World Finance magazine award recognizes CIBC's very strong client-focused methodology and commitment to client relationship performance

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 a few.

About CIBC
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.

SOURCE: CIBC