CIMB Group (MYX: 1023) is Malaysia’s second largest financial services provider, and fifth largest in Southeast Asia by total assets. It is owned by Bumiputra-Commerce Holdings Berhad (BCHB), which is listed on Bursa Malaysia with a market capitalization of RM26.6 billion.
CIMB Group operates as a universal bank offering a full range of financial products and services, covering corporate and investment banking, consumer banking, treasury, insurance and asset management. CIMB Group offers products and services on a dual banking basis, giving customers a choice of both conventional and Islamic solutions.
As a universal bank, it is able to serve everyone from all walks of life in Malaysia as well as throughout the region, including large regional corporations, domestic listed companies, entrepreneurial start-ups, high-net worth individuals, pensioners and children. Today, CIMB serves close to seven million customers in over 600 locations through over 25,000 staff.
At present, its main markets are Malaysia, Indonesia and Singapore, countries in which CIMB Group has full universal banking capabilities. CIMB Group’s presence in 11 countries covers South East Asia and major global financial centres, as well as countries with which their South East Asian customers have significant business and investment dealings.
In addition, CIMB extends its regional reach and range of products and services through strategic partnerships. Partners include the Principal Financial Group, Aviva plc, Allianz Malaysia Berhad, Mapletree Capital Management, Bank of Tokyo-Mitsubishi UFJ, Standard Bank plc, Daewoo Securities, the Kanoo Group, Malaysia Airlines, International Currency Exchange, EDS, Pos Malaysia, 7-11, Singer Malaysia and many more.
History
1924 : Bian Chiang Bank was established in Kuching by Wee Kheng Chiang. Its primary activities were business financing and the issuance of bills of exchange.
1935 : Ban Hin Lee Bank (BHLB) was established in Penang by Yeap Chor Ee. Its Original focus was serving local businessmen in their trading and merchant activities. In the 1960s it branched out into real estate and home financing and by 1990 it had become a modern and thriving financial instituition. It was then listed on the Kuala Lumpur Stock Exchange on January 7 1991.
1965 : Southern Bank Berhad (SBB) was founded as Southern Banking Ltd. It started out in Penang but quickly expanded and set up operations in Kuala Lumpur. It was soon recognized as an important player in wealth management products, credit cards and small-medium enterprise lending (SME).
1965 : Bank Bumiputra Malaysia Berhand (BBMB) was incorporated. This was in line with government initatives to increase Bumiputra participation in the national economy. The bank grew to be the most prominent bank for all Malaysians with branches throughout the country. By 1980 it had become the largest bank in the country in terms of assets and was the first domestic bank to have operations in New York, London, Tokyo, Bahrain and Hong Kong.
1972 : United Asian Bank Berhad was established in Kuala Lumpur. This was a result of the merger of three Indian-owned banks; Indian Overseas Bank Ltd., Indian Bank Ltd., and United Commercial Bank Ltd. UAB started as a joint-venture in banking between Malaysia and India, taking over the operations of the Malaysian branches of Indian banks in 1972. It established a reputation for encouraging enterprise amongst less prosperous sections of the country.
1974 : Pertanian Baring Sanwa Multinational Berhad (PBS) was incorporated by Bank Pertanian, Baring Brothers of United Kingdom, Sanwa Bank of Japan and Multinational bank of the United Kingdom. It was managed by the Baring Brothers and provided corporate advisory and funding services to multinationals.
1979 : Bian Chiang Bank was renamed Bank of Commerce Berhad. This was a result of its purchase by the UMNO-owned Fleet group. In 1982, the bank became an institution with RM367 million in total assets and total shareholders’ funds of RM12.8 million.
1986 : Pertanian Baring Sanwa Multinational Berhad was renamed Commerce International Merchant Bankers Berhad (CIMB). This was a result of Bank of Commerce Berhad replacing Bank Pertanian as the controlling shareholder of PBS. CIMB retained its corporate finance focus and added stock broking to its range of services.
1991 : Bank of Commerce acquired UAB. After the acquisition, Bank of Commerce’s branch network increased almost fourfold. The listed holding company was then renamed Commerce-Asset Holdings Berhad (CAHB). Then BBMB and Bank of Commerce merged in 1999. The result was the emergence of Bumiputra-Commerce Bank.
2000 : As part of the government initiated banking consolidation plan, SBB acquired Ban Hin Lee Bank Berhad and also took over two smaller finance companies; Perdana Finance Berhad and Cempaka Finance Berhad.
2003 : CIMB was listed on the main board of the KLSE. In the same year, CIMB Islamic was launched providing customers with Syariah compliant solutions.
2004 : CIMB acquired 70% of Commerce Trust Berhad (CTB) and Commerce Asset Fund Managers Berhad (CAFM). This led to the formation of CIMB-Principal, a joint venture with the Principal Group of USA. Then in 2005, CIMB acquired Singapore based G.K. Goh which was established in 1979 as an international stock broker. This led to the formation of CIMB-GK, CIMB’s international investment banking operator.
2005 : Commerce Asset Holdings Berhad (CAHB) announced its strategic decision to create a universal bank by combining its commercial and investment banks. Following this announcement, Bumiputra-Commerce Group was acquired by CIMB. As part of the exercise, CAHB was renamed Bumiputra-Commerce Holdings.
