CIMB Group Holdings Berhad (MYX: 1023) is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN.
CIMB Islamic operates in parallel with these businesses, in line with the group's dual banking model.
After the acquisition, on 7 September 2006, CIMB Group was launched by the then Prime Minister of Malaysia, Dato' Seri Abdullah Ahmad Badawi.
In November, CIMB Foundation launched as a not-for-profit organisation that will carry out the group's corporate social responsibility.
Lastly, CIMB Group entered into an agreement with Financial Institutions Development Fund to purchase a 42.13% stake in Bank Thai Public Company.
In the same year, CIMB Thai was officially launched with its new brand and logo unveiled to the public in May 2009 by Khun Korn Chatikavanji, Thailand's Minister of Finance.
[14] CIMB claimed to become the largest investment banking franchise based in Asia Pacific (ex-Japan).
[15] CIMB ranked at 10 for the world's largest Islamic banks in 2020, moving up two spots from the previous year.
[16] [11] CIMB Group has full-fledged consumer banking services across its main operating markets in Malaysia, Indonesia, Singapore, Thailand, Cambodia and Philippines.
Investment Banking comprises Corporate Client Solutions, which covers the bank's institutional and corporate clients and Sector Specialists in real estate and agribusiness; the Advisory business unit which consists of Corporate Finance and Project Advisory; the Group Equities business unit comprising Equity Capital Markets (ECM), Institutional Sales, Research, Retail Equities, Futures Broking and Securities Services; and the Group Asset Management business unit which is the bank's retail and institutional fund management arm.
It offers the full complement of Shariah-compliant financial solutions, operating in parallel with the group's universal banking franchise.
The group has full-fledged consumer banking services across its four main operating markets of Malaysia, Indonesia, Singapore and Thailand, plus a growing presence in Cambodia and the Philippines.
Malaysia is the largest market for CIMB Bank and there were 294 branches, 7.8 million customers, 2,199 ATMs, and over 20,000 staff at the end of 2011.
The all-digital CIMB Bank Philippines was established in December 2018 and officially launched in 2019, using a mobile app called OCTO as a platform through which users can open accounts and manage transactions.
CIMB Investment Bank is the investment banking arm of CIMB Group with offices in Malaysia, Singapore, Indonesia, China (Hong Kong and Shanghai), Thailand, Australia, Korea, India, the United Kingdom, the United States, Sri Lanka, and Myanmar.
CIMB has remittance tie ups with BDO Universal Bank in the Philippines for secure cross border money transfers.
CIMB Thai offers a range of financial products and services to customers, both corporate and retail.