Wallets/cimb
CIMB Group / CIMB OCTO
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Overview
CIMB Group is Malaysia #2 bank by assets + regional ASEAN universal bank + CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) [1, 2, my-cro]. Mar 2025 baseline: CIMB 18M consumer banking clients across 5 ASEAN markets (Malaysia + Indonesia + Singapore + Thailand + Cambodia) + 11M digitally active customers + 1,080 branches across ASEAN; CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) distinctive Malaysian banking digital scale; Khazanah Nasional Malaysian sovereign wealth fund controlling.
Distinctive CIMB Group positioning:
- Malaysia #2 bank by assets (after [[maybank]]) + regional ASEAN universal bank with ASEAN as core market
- Mar 2025: 18M consumer banking clients + 11M digitally active across 5 ASEAN markets + 1,080 branches across ASEAN
- CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) distinctive Malaysian banking digital scale
- Khazanah Nasional Malaysian sovereign wealth fund controlling (distinctive Malaysian state-controlled regional ASEAN banking flagship)
- 2025 CIMB Bank Philippines next-level mobile banking app unveiling (CIMB Philippine digital banking expansion)
- 1924 Bian Chiang Bank founding (CIMB ultimate predecessor; Bian Chiang Bank Sarawak) + 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group
- CIMB OCTO replaces legacy CIMB Clicks distinctive Malaysian banking app rebrand
History
1924 — Bian Chiang Bank founded in Sarawak (CIMB ultimate predecessor).
Jan 1 2006 — Bumiputra-Commerce Holdings + CIMB merger → CIMB Group — distinctive Malaysian banking consolidation.
2007 — CIMB Group acquires PT Bank Lippo Indonesia + 2008 CIMB Niaga + Bank Lippo Indonesian merger — distinctive Indonesian banking consolidation (Indonesia's largest banking merger by capitalization at the time).
2014 — CIMB Clicks mobile banking app launches.
2022 — CIMB OCTO mobile banking app early release (next generation mobile banking app rebrand from CIMB Clicks).
Mar 2025 — CIMB 18M consumer banking clients across 5 ASEAN markets + 11M digitally active customers + 1,080 branches across ASEAN [1, 2].
2025 — CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) + CIMB Bank Philippines next-level mobile banking app unveiling [3].
Ownership & operator
Operating entity: CIMB Group Holdings Berhad (KLSE: CIMB).
Major shareholders: Khazanah Nasional Berhad (Malaysian sovereign wealth fund) ~26% controlling + Employees Provident Fund (EPF Malaysian state pension; ~15%) + Mitsubishi UFJ Financial Group (MUFG) ~6% strategic + Permodalan Nasional Berhad (PNB Malaysian state asset manager) + Malaysian institutional + Malaysian + ASEAN retail public float.
Regulator: BNM (Bank Negara Malaysia).
Technical integration
CIMB OCTO MY mobile banking app (iOS + Android; 110M+ monthly transactions FY2024 +70% YoY) + cimb.com online + CIMB cards (Visa + Mastercard + MyDebit) + CIMB Malaysian + 4-country ASEAN branch network (1,080 branches); DuitNow QR + RENTAS Malaysian RTGS + Malaysian ACH; CIMB OCTO replaces legacy CIMB Clicks distinctive Malaysian banking app rebrand; CIMB Bank Philippines next-level mobile banking app unveiling 2025.
Users & growth
Mar 2025: CIMB 18M consumer banking clients across 5 ASEAN markets (Malaysia + Indonesia + Singapore + Thailand + Cambodia) + 11M digitally active customers + 1,080 branches across ASEAN; CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY).
Use cases
Malaysian + Indonesian + Singaporean + Thai + Cambodian + Philippine retail + private + corporate + SME + investment + Islamic banking via CIMB OCTO MY + cimb.com online + cards + branches + CIMB Bank Philippines next-level mobile banking app 2025; DuitNow QR + RENTAS Malaysian RTGS + Malaysian ACH.
Implementations & partners
Operator: CIMB Group Holdings Berhad (KLSE: CIMB); Khazanah Nasional ~26% controlling + EPF ~15% + MUFG ~6% strategic + PNB.
Subsidiaries: [[cimb-niaga]] (CIMB Indonesian subsidiary; ~92% controlling; Indonesia #7 by assets Dec 2024; 287 Indonesian branches) + CIMB Bank Singapore + CIMB Bank Philippines + CIMB Thai + CIMB Bank Cambodia + CIMB Islamic + CIMB Investment Bank + Touch 'n Go Digital (CIMB Malaysian mobile wallet 50/50 joint venture with Alibaba's Ant Group).
Major Malaysian banking competitors: [[maybank]] (Malaysia #1 by assets + Khazanah ~64% controlling + Maybank2U distinctive Malaysian banking app) + Public Bank Berhad (Malaysia #3 by assets; MyPB App) + RHB Bank (Malaysia #4 by assets; RHB Mobile Banking app + Malaysia's first banking widget) + Hong Leong Bank (HLB Connect Online + Mobile Banking App) + AmBank Malaysia + Affin Bank Malaysia + Alliance Bank Malaysia.
