Our Journey

2021 - First ASEAN Bank to join the Net Zero

CIMB became the first ASEAN bank to join the Net Zero Banking Alliance and announced strengthened sustainability commitments, including mobilising RM30 billion towards sustainable finance by 2024 and achieving overall Net Zero GHG by 2050 (including financed emissions).

2018 -  Expansion into the Philippines & Complete ASEAN Footprint

CIMB received approvals from the Bangko Sentral Ng Pilipinas (BSP) to establish and operate its banking business in the Philippines. With these approvals, CIMB Bank Philippines Inc, launched its digital retail banking business in December 2018 establishing CIMB’s presence in all 10 ASEAN countries.

2017 - Strategic Partnership with China Galaxy Securities

CIMB and China Galaxy Securities Group become 50:50 shareholders in CIMB Securities International Pte, Ltd., repositioning CIMB’s stockbroking business as a pure play broker with the client base of a universal ASEAN bank.

2016 - Expansion into Vietnam as a Universal Banking Platform

CIMB opens its first branch in Vietnam. This 100% owned subsidiary allows CIMB to establish its presence in the country as a universal banking platform and strengthen its banking franchise in ASEAN.

2013 - Completion of APAC IB Platform & Move to Menara CIMB

CIMB Group completes its Asia Pacific investment banking platform with new operations in Taiwan and India and Korea. The Group moves into its new 40-storey headquarters in Menara CIMB, located at the high-tech hub of Kuala Lumpur Sentral.

2012 - APAC Expansion via RBS Acquisition & SICCO Securities Purchase

CIMB Group starts the acquisition of most of the Asia Pacific cash equities and associated investment banking businesses of the Royal Bank of Scotland, and expands or adds operations in Sydney, Melbourne, Hong Kong, London and New York. CIMB Group acquires SICCO Securities, a Thai stock-broking company.

2009 - Launch of CIMB Bank Singapore

CIMB Group set up consumer banking services in Singapore in September 2009. Through its strong service propositions, CIMB Bank Singapore has brought innovative products that maximise value for money in a competitive environment.

The retail banking component complements CIMB Group’s existing securities, advisory and corporate lending businesses in Singapore.

2009 - CIMB Thai officially launched

CIMB Thai’s new brand and logo were unveiled to the public in May 2009 by Khun Korn Chatikavanji, Thailand’s Minister of Finance. The rebranding launch, which was also attended by Dr Tarisa Watanagese, Governor of the Bank of Thailand, was part of CIMB Thai’s transformation into becoming a financial institution that offers innovative products and service to the Thai market, backed by the resources of a leading regional universal banking group.

2009 - New Headquarters for CIMB Bank and CIMB Islamic2009 - New Headquarters for CIMB Bank and CIMB Islamic

The 39-storey Menara Bumiputra-Commerce houses CIMB Group’s consumer banking franchises — CIMB Bank and CIMB Islamic. Officiated by the Seri Paduka Baginda Yang di-Pertuan Agong Tuanku Mizan Zainal Abidin Ibni Al-Marhum Sultan Mahmud Al-Muktafi Billah Shah and Seri Paduka Baginda Raja Permaisuri Agong Tuanku Nur Zahirah, the building site was partly chosen to preserve the Bank’s historical links to the area where the headquarters of the Bank’s predecessors, Bank Bumiputra and the United Asian Bank, were located.

2008 - Acquisition of BankThai

CIMB Group entered into an agreement with the Financial Institutions Development Fund to purchase a 42.13% stake in BankThai Pcl. The Group’s ensuing tender offer for the remaining shares in BankThai, and a rights issue, resulted in the stake increasing to 93%.

The acquisition of BankThai strengthened CIMB Group’s universal banking platform across major ASEAN markets – Malaysia, Indonesia, Singapore and Thailand – and made the Group’s retail network the widest in ASEAN, with over 1,100 branches.

BankThai was rebranded as “CIMB Thai” when it was officially launched in 2009.

