CIMB Group Holdings Berhad (CIMB) is a Malaysian universal bank holding company offering consumer banking, investment banking, Islamic banking, asset management and insurance products and services. CIMB’s wholly-owned banking subsidiaries include CIMB Bank, CIMB Investment Bank, CIMB Islamic and CIMB Aviva in Malaysia, as well as branches and subsidiaries throughout ASEAN and beyond, including Singapore, Thailand, Indonesia, Cambodia, Brunei and Vietnam.
Headquartered in Kuala Lumpur, CIMB has the distinction of being the only Malaysian bank operating in 15 markets. With more than 40,000 employees, CIMB is committed to building and sustaining a diverse, inclusive and modern workplace.
As such, CIMB is registered and incorporated in Malaysia, and is owned by the Malaysian Public Investment Corporation (PIC).
Table of Contents
Who is the owner of CIMB?
CIMB Group Holdings Berhad (“CIMB Group” or “CIMB”) is a Malaysian banking and financial services group. It is one of the largest financial services providers in Southeast Asia, with a presence in Malaysia, Singapore, Thailand, Indonesia and Cambodia.
CIMB Group is a public listed company on Bursa Malaysia, with majority ownership by the government of Malaysia. The current majority owner of CIMB Group is Khazanah Nasional Berhad, a specialized investment holding company owned by the Ministry of Finance of the Government of Malaysia.
Is there CIMB in USA?
No, there is currently no CIMB presence in the United States. CIMB Group is a Malaysian financial services group, one of ASEAN’s largest banking groups and one of the largest retail banks in Malaysia.
It is based in Kuala Lumpur, and has a presence in the ASEAN countries, China, Hong Kong, India, and the Middle East. CIMB’s banking subsidiaries in Malaysia, Singapore and Thailand, as well as its insurance arm, are well-positioned to provide a comprehensive suite of financial services products to its customers throughout ASEAN and beyond.
Despite its extensive international presence, CIMB has yet to make a foothold in the United States, and at present there is no CIMB presence in the United States.
What does CIMB stand for?
CIMB stands for Commerce International Merchant Bankers. It is one of the largest financial services organisations in Malaysia and Southeast Asia, with a presence in 17 countries across the region. CIMB provides a wide range of banking products and services including consumer banking, commercial banking, investment banking, Islamic banking, asset management, wealth management, insurance, and stock broking services.
It also provides a range of investment products ranging from fixed income and foreign exchange instruments to equities and structured products. CIMB strives to provide its customers with the best products, services and advice to meet their financial needs.
How big is CIMB?
CIMB Group is one of the leading ASEAN universal banks with a presence in 17 countries. As the fifth largest banking group in ASEAN, CIMB serves over 11 million customers and offers a comprehensive range of financial services that span corporate, commercial, and retail banking, as well as Islamic banking, treasury, and insurance.
It has more than 42,000 employees in the region and is headquartered in Kuala Lumpur, Malaysia. The Group’s network includes 2,300 branches and offices throughout ASEAN and has a strong presence in key international financial centers such as London, New York, Tokyo, Hong Kong and Singapore.
With a total assets base of MYR505 billion and a market capitalisation of MYR44 billion as of December 2020, CIMB is one of the biggest banks in the region. CIMB leverages the power of growth-oriented ASEAN markets and its strategic geographic network to serve the banking needs of individuals, small and medium enterprises, and corporate and institutional customers.
The bank also offers unique green initiatives that aim to promote environmental protection, support environmental certification and carbon trading across ASEAN.
Is CIMB a trusted bank?
Yes, CIMB is a trusted bank. CIMB is one of the top banks in Malaysia, with a wide range of products and services. CIMB is known for its customer service and its commitment to customer satisfaction. CIMB offers a secure online banking platform, with a variety of security measures in place to protect its customers’ data.
In addition, CIMB has a proven track record of providing customers with quality service and customer satisfaction. CIMB also has a comprehensive risk management process in place, ensuring that its customers are protected financially.
Furthermore, CIMB is highly rated by the Malaysian central bank, Bank Negara Malaysia, for its high standards of corporate governance and financial soundness. All these features make CIMB a trusted bank for Malaysians.
What type of account is CIMB?
CIMB is a Malaysian universal banking group offering a range of financial services products including consumer banking, corporate banking, investment banking, finance and insurance, Islamic banking, and stockbroking services.
It is the second largest lender in Malaysia by market capitalization and the ninth largest in Southeast Asia. Its core market segments include consumer banking, corporate banking, wealth management, and insurance.
CIMB also offers a wide range of products and services including global banking, structured finance and capital market activities, treasury and equity products, as well as international banking services.
The group offers global banking services through its regional presence in Kuala Lumpur, Labuan, Jakarta, Hong Kong, Beijing, Beijing, Ji’nan and Shanghai, among others. The group also services retail banking operations in Thailand, Indonesia, Cambodia, Laos and the Philippines.
Additionally, the group provides integrated financial solutions to its corporate and institutional clients through its global network of retail and corporate banking branches, investment banking, corporate finance, asset and wealth management and other financial services subsidiaries.
CIMB also provides financial planning, asset enlistment and trust services for a broad range of clients.
What is CIMB WhatsApp messaging?
CIMB WhatsApp messaging is a secure, convenient and cost-saving service that allows CIMB customers to access banking information and transact seamlessly on the popular messaging platform. Through CIMB WhatsApp messaging, customers can communicate with and obtain information from the bank directly through the secure messaging platform, without having to log in to Internet banking or the CIMB Clicks app.
CIMB customers can use the service to check their account balance, transfer funds, and request a bank statement, all from the comfort and convenience of their WhatsApp chat window. The service provides customers with 24/7 access to their banking needs, and also helps to reduce paperwork, manual processing and turnaround time.
