CIMB Group is committing to deepen collaboration in infrastructure and ESG-linked financing as well as trade settlement frameworks with member banks from the China ASEAN Interbank Association and ASEAN Plus Three Inter Bank Cooperation Mechanism, according to a press release.
The move comes during the meetings at CAIBA and APTIBCM, which featured in-depth exchanges and discussions on areas that ranged from economic cooperation to cross-border collaboration in financing, payments and treasury that will accelerate the growth of trade, commerce, and cross-border investments.
According to the news release, the discussions were grouped under three prominent themes of ASEAN Economic Cooperations and Cross-Border Collaboration, Sustainable Development and ESG, and Digital Transformation and Artificial Intelligence.
CAIBA member banks comprise CIMB Group, China Development Bank, and one representative member bank from each ASEAN country. APTIBCM member banks are from CAIBA with the inclusion of Japan Bank for International Cooperation, and Korea Development Bank.