2008 - CIMB-Principal Islamic Asset Management launched

CIMB Group and the Principal Financial Group strengthened their partnership with the launch of CIMB-Principal Islamic Asset Management. The 50:50 joint venture serves as the global Shariah funds management arm of both entities, and is located in Kuala Lumpur to leverage the infrastructure of the Malaysia International Islamic Financial Centre.

2008 - Merger of PT Bank Niaga Tbk and PT Bank Lippo Tbk

CIMB Group created the 6th largest bank in Indonesia at the point of the merger between PT Bank Niaga Tbk with PT Bank Lippo Tbk. This was an initiative of Khazanah Nasional Bhd, the ultimate shareholder of CIMB Group and the banks, to comply with Bank Indonesia’s Single Presence Policy (SPP). The merger marked the first major consolidation of private banks under the SPP. The merged bank was rebranded as “CIMB Niaga”.

2008 - Strategic investment in the Bank of Yingkou, China

CIMB Group entered into an agreement for a 19.99% stake in the Bank of Yingkou, adding mainland China to the Group’s network, which comprises Southeast Asia, global financial centres and large economies that have strong economic, trade and investment linkages with ASEAN.

2007 - Launch of CIMB Foundation

CIMB Foundation is a non-for profit organisation launched in November 2007 to carry out the Group’s corporate social responsibility and philanthropic initiatives. Its focus is on sustainable programmes in community development, sports and education. In support of its commitment, CIMB Group pledged an initial sum of MYR100 million to CIMB Foundation.

2007 - CIMB-GK Securities (Thailand) Ltd and CIMB-GK Securities (USA) Inc

CIMB Group launched its flagship presence in Thailand and USA, adding on to the Group’s already strong investment banking, stockbroking and institutional sales franchise in Kuala Lumpur, Singapore, Jakarta, Bangkok and Hong Kong.

2006 - Launch of CIMB Group as a Regional Universal Bank

The new CIMB Group was launched by the then Prime Minister of Malaysia, Dato’ Seri Abdullah Ahmad Badawi, in September 2006, signifying the culmination of the 3-way merger of Commerce International Merchant Bankers, Bumiputra-Commerce Bank and Southern Bank to form a universal banking group.

As a universal bank, CIMB Group has the full range of banking and financial services – conventional and Islamic – to serve everyone from the smallest retail client to the largest companies and institutions.

In line with the vision, “To be Southeast Asia’s Most Valued Universal Bank”, the Group embarked on a rebranding exercise and unveiled a new logo and a new tagline, “Forward Banking”, reflecting its promise to create value for customers through forward thinking.

2006 - CIMB Group acquires Southern Bank

CIMB Group purchases Southern Bank. It refreshes its look and purpose: ‘to be Southeast Asia’s most valued universal bank’.

2006 - CIMB Group's restructuring exercise

January 2006 marked the birth of the new CIMB Group as a universal bank. Complemented by the resources and reach of Bumiputra-Commerce Bank, one of Malaysia's foremost retail banking providers, CIMB Group made the transition to a full-service banking provider, serving a range of customers, from corporates to individuals.

Encapsulating investment banking, consumer banking, asset management and Islamic products and services, CIMB Group was now poised to make a stronger mark on the Malaysian financial landscape.

2005 - CIMB announces acquisition of Bumiputra-Commerce Group

The acquisition of the Bumiputra-Commerce Group by CIMB was announced in June 2005, following the strategic decision by CAHB to create a universal bank by combining its consumer and investment banks.

As part of the exercise, CIMB was delisted from the KLSE and CAHB was renamed Bumiputra-Commerce Holdings Bhd.

Encapsulating investment banking, consumer banking, asset management and Islamic products and services, CIMB Group was now poised to make a stronger mark on the Malaysian financial landscape.

2005 - CIMB acquires G K Goh Securities Pte Ltd

The acquisition of Singapore-based GK Goh Securities in June 2005 led to the formation of CIMB-GK Securities Pte Ltd, CIMB's international investment banking operations.

G K Goh was founded in Singapore in 1979, evolving into a reputable pan-Asian stockbroking franchise with operations in Singapore, Indonesia, Hong Kong, the UK and the US.

