According to reports, CIMB Group Holdings Bhd has recently announced that it is eyeing a growth of 15% in its retail deposits in 2010 as compared to 11 percent in the last year (2009).

The statement was issued by CIMB Bank head of retail banking, Peter England.

Mr. Peter said that in the period of January to August of 2010, the bank’s retail deposits increased by RM2.5 billion.

At present, its total deposits remained at RM38 billion.

While talking to media at the launch of the campaign, Mr. Peter said, “The bank expects the deposits to grow by another RM3 billion during the '2 Good 2 Be True' deposit campaign.”

Meanwhile, the campaign will take place from September 20 to December 31 of this year.

On the other hand, England said the campaign provided new and present CIMB Bank and CIMB Islamic individual investors above the age of 18 to win prizes of around RM2.4 million in total through weekly, monthly as well as grand draws.

He said, “With every incremental deposit of RM500 in savings and current accounts during the campaign period, the new customers will get one entry while existing customers will be entitled to two entries.”

As per Peter, every incremental investment of RM5, 000 in the fixed investment will allow users to one entry.