cimb.docx - 1.0 Background of CIMB CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth

cimb.docx - 1.0 Background of CIMB CIMB Group Holdings...

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1.0 Background of CIMB CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region. The first branches was open in Kuching Malaysia in 1924 by using name is BianChiang Bank by Wee Kheng by manage the business financing and issuance of bills of exchange. In 1986, Bank of Commerce replaced Bank Pertanian as the controlling shareholder of Pertanian BaringSanwa Multinational,following which its name was changed to Commerce International Merchant Bankers Bhd (CIMB). These companies become modern and thriving financial institution in 1990 century and operation in Malaysia and Singapore. In 2000 century, this banking company made new brand such as CIMB Niaga, and lauch CIMB Islamic in 2003. There also formatting of CIMB-Principal (2004), restructuring CIMB Group exercise and launch of CIMB Group as a Regional Universal Bank in 2006.In 2007, this bank was launch of
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