- Business
- CIMB Group Holdings Berhad (1023.KL) operates as a leading universal bank in ASEAN, providing a comprehensive suite of financial products and services including retail banking such as deposits, loans, mortgages, credit cards, and personal financing; consumer banking with savings accounts, remittances, and insurance products; commercial banking encompassing working capital financing, trade finance, cash management, and project financing; wholesale banking featuring syndicated loans, debt capital markets, advisory services, and fixed income trading; Islamic banking under CIMB Islamic with Shariah-compliant deposits, financing, investments, and wealth management; investment banking through CIMB Investment Bank offering equity capital markets, mergers and acquisitions advisory, and securities brokerage; asset management and insurance via CIMB Principal Asset Management and CIMB Aviva; and digital banking solutions including mobile apps, online platforms, and fintech partnerships. The group serves individual consumers, small and medium enterprises, corporates, and institutional clients across key business segments of consumer banking, commercial banking, wholesale banking, investment banking, Islamic banking, and group treasury. It maintains extensive geographic operations in Malaysia (primary market), Singapore, Indonesia, Thailand, Cambodia, Vietnam, the Philippines, China, the United States, the United Kingdom, and other regions, with headquarters in Kuala Lumpur, Malaysia, where it was founded in 2006 through the merger of Commerce Asset-Holding Berhad and Bumiputra-Commerce Holdings Berhad. Subsidiaries include CIMB Bank Berhad, CIMB Investment Bank Berhad, CIMB Islamic Bank Berhad, and international units like CIMB Singapore and CIMB Niaga in Indonesia. Recent major developments include the 2024 strategic partnership with Google Cloud to enhance digital banking capabilities and AI-driven services; expansion of Islamic banking offerings with new Shariah-compliant digital products launched in 2025; and a MYR 2 billion capital raise in late 2024 to support ASEAN growth initiatives, alongside strengthened cross-border alliances in Thailand and Indonesia for SME lending.