2006 : In January, CIMB completed its restructuring exercise under Bumiputra-Commerce Holdings Berhad. The new CIMB Group was known as a universal bank. It made a transition to a full-service banking provider serving corporates to individuals. Then in March, CIMB Group acquired SBB after extensive negotiations. After the acquisition, in September CIMB Group was launched by the Prime Minister of Malaysia, YAB Dato’ Seri Abdullah bin Haji Ahmad badawi.
2007 : CIMB Group launched its flagship presence in both Thailand and USA through the establishment of CIMB-GK Securities (Thailand) Ltd. And CIMB-GK Securities (USA) Inc,. In November, CIMB Foundation launched as a not-for profit organization that will carry out the Group’s corporate social responsibility.
2008 : CIMB Group entered into an agreement for a 19.99% stake in Bank of Yingkou adding mainland China to the Group’s network. In the same year CIMB Group undertook the merger of PT Bank Niaga TBK with PT Bank Lippo Tbk to create the 6th largest bank in Indonesia. CIMB Group and the Principal Financial Group launched CIMB-Principal Islamic Asset Management also in that year. Lastly, CIMB Group entered into an agreement with Financial Institutions Development Fund to purchase a 42.13% stake in Bank Thai Public Company.
Businesses
Consumer Banking
CIMB Bank Berhad is the commercial banking arm of CIMB Group, offering retail banking services to over 5.3 million customers in Malaysia. It provides a comprehensive range of consumer banking products and services through a country-wide network of 367 branches, and over 2100 self-service terminals and internet channels. As the second largest commercial bank in Malaysia, CIMB Bank has significant market share across all consumer banking products.
In Singapore, CIMB Group’s consumer banking business operates on a full banking licence via CIMB Bank Singapore, which offers a full suite of banking products to high net worth individuals, businesses and retail clients.
CIMB Group’s consumer banking business in Indonesia is offered through its 77.24% owned subsidiary PT Bank CIMB Niaga Tbk. Established in 1955, it merged with PT Bank Lippo Tbk in November 2008 to form the sixth largest bank in Indonesia by assets, with over 650 branches nationwide.
Bank CIMB Niaga offers a comprehensive range of conventional and Shariah-compliant banking products and services. It was the first local bank to introduce ATM services in 1987 and online banking in 1991. It is currently the second largest mortgage provider in Indonesia with a 10.9% market share.
In Thailand, CIMB Group controls 93.15% of BankThai as of March 2009 and is its single largest shareholder. Listed on the Stock Exchange of Thailand, BankThai has a solid deposit and lending business and operating base of SME and retail customers. With subsidiary businesses in stockbroking, insurance and asset management, BankThai is the 11th largest commercial bank in Thailand by assets with 147 branches nationwide.
CIMB Group also has commercial banking branches in Hong Kong and London.
Investment Banking
As the leading investment bank in Malaysia and Southeast Asia, CIMB Investment Bank Berhad has offices in Malaysia, Singapore, Indonesia, Hong Kong, Thailand, Brunei, the UK and the US. Its private banking arm, CIMB Private Banking, is the country’s first full service private bank for high net worth individuals in Malaysia, Singapore and Indonesia.
Islamic Banking
CIMB offers Shariah-compliant financial products and services through, CIMB Islamic Bank Berhad. CIMB I
Welcome to Investment Banking
Within the CIMB Group, wealth management services are provided by CIMB Private Banking (CIMB PB) in Malaysia and CIMB-GK Wealth Management Group (CIMB-GK) in Singapore and ...
Welcome to CIMB NIAGA Internet Banking >>>
• Transaksi finansial semakin aman dengan m PIN (mobile PIN) • Kini ada fitur baru hasil adopsi fitur Lippo NetBank: - Transfer ke bank Lain via RTGS & SKN
Welcome to Investment Banking
Investment Banking is the CIMB Group's traditional strength. Widely ... Internet Banking • CIMBClicks (for Individual) • CIMB Biz-Channel (for Business)
Welcome to CIMB
About CIMB Preferred Special Benefits for Members ... Daily Banking ... Internet Banking: Mobile Banking: Phone Banking: ATMs, CDMs & CQMs
StreetSpace
CIMB cafe banking outlets are equipped with the Web Station™s showcasing CIMB Clicks, its Internet banking portal well as more ...
CIMB NIAGA - A New Beginning
Is the banking service from CIMB Niaga using Internet line that make you possible to do banking transaction without leaving your seat. Just click http://www.cimbniaga.com/, you ...
Welcome To CIMB
At CIMB Group, we believe foresight is the key to unlocking potential. As we extend ... Internet Banking
CIMB NIAGA - A New Beginning
INTERNET BANKING Is the Internet banking service from CIMB Niaga which you could access by click http://www.cimbniaga.com. PONSEL BANKING Is the SMS Banking service from CIMB Niaga ...
CIMB - Wikipedia, the free encyclopedia
Islamic Banking. CIMB offers ... terminals and internet channels. As the second largest commercial bank in Malaysia, CIMB Bank holds significant market share across all consumer banking ...
Welcome To CIMB
Consumer Banking. CIMB Bank ... terminals and internet channels. As the second largest commercial bank in Malaysia, CIMB Bank holds significant market share across all consumer banking ...