2004 - Formation of CIMB-Principal

CIMB Bhd acquired 70% of Commerce Trust Bhd and Commerce Asset Fund Managers Sdn Bhd from Commerce-Assets Holdings Bhd. The acquisition led to the formation of CIMB-Principal Asset Management Bhd, involving a joint venture with the Principal Financial Group of USA.

This marked the entry of a new player to Malaysia's burgeoning asset management sector. It was not long before CIMB-Principal made a decisive impact, winning numerous accolades for the returns from innovative products, such as the Global Titans Fund, Malaysia's first global equity investment fund.

2003 - Launch of CIMB Islamic

CIMB Islamic was officially launched by Malaysia’s Bank Negara Governor Tan Sri Dato' Dr Zeti Akhtar Aziz in June 2003. Since then, CIMB Islamic has won numerous accolades for its innovative Shariah-compliant solutions.

In April 2005, Commerce-Tijari Bank Bhd was launched as the Islamic banking subsidiary of Bumiputra-Commerce Bank, providing the consumer market with an Islamic alternative for deposit accounts and financing.

2003 - CIMB Bhd lists on KLSE

The listing of CIMB on the Main Board of the Kuala Lumpur Stock Exchange in January 2003 exceeded the expectations of investors and employees alike.

As it turned out, CIMB's listing lasted only about three years due to upcoming developments, but not before delivering returns of 340% to its shareholders.

2002 - Commerce-Asset Holdings Bhd became the majority shareholder in Bank Niaga

CAHB completed the acquisition of 51% of PT Bank Niaga from the Indonesian government via the Indonesian Bank Restructuring Agency (BRA). It is part of the series of strategic policies taken by the Indonesian government in response to the banking and economic crisis which befell the country following the onset of the Asian monetary crisis in mid-1997. The acquisition provided a rare opportunity for CAHB to acquire a majority stake in an Indonesian banking franchise which excelled in customer service and technology innovation.

1924 - Staring out as Bian Chiang Bank

Bian Chiang Bank established in Kuching, Sarawak by brothers Wee Kheng Chiang and Wee Kheng Whatt and seven other partners.

1935 - Ban Hin Lee Bank established in Penang, Malaysia

Ban Hin Lee Bank Bhd, founded by "Towkay" Yeap Chor Ee, was formally incorporated as a private limited company on 17 September 1935.

The bank's original business focus was to serve local businesses in their trade and merchant activities. In the 1960s, it also branched into real estate and home financing.

By the 1990s, the bank had become a modern and thriving financial institution, with its headquarters in Penang and operations throughout Malaysia and Singapore.

It became a public-listed company on the Kuala Lumpur Stock Exchange (KLSE) on 7 January 1991.

1948 - Bank Lippo founded in Indonesia

Bank Lippo was founded in 1948 with headquarters in Tangerang, Indonesia.

1955 - Bank Niaga founded in Indonesia

Established as a national private bank, Bank Niaga gained a great deal of trust from its customers and expanded to become a full service bank in 1974.

1965 - Bank Bumiputra Malaysia Bhd was incorporated

Bank Bumiputra was established in 1965, in line with government initiatives to increase Bumiputra participation in the Malaysian economy.

By the 1980s, it had become the largest bank in the country in terms of assets. Its infrastructure provided access to banking facilities where there was none before, contributing to the growth of small-scale enterprises and assisting the flow of investment into rural areas.

It was the first Malaysian bank to have operations in New York, London, Tokyo, Bahrain and Hong Kong. In 1982, it was listed as the largest bank in Southeast Asia by Asian Finance magazine.

1965 - Southern Bank Bhd was founded as Southern Banking Ltd

Founded in 1965 from humble roots in Penang, Southern Banking Ltd quickly expanded to other parts of Malaysia.

It was later renamed Southern Bank Bhd and gained recognition as an important player in wealth management products, credit cards and SME lending. The bank was the first in Malaysia to set up the MEPS/ATM system.

1972 - United Asian Bank Bhd established in Kuala Lumpur

United Asian Bank started as a banking joint-venture between Malaysia and India, as a result of the merger of three Indian-owned banks – Indian Overseas Bank Ltd, Indian Bank Ltd and United Commercial Bank Ltd. United Asian Bank took over the operations of the Malaysian branches of these Indian banks in 1972.

