World Finance magazine award recognizes CIBC's very strong
client-focused methodology and commitment to client relationship
TORONTO, July 26, 2012 /CNW/ - CIBC (TSX: CM) (NYSE: CM) has been named
the Best Commercial Bank in Canada by leading international finance
magazine World Finance.
World Finance cited CIBC's very strong client-focus, investment in infrastructure and
strong management focus on strategic priorities in challenging market
conditions in awarding the honour.
"We are thrilled at the recognition which is a clear endorsement of
CIBC's focus on delivering exceptional client and shareholder value,"
said Jon Hountalas, CIBC's Executive Vice-President of Business
Banking. "We've made a significant investment in our people, in our
technology, in our products and in our infrastructure in order to
ensure we continue to enhance the experience for our clients and meet
their needs as the market environment continues to evolve."
The World Finance Magazine Awards celebrate achievement, innovation and brilliance, recognizing industry
leaders, eminent individuals, exemplary teams and distinguished
organizations that represent the benchmark of achievement and best
practice in a variety of fields.
In addition to this recognition of CIBC's Commercial Banking strength,
over the past year CIBC has received a number of other awards and
recognition, including being named Strongest Bank in Canada and third
in the world by Bloomberg magazine, one of the 25 Best Canadian Brands
by Interbrand, one of Canada's 10 Most Admired Corporate Cultures by
Waterstone Human Capital, and one of the 50 Most Socially Responsible
Corporations in Canada by Maclean's magazine and Sustainalytics to name
CIBC is a leading Canadian-based global financial institution. Through
our Retail and Business Banking, Wealth Management and Wholesale
Banking businesses, CIBC provides a full range of financial products
and services to almost 11 million individual, small business,
commercial, corporate and institutional clients in Canada and around
the world. CIBC Wealth Management provides a comprehensive suite of
wealth-building services through an extensive distribution network and
industry-leading investment solutions.
About World Finance
World Finance enjoys a distribution network that includes some of the
most prominent decision makers worldwide. Both the magazine and the
website are committed to the very highest standards of journalism and
have built up a coveted reputation for excellence. World Finance
provides readers with regularly updated news collected from trusted
media organizations such as The Telegraph and The Economist.
You can find other news releases and information about CIBC in our Press
Centre on our corporate website at www.cibc.com.
For further information:
Media contact: Sean Hamilton, Director, CIBC External Communications, 416-304-8456