The degree of its internationalization is significantly high. Taking the advantage of internationalisation on Chinese currency, the bank carries out the stragtes to explore and expand its cross border businesses in order to be “Going Global”( BOC Annual Report,2013, p40). With the completing corporate finance service and centralised credit systems as well as customer manager mechanism globally, bank of China sponsored 49 export credit projects and 98 overseas merger and acquisition as well as 597 overseas ongoing operation loans( BOC Annual Report, 2013,p40). The domestic RMB-denominated corporate loans is RMB3,688.976 billion with an increase of 6.86% of 2012 and foreign currency denominated corporate loans is USD82.530 billion with an increase of 6.19% than last year ( BOC Annual Report, 2013,p40) . By implementing this “Going Global” strategy, Bank of China has successfully taken a leading position for international business among the peers in the banking industry.
Working Capital Loans In view of the client's particular needs, the Corporate Bank offers various diverse working capital financing offices including Running Finance, Cash Finance, Export Refinance, Pre-shipment and Post- shipment and so on. Tailor- made arrangements are produced keeping in view the remarkable prerequisites of your business. Term Loans MCB offers Short to Medium Term Finance to meet capital use and fleeting working capital prerequisites of our clients. The advances are organized on the premise of hidden venture qualities and money streams of the business. Exchange Finance Services Under Corporate Banking MCB offers exchange fund benefits that incorporate a whole scope of import and fare exercises including issuing Letters of Credit (L/Cs), acquiring fare reports, giving sureties and other help administrations.
1. The first issue that faced by CIMB Bank in the global market is a decline in the value of a country’s currency that influences on business. This currency crisis affects the country’s economy because of the contraction in Gross Domestic Product (GDP) growth. When the GDP’s country fall, the country’s output also is falling. The people will suffer the effect of currency crisis such as they have low wages and unsafe working conditions because business wants to lower costs.
SWOT Analysis Opportunities The Canadian Imperial Bank is placed extremely well with a significant and assured customer base from the level of the government and the public sector business. Many government parties will do business with CIBC because they know that the profits of the Bank belong to the people of the country and are used for the country’s development. Business with the bank is seen to create value and opportunity within the communities economy. The availability of modern telecommunication systems and technology will facilitate the improvement and strengthening of the Bank’s international business and ATM services, and the development of new services, such as telephone banking. The increased access to computers by customers will allow the bank to reach more target groups through electronic communication.
(Zukri Samat, nd). Islamic Bank has offered an alternative to conventional banking products and services, such as providing various credit facilities, trade finance, deposit taking, providing secure and maintain facilities and funds transfer based on Shariah or Islamic principles. For a 10 years period of time, Bank Islam Malaysia Berhad (BIMB) can operate without competition. This means that the Islamic bank is a bank that is allowed to offer Islamic banking products. (Ruzina Markon, 2009).
In Malaysia, first Islamic bank was introduce is Bank Islam Malaysia Berhad (BIMB) in July 1983 before the government allowed other conventional banks to offer Islamic banking service using their existing infrastructure and branches in 1993. Currently, the international and domestic environments in which Islamic Banks operate are going to become even more challenging. Hence, due to this situation, it is important for Islamic banking institutions to strengthen their business performance in order to face with the strong competition from domestic and foreign banks. Thus, the performance of these banks can be measured through profitability which is influenced by various factors. Therefore, this research is conducted to study the factors which determine profitability of islamic banking institutions in Malaysia, where special focus is given on bank-specific characteristic and macroeconomic characteristics.
PART I: GROUP EFFORT Introduction The bank that we choose is CIMB bank, the second largest bank at commercial bank nationwide in Malaysia. CIMB bank’s roots can be traced back nearly 90s, from a small commercial bank turn into a regional banking powerhouse in Malaysia and also a bank that leads in the ASEAN universal banking groups. The total assets of CIMB bank now is RM506.2 billion, the total shareholder’s funds is RM46.8 billion, the total funds under management is RM75.9 billion, the staff strength around 39,000 and global markets is 15. Therefore, the mission of the CIMB bank is to lead to ASEAN companies and the vision is provide universal banking service such as high performing, institutionalized and integrated company that located
Return on asset % decreased in 2014 from 2013 and increased by very less margin i.e. 0.02% in 2015. Return on equity % decreased in the year 2014 and again increased in 2015 . 3)As an investor having made the analysis of financial position of both the companies, which company would you invest in when it comes to portfolios. According to financials, Citigroup is the third-largest U.S. bank by assets, reporting a 4 percent jump in the first quarter profit advanced 4.2 percent to $47.62 that beat analysts' expectation which helped by lower loan loss reserves.
Introduction IBM India is known globally for its services in Information Technology. Whereas most of the IT Company outsources for IT services, IBM has been there to offer IT solutions to the IT companies and other types of companies that are in need of IT services. In 2009, IBM India saw the expanding Japanese IT market. Just like many other IT companies in the world, it decided to seize the opportunity in order to increase the market for its IT services (Chatterje and Chaudhuri 2009, p1). It, therefore, strategically decided to outsource the Information Technology market in other countries.
INTRODUCTION 1.1 INTRODUCTION TO THE ORGANIZATION IBM - Profile IBM is a globally integrated technology and consulting company headquartered in Armonk, New York. With operations in more than 170 countries, IBM attracts and retains some of the world's most talented people to help solve problems and provide an edge for businesses, governments and non-profits. International Business Machines, abbreviated IBM and nicknamed "Big Blue" is a global technology and innovation company. It is the largest technology and consulting employer in the world, with more than 400,000 employees serving clients in 170 countries. IBM offers a wide range of technology and consulting services; a broad portfolio of middleware for collaboration, predictive analytics,