CIBC pushes forward

Canadian Imperial Bank of Commerce is out to win new customers amid a period of internal culture change under Victor Dodig, who took over as chief executive last year.

An article in the Globe and Mail says that the bank, once the second-largest lender in Canada, has faced some struggles but that it is now powering forward. Having worked on creating internal harmony, the bank is set to push for more business.

Its mortgage portfolio grew in the third quarter of 2015 to $159 billion with its CIBC-branded home loans increasing by 15%.

Head of retail banking David Williamson has expressed the bank's intention to continue the roll-out of mobile mortgage advisors and expand the product range that they can offer.
 

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