Canadian Imperial Bank of Commerce (CIBC), a leading Canadian financial institution, offers service in Punjabi, Hindi, Telugu, Marathi, Gujarati, Bengali, Urdu and Tamil in many of its over 1,100 branches.
CIBC, whose history goes back to 1867, was ranked fourth among the world’s strongest banks by Bloomberg Markets magazine. With about 11 million banking and business clients and market capitalization of $30.7 billion, it has offices across Canada, USA and around the world.
Hindu statesman Rajan Zed, in a statement in Nevada (USA) today, commended CIBC for providing services in various languages of India and backing various Indian cultural a and religious festivals/events, saying that “it was a step in the right direction”.
Rajan Zed, who is President of Universal Society of Hinduism, further said that in view of increasing diversity, other Canadian financial institutions should also offer services in various immigrant languages.
To help newcomers to Canada establish their first Canadian banking relationship, CIBC, headquartered in Toronto, offers a “Newcomers to Canada Plan”. With a focus on youth, education and health, CIBC claims to have invested about $34 million in communities across Canada in 2010. Charles Sirois is Chair of its Board while Gerald T. McCaughey is President.