CIMB Bank Berhad is the primary commercial banking subsidiary of CIMB Group Holdings Berhad. Operating as one of the largest licensed commercial banks in Malaysia, it serves as the operational anchor for the group’s consumer, small-and-medium enterprise (SME), and wholesale banking divisions domestically and regionally.
Company Overview
CIMB Bank Berhad is a tier-one licensed commercial financial institution headquartered at Menara CIMB in Kuala Lumpur Sentral. Incorporated locally as a public limited company by shares, the bank functions as the core engine driving CIMB’s foundational retail and business financial frameworks. Its banking origins stem from deep-rooted local mergers involving legacy entities like Bank Bumiputra Malaysia Berhad and United Asian Bank Berhad.
Unlike its parent company, CIMB Bank Berhad is not directly listed on the stock exchange; instead, it operates as a wholly owned, critical subsidiary of the publicly traded CIMB Group Holdings Berhad.
Products & Services
- Consumer Banking: Personal financing, savings/current accounts, credit and debit card issuance, mortgages, auto loans, and retail wealth management accessible via digital banking platforms (CIMB Clicks and CIMB OCTO).
- SME & Commercial Banking: Tailored corporate accounts, business digitalization packages, cash management, working capital financing, and trade facilities optimized for mid-market businesses.
- Wholesale & Corporate Banking: Strategic capital deployment, large-scale transaction banking, structural debt facilities, and trade finance matching multinational enterprise demands.
- Treasury & Markets: Foreign exchange solutions, primary dealership offerings, interest rate risk management, and customized structured hedging tools.
Target Market
A comprehensive grid of consumer segments from mass retail clients to high-net-worth individuals as well as small-to-medium enterprises (SMEs), mid-tier commercial players, multi-national corporations (MNCs), and institutional entities requiring stable commercial banking execution.
Company Size
- 210+ dedicated physical retail branches nationwide across Malaysia.
- 8+ Million active customers within its domestic retail ecosystem.
- Forms the dominant share of CIMB Group’s RM760+ Billion regional asset portfolio.
- Leverages the strength of the group’s 33,000+ cross-border banking professionals.
Leadership
- Gurdip Singh Sidhu, Chief Executive Officer (CEO) of CIMB Bank & Malaysia
- Novan Amirudin, Executive Director (and Group CEO of CIMB Group Holdings Berhad)
- Datuk Syed Zaid Albar, Chairperson / Independent Director
Key Highlights
- Core Group Pillars: Serves as the primary legal and financial balance sheet backing the group’s prominent market valuation.
- Regulatory Standard Bearer: Functions as a designated Principal Dealer and licensed cash operations anchor under Bank Negara Malaysia supervision.
- Digital Commerce Catalyst: Drives high-volume payment processing pipelines via dedicated merchant acquiring and enterprise transaction networks.
Recent Developments
- FY 2026 Strategy Implementation: Actively driving corporate objectives to fulfill a group-wide target loan growth rate of 4% to 5% for the 2026 financial year.
- Digital Upgrades 2026: Rolled out security updates and localized digital system infrastructure under the CIMB OCTOFest 2026 operational campaign.
- SME Digitization Pipeline: Extended corporate campaign packages (such as Shopmatic and BusinessHR integrations) to accelerate tech adoption among local commercial depositors.
- AI Counter-Fraud Enhancements: Hardened behavioral-analytics layers across individual commercial accounts to address real-time online scam activities.
