Name | CIMB Group联昌国际银行 CIMB குழுமம் |
---|---|
Logo | |
Type | Public |
Location | Kuala Lumpur, Malaysia| |
Key people | Tan Sri Dato' Md Nor Yusof, ChairmanDato' Sri Nazir Razak, Group Chief Executive | |
Num employees | 37, 228 (2010) |
Industry | Financial services |
Products | Consumer BankingCorporate BankingInvestment BankingIslamic bankingAsset managementInsurance |
Net interest income | RM6.06 billion(2009) |
Net non interest income | RM4.60 billion(2009) |
Net profit | RM2.80 billion (2009) |
Assets | RM239.9 billion(2009) |
Market capitalization | RM63.2 billion (2009) |
Homepage | CIMB Group website }} |
CIMB Group () is the Malaysia's second largest financial services provider, and fifth largest in Southeast Asia by total assets. It is owned by CIMB Group Holdings Berhad, which is listed on Bursa Malaysia with a market capitalization of RM63.2 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 over eleven and a half million customers in over 1000 locations through over 37,000 staff.
At present, its main markets are Malaysia, Indonesia, Singapore, and Thailand, countries in which CIMB Group has full universal banking capabilities. CIMB Group's presence in 13 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, Sunlife Financial, Allianz Malaysia Berhad, Mapletree Capital Management, Bank of Tokyo-Mitsubishi UFJ, Standard Bank, Daewoo Securities, the Kanoo Group, Malaysia Airlines, International Currency Exchange, EDS, Pos Malaysia, 7-11, Singer Malaysia, and many more.
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 initiatives 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).
1999: BBMB and Bank of Commerce merged to form 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 then 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.
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 fifth largest bank in Indonesia by assets, with over 610 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 third largest mortgage provider in Indonesia with a 11.03% 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. CIMB Thai serves 2 million customers in Thailand through its 149 branches and a staff force of over 3,800. 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.
CIMB Islamic has over 100 investment bankers and specialists, and its business coverage spans from Southeast Asia to major financial markets in the world like Hong Kong, London, New York and the Middle East. In Malaysia, its retail banking services are co-located at CIMB Bank's 367 branches nationwide.
As at the end of 2008, the Group's assets under management stood at RM19.2 billion. The Group's asset management activities are operated from CIMB-Principal Asset Management Berhad, CIMB-Principal Islamic Asset Management Sdn Bhd, CIMB-Mapletree Management Sdn Bhd, CIMB Standard Strategic Asset Advisors Sdn Bhd and CIMB Private Equity and Venture Capital.
CIMB Group also has a long-term strategic bancassurance agreement with Allianz Malaysia to offer Allianz's non-life insurance products and services at CIMB Bank's 367 branches nationwide. Allianz is a leading global insurer, servicing the needs of 80 million customers in over 70 countries worldwide.
This award-winning franchise has a long history of structuring and advising several landmark deals including the world's largest plantation assets consolidation between Sime Darby, Kumpulan Guthrie and Golden Hope valued at USD $8.8 billion (RM 28.7 billion) and Binariang GSM's USD $11.7 billion (RM 38.2 billion) privatisation of Maxis Communications. In recognition of its benchmark-setting achievements, CIMB has been named Best Investment Bank for Malaysia by several leading international financial publications such as Euromoney, FinanceAsia and The Asset.
As the second largest commercial bank in Malaysia, CIMB Bank holds significant market share across all consumer banking products. In 2007, it was named Asia's Most Improved Retail Bank by Asian Banking and Finance magazine and Malaysia's Bank of the Year by The Banker magazine.
CIMB Islamic's products and operations are managed in strict compliance with Shariah principles under the guidance of the CIMB Islamic Shariah Committee, which comprises the world's leading Islamic scholars.
CIMB Islamic is recognised as a pioneer in Islamic financial markets, having advised on the world's first shariah-compliant exchangeable bond and the largest sovereign sukuk issue globally.
CIMB-Mapletree currently manages CMREF1 (CIMB-Mapletree Real Estate Fund 1), a RM1.5 billion closed-end real estate fund with a diversified local and foreign institutional investor base. Its investment properties to date include CP Tower, Jaya Shopping Centre, an office development in K L Sentral and a high-end residential project in Penang.
CIMB-GK's award-winning research team supports its business units with analysis of over 400 listed companies in Asia. Its established stockbroking business and distribution capabilities provide an extensive network that reaches top-tier institutional investors, mid-market investment funds, high net worth individuals as well as retail investors in Asia.