Regulator: BNM.
Fun facts
- Malaysia #2 bank by assets (after [[maybank]]) + regional ASEAN universal bank with ASEAN as core market.
- Mar 2025: 18M consumer banking clients + 11M digitally active across 5 ASEAN markets + 1,080 branches across ASEAN.
- CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) distinctive Malaysian banking digital scale.
- Khazanah Nasional Malaysian sovereign wealth fund controlling (distinctive Malaysian state-controlled regional ASEAN banking flagship).
- 2025 CIMB Bank Philippines next-level mobile banking app unveiling (CIMB Philippine digital banking expansion).
- 1924 Bian Chiang Bank founding (CIMB ultimate predecessor; Bian Chiang Bank Sarawak) + Jan 1 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group.
- 2008 CIMB Niaga + Bank Lippo Indonesian merger — distinctive Indonesian banking consolidation (Indonesia's largest banking merger by capitalization at the time).
- CIMB OCTO replaces legacy CIMB Clicks distinctive Malaysian banking app rebrand.
Comparison
| Feature | CIMB Group / CIMB OCTO | [[maybank]] (Malaysia #1 by assets rival; Khazanah ~64% controlling; Maybank2U) | Public Bank Berhad (Malaysia #3 by assets rival; MyPB App + 4.1% MyPB MAU growth 2025) | RHB Bank (Malaysia #4 by assets rival; RHB Mobile Banking app + Malaysia's first banking widget) | Hong Leong Bank (Malaysia rival; HLB Connect Online + Mobile Banking App) |
|---|---|---|---|---|---|
| Operator | CIMB Group Holdings Berhad (KLSE: CIMB; Khazanah ~26% controlling) | Malayan Banking Berhad (Maybank; KLSE: MAYBANK; Khazanah ~64% controlling) | Public Bank Berhad (KLSE: PBBANK; Teh Hong Piow founding family controlling) | RHB Bank Berhad (KLSE: RHBBANK) | Hong Leong Bank Berhad (KLSE: HLBANK) |
| Type | Malaysia #2 + regional ASEAN universal bank + 18M consumer banking clients across 5 ASEAN markets + 11M digitally active Mar 2025 + 1,080 ASEAN branches + CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) + CIMB Niaga 287 Indonesian branches + Touch 'n Go 50/50 Ant Group JV | Malaysia #1 by assets + Maybank2U Malaysian banking flagship + 18 ASEAN + global countries + Maybank Indonesia + Maybank Singapore + Maybank Philippines + Maybank Cambodia | Malaysia #3 by assets + MyPB App + 4.1% MyPB MAU growth 2025 + 52.3% mobile banking transactions growth 2025 + Aug 15 2025 PB engage MY app retirement → MyPB App migration | Malaysia #4 by assets + RHB Mobile Banking app + Malaysia's first banking widget + targeting 1M users by end of year (from 500K) + "Progress 27" digitalisation strategy + Jun 18 2025 smarter mobile banking experience launch | Hong Leong Bank Malaysia + HLB Connect Online + Mobile Banking App + Oct 17 2025 biometric (face ID + fingerprint) verification |
| Country | MY + ID + SG + TH + KH + PH | MY + 17+ countries | MY + 5+ countries | MY + 9+ countries | MY + 3+ countries |
| Distinctive | 1924 Bian Chiang Bank founding (Sarawak); Jan 1 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group; 2007 PT Bank Lippo Indonesia acquisition; 2008 CIMB Niaga + Bank Lippo Indonesian merger (Indonesia's largest banking merger by capitalization at the time); 2014 CIMB Clicks launch; 2022 CIMB OCTO early release rebrand; 2025 CIMB Bank Philippines next-level mobile banking app unveiling | 1960 Maybank founding; Khazanah ~64% controlling | 1965 Public Bank founding by Teh Hong Piow (Malaysian banking pioneer); Aug 15 2025 PB engage MY app retirement | 1913 RHB Bank founding heritage + multiple Malaysian banking consolidations | 1905 Hong Leong Bank founding heritage |
Status
Active, Malaysia #2 bank by assets + regional ASEAN universal bank + CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) [1, 2, 3]:
- CIMB Group Holdings Berhad (KLSE: CIMB; Khazanah ~26% controlling) since 1924 Bian Chiang Bank founding + Jan 1 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group + 2008 CIMB Niaga + Bank Lippo Indonesian merger.
- Mar 2025: 18M consumer banking clients across 5 ASEAN markets + 11M digitally active + 1,080 branches across ASEAN.
- CIMB OCTO + CIMB Niaga + CIMB Bank Singapore + CIMB Bank Philippines + CIMB Thai + CIMB Bank Cambodia + CIMB Islamic + CIMB Investment Bank + Touch 'n Go 50/50 Ant Group JV.
- BNM regulated.
Sources
- 1 CIMB — Wikipedia
- 2 Our Customers — CIMB
- 3 CIMB Debuts Brand New Mobile App CIMB OCTO — Fintech News Malaysia
- my-cro In-corpus:
reports/countries/MY-malaysia.md
Source
Biography extracted from cimb.md. See matrix.md for standards-support matrix if present.