Malaysia-China Guangzhou Development Bank
Malaysia-China Guangzhou Development Bank (MCGDB) is a joint venture between the China Guangzhou Urban Construction Investment & Development Group and Malaysias CIMB Group, a banking and financial services provider. Established in China in 2016, MCGDB offers a full range of banking and financial services, including corporate finance, retail banking, business banking, private banking, investment banking and asset management.
The Bank is committed to serving the China-Malaysia corridor and the Chinese-Malaysian communities. As part of this commitment, the Bank provides an array of services and products to encourage more investment and development activities in the Malaysia-China economic corridor. This includes business and corporate banking services as well as high-net-worth banking services for private clients.
The Bank also provides a variety of banking products and services for SMEs, including working capital loans, trade finance, and credit facilities. With the Bank’s assistance, SMEs can now better manage the day-to-day operations of their businesses, access capital and finance international trade activities more easily. Furthermore, the Bank provides free global payments and remittance services to its SME customers to help them reach international markets.
The Bank understands the need of international travelers to access cash, and thus has teamed up with major international payments networks such as Visa, MasterCard and UnionPay to offer deposits and withdrawals in both foreign and local currencies. Additionally, the Bank has developed a suite of easy to use mobile apps for customers to access their accounts, transfer funds and pay bills, giving them greater control and access over their finances when traveling.
MCGDB is dedicated to helping businesses and individuals in the Malaysia-China economic corridor to grow, develop and thrive. With a range of financial products and services and state-of-the-art digital tools, the Bank provides customers with the tools they need to achieve their local and international business goals.
