PETALING JAYA: CIMB Bank Bhd has announced enhanced paternity leave benefits to enable fathers to spend more time with their firstborn, and share parental responsibilities in welcoming their new baby into the world.

In a statement, CIMB said this was in tandem with its efforts to continuously improve employee welfare through gender-balanced policies.

Under the new enhanced policy, CIMB’s paid paternity leave will be increased from three consecutive working days to one month (30 consecutive calendar days) for fathers welcoming their firstborn.

The new policy, which took effect from yesterday, complements the bank’s existing staff rejuvenation programme, which allows staff to take up to six months’ unpaid leave for personal reasons - including extended maternity/paternity leave - and maintain their current position or seniority at the bank.

To demonstrate its commitment to staff wellbeing, CIMB had also earlier allocated up to RM1bill for its interest-free housing loans for the first five years of loan tenure, together with a raft of other benefits, to help its lower income staff manage their monthly obligations.