KUALA LUMPUR (Nov 1): CIMB Group Holdings Bhd has bagged 20 awards in treasury solutions from three key industry awards, namely the Asia Risk Awards 2022, The Asset Triple A Islamic Finance Awards 2022, and The Asset Triple A Private Capital Awards 2022.

In a statement, CIMB said the group won Malaysia House of the Year along with Indonesia House of the Year and Thailand House of the Year at the Asia Risk Awards 2022.

At The Asset Triple A Islamic Finance Awards 2022, CIMB Islamic Bank was named the winner of Best Structured Product — Rates (Malaysia) and Best Bank for Investment Solutions.

The group's Malaysian business also won six categories of awards at The Asset Triple A Private Capital Awards 2022 in terms of Best Bank for Investment Solutions, Best Bank for Investment Solutions in Rates, Credit, FX, and Commodities, as well as Best Structured Investment and Financing Solutions in Rates.

Likewise in Thailand, it took home six awards: the Best Bank for Investment Solutions, Best Bank for Investment Solutions in Multi-Asset, in Equity, in Rates, and in FX, and the Best Structured Investment and Financing Solutions in Multi-Asset.

In Indonesia, it bagged three awards: The Best Bank for Investment Solutions in terms of Rates and FX, and also the Best Structured Investment and Financing Solutions for FX.

"We are deeply honoured to receive these awards, which attest to our depth of industry expertise and commitment to excellence in meeting our clients' wide range of requirements, through both conventional and shariah-compliant treasury solutions," said Chu Kok Wei, CIMB Group's co-chief executive officer of group wholesale banking.

"Backed by our strong risk management culture, we will continue to innovate through our multi-asset capabilities to drive the market's growth and development across the region. We would like to thank our clients for their unwavering support and look forward to continuing providing tailored solutions to meet their diverse needs through our established Treasury and Markets business," Chu added.

The Asia Risk Awards, hosted by Risk.net, are considered the longest-running awards for firms and individuals involved in Asia's derivative markets and risk management. As for The Asset Triple A Awards hosted by The Asset, they were adjudicated by The Asset's board of editors using in-depth conversations and data analytics from the Asset Benchmark Research.

Meanwhile, CIMB shared that it has, over the past year, successfully executed various landmark environmental, social and governance (ESG) and shariah-compliant transactions.

"In 2021, CIMB Bank entered into a RM2.45 billion sustainability-linked derivative (SLD) transaction which was the world's first Malaysian ringgit-denominated SLD and, as at its transaction date, Asia's largest ESG-linked derivative transaction by notional value. In 2022, CIMB Islamic entered into a RM1 billion Sustainable Collateralised Commodity Murabahah transaction, where all transaction proceeds will be earmarked to eligible shariah-compliant assets/projects that fall within the boundaries of CIMB Group's SDG Bond and Sukuk Framework.

"As a pioneer in the Asean sustainable finance space, CIMB is also keen to work with clients to executive innovative treasury and derivative transactions with ESG-related pricing components or utilisation of proceeds, such as swaps, forwards and options involving cross currency, interest rate, commodity, foreign exchange as well as repurchase/repo transactions," the group added.