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CIMB Bank

CIMB Group Holdings Berhad
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
Key people
Nazir Razak, Chairman
Zafrul Aziz, Chief Executive Officer
Products Consumer Banking
Corporate Banking
Investment Banking
Islamic Banking
Asset Management
Insurance & Takaful
Revenue Increase RM14.672 billion
(US$4.8 billion) (2013)
Increase RM5.849 billion
(US$1.78 billion) (2013)
Increase RM4.54 billion
(US$1.38 billion) (2013)
Total assets IncreaseRM391.6 billion
(US$120 billion)
(Sept 2014)
Number of employees
Over 40,000
Parent Khazanah Nasional
Website www.cimb.com

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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