The bank's business was mainly directed at small businesses and individuals. In its time, it established a reputation for encouraging enterprise amongst the less prosperous sections of the community.

1974 - Pertanian Baring Sanwa Multinational Bhd was incorporated

Pertanian Baring Sanwa Multinational Bank (PBSM) was founded in April 1974 Bank Pertanian of Malaysia, Baring Brothers and Multinational Bank of the UK, and Sanwa Bank of Japan. It was established in Kuala Lumpur and launched by Prime Minister Tun Abdul Razak Hussein.

Under the management of Baring Brothers, Pertanian Baring Sanwa Multinational provided corporate advisory and funding services to multinationals, and undertook corporate restructuring and merger and acquisition activities for Malaysian companies.

Practising a conservative and prudent approach, with a strict credit culture that limited its trading activities, the merchant bank remained relatively small compared to others.

The bank's business was mainly directed at small businesses and individuals. In its time, it established a reputation for encouraging enterprise amongst the less prosperous sections of the community.

1979 - Bian Chiang Bank renamed Bank of Commerce Bhd

The purchase of Bian Chiang Bank by Fleet Group led to the formation of Bank of Commerce Bhd in November 1979. Retaining the initials BCB, the new bank had a strong focus on systems and transparency from the very beginning, reflecting the management style of co-shareholder JP Morgan.

An aggressive, performance-driven work culture pushed the bank forward, contributing to its emergence as one of the most progressive banks in the industry.

In 1982, just three years since incorporation, what started out as a one-branch bank worth MYR8 million had become an institution with the total assets of MYR367 million and total shareholders' funds of MYR12.8 million.

1986 - Pertanian Baring Sanwa Multinational renamed Commerce International Merchant Bankers Bhd

In 1986, Bank of Commerce replaced Bank Pertanian as the controlling shareholder of Pertanian Baring Sanwa Multinational, following which its name was changed to Commerce International Merchant Bankers Bhd (CIMB). The new shareholders retained its focus on corporate finance and IPOs and in 1989, it emerged as Malaysia's top advisor for new listings.

CIMB soon added stockbroking to complement its advisory and listings expertise, establishing an award-winning reputation as an equities broker and IPO house. This positioned the firm to enjoy high profits during the early 1990s equities "bull run".

At the height of the buoyant era in equities, CIMB took a major strategic decision to build its capabilities in fixed income in anticipation of future market opportunities. This placed CIMB in an excellent position to reap rewards from the exponential bond market growth in the late 1990s.

1986 - Rebranded to CIMB

PBSM changes name to Commerce International Merchant Bankers Berhad (CIMB) after acquisition by Bank of Commerce.

1987 - Listed on Bursa Malaysia

Bank of Commerce successfully lists on Bursa Malaysia

1991 - Bank of Commerce merges with United Asian Bank

Bank of Commerce Bhd acquired United Asian Bank in November 1991, which resulted in a new entity named Bank of Commerce (M) Bhd. Meanwhile, Bank of Commerce Bhd, the listed holding company, was renamed Commerce-Asset Holdings Bhd (CAHB).

The acquisition was the starting point for more significant expansion to come. The Bank of Commerce branch network increased almost fourfold, complementing its established reputation in the corporate lending market.

1991 - A subsidiary of CAHB

Bank of Commerce merges with United Asian Bank. In a major restructure, the merged banks become Bank of Commerce (Malaysia) Berhad, under holding company Commerce-Asset Holding Berhad (CAHB). CIMB becomes a separate CAHB subsidiary.

1999 - Formation of Bumiputra-Commerce Bank

In October 1999, Bank Bumiputra emerged from the Asian financial crisis and other financial problems to merge with Bank of Commerce, resulting in the biggest merger in Malaysia's banking history.

They formed Bumiputra-Commerce Bank, under the control of CAHB, and became the bank of choice to many multinational and local corporations, government organisations and individuals.The acquisition was the starting point for more significant expansion to come. The Bank of Commerce branch network increased almost fourfold, complementing its established reputation in the corporate lending market.