CIBC rated Canada's Best Consumer Internet Bank and Best Online Consumer Credit Site by Global Finance magazine
Global Finance's 9th annual World's Best Internet Banks in North America competitionTORONTO, Nov. 6 /CNW/ - CIBC (CM: TSX;NYSE) is the "Best Consumer Internet Bank" in Canada and has the "Best Online Consumer Credit Site" in North America, according to Global Finance magazine in its 9th annual "World's Best Internet Banks" competition. CIBC was selected for these awards based on the strength of its strategy for attracting and serving online clients; success in getting clients to use web offerings; growth of online client base; breadth of product offerings; evidence of tangible benefits gained from Internet initiatives; and web site design and functionality. "Our clients bank online more and more because it's convenient and accessible anywhere on the globe 24/7," said Christina Kramer, Executive Vice-President, Distribution Services for CIBC Retail Markets. "This top ranking in Canada by Global Finance clearly reflects our focus and investment in providing our clients with the best online service." "In less than a decade, the Internet has transformed the way many consumers and most businesses bank," says Joseph D. Giarraputo, Publisher of Global Finance. "The continuing improvements in online offerings represented by this year's entries show that more significant Internet banking developments are still ahead of us." This is the second time this year that the quality of CIBC's public website has been recognized. In April, www.cibc.com received the highest score in an independent competitive site assessment by Forrester Research Inc of the public websites of Canada's seven largest banks and credit unions. CIBC topped Forrester's rankings for the website's strong presentation and for having a leading credit card site for shoppers. Global Finance, which celebrates its 21st year of publishing in 2008, has 50,000 subscribers and more than 284,000 readers in over 158 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers, and other financial officers responsible for making investments and strategic business decisions for large global companies and financial institutions. Global Finance also targets the 8,000 key portfolio investors who control over 80% of all assets under professional management. CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.
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For further information: Doug Maybee, Director, External Communications and Media Relations, CIBC, Tel: (416) 980-7458, firstname.lastname@example.org