Long Term | Short Term | Long Term Subordinated Debt | Outlook | |
2008 | BBB| | A-2 | BBB- | Stable |
+ Fitch | Per end of Period | Outlook | Long Term | Bank Individual | Bank Support | Long Term Subordinated Debt |
2008 | Positive| | BBB+ | - | 2 | BBB |
+ RAM | Per end of Period | Outlook | Long Term | Short Term | Negotiable Certificates of Deposits (NCDs) |
2009 | Stable| | AAA | P1 | AA2 |
+ Moody's | style="background:darkblue; color:white" | Per end of Period | Outlook | Long Term Deposit | Short Term Deposit | Subordinated Debts | Bank Financial Strength |
2008 | Stable | A3| | P1 | Baa1 | - |
+ Awards 2009 | Award | Awarded by | |
HR Community Award | The Asia HRD Congress 2009 awarded Hamidah Naziadin, Director, Group Corporate Resources with the "HR Community Award" in recognition of her contribution in the areas of Human Capital Development. | The Asia HRD Congress 2009 | |
QFC-Asian Banker Achievement Award for Islamic Finance | In recognition of CIMB Islamic's sophisticated institutional and retail offerings unmatched in the Asia Pacific region. | The Asian Banker | |
Islamic Banker of the Year - Badlisyah Abdul Ghani | Badlisyah Abdul Ghani was named the Islamic Banker of the year in recognition of his excellence amongst Islamic Bankers. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Best Islamic Bank | In recognition of CIMB Islamic's contribution to Islamic Banking. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Best Islamic Retail Bank | In recognition of CIMB Islamic's strength in Islamic Retail Banking. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Best Islamic Investment Bank, Asia Pacific | In recognition of CIMB Islamic's contribution to Islamic finance in Asia Pacific. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Best Domestic Islamic Finance House | In recognition of CIMB Islamic as the Best Domestic Islamic Finance House in Malaysia. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Best Quasi Sovereign Sukuk | In recognition of CIMB Investment Bank's role as joint bookrunner in Paka Capital's USD 550 million Exchangeable Sukuk Musyarakah. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Best Islamic Project Finance Deal (Malaysia) | In recognition CIMB Investment Bank's role as arranger in MRCB Southern Link Berhad 845 million Ringgit Senior Sukuk Istisna' and 199 million Ringgit Junior Sukuk Istisna. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Most Innovative Islamic Finance Deals | In recognition of CIMB Investment Bank's role as arranger in the Cagamas 2 billion Ringgit Sukuk Commodity Murabahah. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Most Innovative Islamic Finance Deals | In recognition of CIMB Investment Bank's role as joint book runner in Paka Capital's USD 550 million Exchangeable Sukuk Musyarakah. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Most Innovative Islamic Finance Deals | In recognition of CIMB Investment Bank's role as arranger in MRCB Southern Link Berhad 845 million Ringgit Senior Sukuk Istisna' and 199 million Ringgit Junior Sukuk Istisna. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Most Innovative Islamic Finance Deals | In recognition of CIMB Trustee's role in Tadamun Services 300 million Ringgit Islamic Trust Certificates. | The Asset Triple A Awards 2009 (Islamic Finance) | |
Deals of the Year 2009 for Islamic Finance in the Region of Asia Pacific | The winning Deal: Khazanah Nasional's Concurrent Sukuk Exchangeable Trust Certificates and Equity Placement into Parkson Retail Group. CIMB Group was one of the joint bookrunners and joint lead managers in this deal. | The Banker | |
Best Islamic Bank in Malaysia and Asia for 2009 | In recognition of CIMB Islamic's strength in Islamic Banking in Malaysia and Asia. | Global Finance | |
Best Domestic Provider for Local Currency Products (Structured Currency Products) Malaysia | In recognition of CIMB Investment Bank's capabilities in Malaysian Ringgit structured interest-rate products. | Asiamoney | |
Best Malaysian Equity Fund | In recognition of CIMB-PRINCIPAL Asset Management Bhd's performance of its CIMB Dali Equity Growth Fund as at end 2008. | Failaka Advisors at the fourth Annual Failaka Islamic Fund Awards | |
Best Retail Banking Branch Innovation Award | In recognition of CIMB Bank's drive to create a single banking identity with new branch innovations. | The Asian Banker (Excellence in Retail Financial Services Awards) | |
HR Excellence Category - "Gold Recognition" | In recognition of Group Human Resources HR functions, alignment of HR department's work with company's goal, HR development strategy, best practices in HR, the provision of continuous learning & training, and application of HR systems & technology. | Malaysia HR Awards 08-09 | |
HR Excellence Category - "Grand Award" | In recognition of Group Human Resources HR functions, alignment of HR department's work with company's goal, HR development strategy, best practices in HR, the provision of continuous learning & training, and application of HR systems & technology . | Malaysia HR Awards 08-09 | |
Best Employer's Award (Banking & Financial Services Institutions Category) | Malaysia HR Awards 08-09 | ||
Rising Star Cash Management Bank – Malaysia | In recognition of Group Human Resources HR functions, alignment of HR department's work with company's goal, HR development strategy, best practices in HR, the provision of continuous learning & training, and application of HR systems & technology. | In recognition of Asia's best in transaction banking.The Asset Triple A Transaction Banking Awards 2009 | |
Best Islamic Bank in Asia | In recognition of CIMB Islamic as the Best Islamic Bank in Asia. | Euromoney Islamic Finance Awards 2009 | |
Best Sukuk Deal | Award was for the Khazanah $550million Exchangeable Sukuk. | Euromoney Islamic Finance Awards 2009 | |
Category:Banks of Malaysia Category:Investment banks Category:Banks established in 1974
ar:قالب:توبيكس 100 fr:Modèle:Palette TOPIX 100 it:Template:Topix ms:CIMB ja:CIMB ru:Шаблон:Topix 100 th:ซีไอเอ็มบี zh:联昌国际银行This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
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