Furthermore, it increases security by limiting the risk of fraud, as no personal data is being shared with third-parties. All information and transactions initiated through CIMB WhatsApp messaging are fully encrypted, offering customers peace of mind and an extra layer of protection.
Is CIMB a Visa or Mastercard?
The answer to the question of whether CIMB banks offer Visa or Mastercard credit cards is both. CIMB offers both Visa and Mastercard credit cards to its customers. With a CIMB Visa and/or Mastercard credit card, you can access Reward Points, discounts, promotions, and various other benefits.
Depending on the type of card you have, you can even earn up to 5X reward points with CIMB Rewards Points. CIMB Visa and Mastercard credit cards also come with their own Annual Fee Waiver (AFW), Cash Back, EMIs and various other features.
To apply for a CIMB Visa or Mastercard, you can visit the official website of CIMB and find the appropriate card that suits your needs.
What is fund transfer CIMB?
Fund Transfer CIMB is a secure, convenient, and reliable way to securely send money from one person to another within CIMB. This service allows you to transfer money from an account at CIMB to an account belonging to someone else at CIMB.
It is also possible to transfer money from another bank to someone holding an account at CIMB.
Fund Transfer CIMB is available in over 20 countries and is offered in two main forms – Fast Transfer and Balik Bayar. Fast Transfer allows you to transfer funds up to the amount of RM30,000 within Malaysia and up to USD10,000 worldwide in one transaction.
This service is instant, easy, and is completely online, allowing you to transfer the money at any time and in any place.
Balik Bayar is a service to transfer funds up to RM100,000 over 24 hours. It is available for inter-bank transfers and does not require the recipient to have a CIMB account. This service is also instant and allows you to track the transaction in real-time.
Fund Transfer CIMB is a secure, fast, and reliable way to send money from one person to another. It is a reliable and convenient money transfer option to send money to family and friends within CIMB and beyond.
Is CIMB Islamic Bank?
Yes, CIMB Islamic Bank is a subsidiary of the CIMB Group, one of Southeast Asia’s leading banking groups. CIMB Islamic Bank has been providing Shariah-compliant banking services since its inception in 2008 and provides a wide range of financial products and services such as savings and current accounts, transfer and remittance services, deposits, loans, and more.
All products and services offered by CIMB Islamic Bank are in line with the principles of Islamic banking. Additionally, the bank is known for its high quality service and compliance with international banking standards.
Is CIMB Bank and CIMB Islamic the same?
No, CIMB Bank and CIMB Islamic are two separate entities. CIMB Bank is a commercial bank providing a range of services including retail banking, investment banking, corporate banking, and treasury services to individuals and businesses.
CIMB Islamic is the banking arm of CIMB Bank that provides Islamic banking services such as savings, deposits, investments, and financing. CIMB Islamic also offers shariah-compliant funds, Islamic cyber banking, Islamic consumer banking, and Islamic wealth solutions.
The products and services offered by each of these retail banking entities are slightly different and they cater to different customer bases.
Which are Islamic banks?
Islamic banks are financial institutions that operate in accordance with the principles of Islamic law and sharia (Islamic law). These banks offer a range of investment and banking products that comply with Islamic principles, such as not providing loans with interest (known as riba in Islam).
They also have many other distinctions and rules to adhere to, such as no speculation, no direct investments in alcohol, gambling, tobacco, or pornography. Islamic banks also provide social financing products and investment tools in line with Islamic principles, such as profit and loss sharing (PLS) agreements and equity financing.
Islamic banking has grown quickly in recent years, with an estimated $2 trillion in assets held by financial institutions that meet certain Islamic banking standards. Islamic banking is offered by a range of banks throughout the world, including those in Malaysia, Indonesia and the United Arab Emirates, as well as in other countries around the world.
Is it safe to bank with CIMB?
Yes, it is safe to bank with CIMB Bank. CIMB has a long history of providing safe and reliable banking services. It is regulated by the Bank Negara Malaysia and the Financial Services Commission of Malaysia.
CIMB also has a robust security system in place to protect its customers’ assets and information. They have safeguarded their customers’ accounts with 128-bit encrypted data, stringent authentication processes and digital identity verification.
In addition, CIMB has also implemented anti-fraud protocols to protect their customers against identity theft and fraudulent activities. Furthermore, with CIMB SafeOnline, their customers can choose to be alerted when there is any suspicious activities linked to their accounts or cards.
All in all, CIMB is a safe and secure option for customers looking for a dependable banking partner.
What is so special about CIMB Bank?
CIMB Bank is a global leader in Banking, Insurance, Asset Management and Wealth Management services with offices throughout 19 countries. It is one of the top banks in the world in terms of market capitalization and offers a wide range of financial products and services.
CIMB prides itself on delivering excellent customer service and offers innovative products and services to meet the needs of the customers. One of the key aspects that makes CIMB Bank stand out is the accessibility of its services, with one of the most extensive branch operations in the region and a sophisticated digital infrastructure that enables customers to access their accounts and carry out transactions 24/7.
CIMB also offers various attractive products such as savings/current accounts, personal loans, credit cards, mortgages, insurance, investments, and retirement products to meet the needs of customers.
The bank also focuses heavily on corporate banking, providing the necessary services for customers to finance their business operations and mitigate their risk exposure. On top of that, its award-winning CIMB Clicks online banking platform provides customers with access to a variety of convenient digital banking services, allowing customers to manage their finances on the go.
All in all, CIMB Bank is perfectly positioned to deliver comprehensive banking, insurance and wealth management solutions for customers across the region. With its robust digital infrastructure and attractive products and services, CIMB Bank can be trusted to provide reliable, secure and accessible banking services that meet the needs of customers.