CIMB

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For other uses, see CIMB (disambiguation).

CIMB Group

Type	Public
Founded	1924 (BCB)
Headquarters	Kuala Lumpur, Malaysia
Key people	Tan Sri Dato' Md Nor Yusof, Chairman Dato' Nazir Razak, Group Chief Executive
Products	Financial Services
Employees	23,000
Website	CIMB Group website

CIMB Group (MYX: 1023) is Malaysia’s second largest financial services provider which is listed on Bursa Malaysia through Bumiputra-Commerce Holdings Berhad (BCHB). In 2004, CIMB began the process of creating a strong and competitive universal bank anchored by Commerce International Merchant Bankers (CIMB), the region’s largest investment bank. CIMB Bank is the result of a merger between Bumiputra-Commerce Bank and Southern Bank with CIMB, Malaysia’s most awarded investment bank. This resulted in the creation of Malaysia's first universal bank.

CIMB Group has grown from a staff strength of 1,000 in Malaysia to 20,000 in 12 countries while it market capitalisation has increased from RM6.3 billion to RM33.0 billion. Based on the current market price as at 13 May 2008 based on market capitalisation, BCHB is the third largest behind Public Bank and Maybank. The Group’s total assets grew from RM14.7 billion to RM155 billion with a further RM18 billion being third party funds under management.

In Indonesia, CIMB banking business is offered through PT Bank Niaga tbk.It is currently the 7th largest bank in Indonesia by assets. Recent reports suggest that due to the imposition of the regulation that a singele entity are not allowed to own more than one banking licence at a time, Khazanah (Substantial shareholder of BCHB) will be merging both PT Bank Niaga and PT Bank Lippo together under the purview of BCHB

1 Global Presence
2 Brand Entities
3 Awards
4 External links
5 References

[edit] Global Presence

CIMB Group has its roots as a premier investment bank and a consumer bank with the largest network locally.Headquartered in Malaysia and with the presence around the globe. CIMB group currently has a footprint in Singapore, Thailand, Indonesia, Vietnam, China, Bahrain, USA and UK

On 22 Nov 2006, CIMB Group launched a full-fledged branch in Kota Kinabalu, capital of Sabah to provide consumer banking, investment banking and Islamic banking services under one roof.