CIMB Bank
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Formerly called
|
Bumiputra-Commerce Holdings Berhad |
|---|---|
| Publicly traded government-linked company | |
| Traded as | MYX: |
| ISIN | MYL1023OO000 |
| Industry | Financial services |
| Founded | January 2006 |
| Headquarters | Kuala Lumpur, Malaysia |
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Key people
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Nazir Razak, Chairman Zafrul Aziz, Chief Executive Officer |
| Products |
Consumer Banking Corporate Banking Investment Banking Islamic Banking Asset Management Insurance & Takaful |
| Revenue |
 RM14.672 billion(US$4.8 billion) (2013) |
|
RM5.849 billion (US$1.78 billion) (2013) |
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RM4.54 billion (US$1.38 billion) (2013) |
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| Total assets |
RM391.6 billion (US$120 billion) (Sept 2014) |
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Number of employees
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Over 40,000 |
| Parent | Khazanah Nasional |
| Website | www |
CIMB Group Holdings Berhad (MYX: ) is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank, the largest Asia Pacific (ex-Japan) based investment bank and one of the world's largest Islamic banks. CIMB has a wide retail branch network with 1,080 branches across the region.
The group operates under several entities, which include CIMB Investment Bank, CIMB Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International and CIMB Thai. The group's business activities are primarily in the areas of Consumer Banking, Wholesale Banking, comprising Investment Banking and Corporate Banking, Treasury & Markets, and Group Strategy & Strategic Investments, with its core markets being Malaysia, Indonesia, Singapore and Thailand. CIMB Islamic operates in parallel with these businesses, in line with the group's dual banking model.
The group has over 40,000 employees located in 18 countries, covering ASEAN and major global financial centres, as well as countries in which its customers have significant business and investment dealings.
The group's geographical reach and its products and services are complemented by partnerships. Its partners include the Principal Financial Group, Bank of Tokyo-Mitsubishi UFJ, Standard Bank and Daewoo Securities, among others.
CIMB is an abbreviation for Commerce International Merchant Bankers.
The bank was formed from the merging of various banks that had existed throughout the decades:
Bank of Commerce acquired UAB in 1991, in which consequently increased Bank of Commerce's branch network almost fourfold. The listed holding company was then renamed Commerce-Asset Holdings Berhad (CAHB). BBMB merged with CAHB to form the Bumiputra-Commerce Bank in 1999. SBB acquired Ban Hin Lee Bank Berhad and two smaller finance companies, Perdana Finance Berhad and Cempaka Finance Berhad in 2000 as part of a government initiated banking consolidation plan.
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Wikipedia