.

"We are constantly looking for ways to add value to the products and services we offer to our customers. The CIMB Visa INFINITE is a good example of how we make credit cards relevant to a particular customer group's needs and lifestyle patterns while at the same time providing them with a seamless banking experience," Jean added.

To find out more about CIMB Visa INFINITE, please call CIMB Bank Card Service Centre at +603-6204 7282.

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Financials ( MYR)
Sales 2016 15 544 M
EBIT 2016 6 321 M
Net income 2016 3 653 M
Debt 2016 -
Yield 2016 3,52%
P/E ratio 2016 11,39
P/E ratio 2017 9,99
Capi. / Sales 2016 2,76x
Capi. / Sales 2017 2,65x
Capitalization 42 923 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 5,17  MYR
Spread / Average Target 6,8%
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Managers
NameTitle
Zafrul bin Tengku Abdul Aziz Group Chief Executive Officer & Executive Director
Mohamed Nazir bin Abdul Razak Chairman
Iswaraan Suppiah Group Chief Information & Operations Officer
Shahnaz Farouque bin Jammal Ahmad Chief Financial Officer
Glenn Muhammad Surya Yusuf Independent Director
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