CIMB Bank Berhad is the commercial banking arm of CIMB Group, offering retail banking services to over 5.3 million customers in Malaysia. It provides a comprehensive range of consumer banking products and services through a country-wide network of 323 branches, and over 2100 self-service terminals and internet channels. As the second largest commercial bank in Malaysia, CIMB Bank holds significant market share across all consumer banking products. It was named Best Domestic Bank in Malaysia 2009 by Asiamoney. 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 78.26%-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 641 branches nationwide. Bank CIMB Niaga offers a comprehensive range of conventional and Shariah-compliant banking products and services. It has an established track record in customer service excellence and management development, and is well regarded as one of the most innovative banks in Indonesia, being the first local bank to introduce ATM services in 1987 and online banking in 1991. It is currently the second largest mortgage provider in Indonesia with a 10.9% 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. With subsidiary businesses in stockbroking, insurance and asset management, BankThai is the 10th largest commercial bank in Thailand by assets with 147 branches nationwide.
CIMB Group also has commercial banking branches in Hong Kong and London.
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