CIMB Thai

Key details

• Parent: acquisition
• Launch: 1949

Overview

CIMB Thai is Thai commercial banking subsidiary of CIMB Bank Malaysia parent KLSE: 1023 + CIMB Bank Malaysia parent ~94%+ controlling + one of Thailand's mid-sized foreign-owned commercial banks + founded 1949 in Bangkok Thailand as Bank of Asia then 1998 BankThai then May 5 2009 CIMB Thai rebrand post-CIMB Group Malaysian parent acquisition [1, th-cro].

History

1949 — Bank of Asia founded in Bangkok Thailand as Thai commercial bank.

1998 — BankThai rebrand post-Asian financial crisis restructuring.

May 5 2009 — CIMB Thai rebrand post-CIMB Group Malaysian parent acquisition consolidating BankThai into CIMB Thai commercial banking subsidiary distinctive Thai-Malaysian banking consolidation.

2014 — CIMB Thai Mobile banking app launch.

Ownership & operator

Operating entity: CIMB Thai Bank Public Company Limited (Thai commercial banking subsidiary of CIMB Bank Malaysia parent).

Major shareholders: CIMB Bank Malaysia parent (KLSE: 1023) ~94%+ controlling.

Regulators: Bank of Thailand BOT + Bank Negara Malaysia BNM via CIMB parent.

Technical integration

CIMB Thai Mobile app (iOS + Android) + cimbthai.com online + CIMB Thai branch network across Thailand + CIMB Visa + Mastercard + JCB + UnionPay cards; PromptPay (Thai national instant payments) + Thai QR Payment (Thai national QR payment scheme) + UnionPay QRC + Thai Baht THB domestic transfers.

Implementations & partners

Parent group: [[cimb-bank]] (CIMB Bank; KLSE: 1023; Malaysia's second-largest commercial bank by assets; ~14M+ CIMB Bank customers across ASEAN).

Major Thai banking + payments competitors: [[bangkok-bank]] (Bangkok Bank; SET: BBL) + [[kasikorn-bank]] (Kasikornbank KBank; SET: KBANK) + [[siam-commercial-bank]] (Siam Commercial Bank SCB; SET: SCB) + [[krungthai-bank]] (Krung Thai Bank KTB; SET: KTB) + [[krungsri]] (Bank of Ayudhya Krungsri; SET: BAY) + [[ttb-bank]] (TMBThanachart Bank ttb; SET: TTB) + [[uob-thailand]] (UOB Thailand; UOB Singaporean parent) + [[promptpay-th]] (PromptPay; Thai national instant payments).

Regulators: Bank of Thailand BOT + Bank Negara Malaysia BNM via CIMB parent.

Status

Active, Thai commercial banking subsidiary of CIMB Bank Malaysia parent KLSE:1023 + CIMB Bank Malaysia parent ~94%+ controlling + one of Thailand's mid-sized foreign-owned commercial banks + founded 1949 in Bangkok Thailand as Bank of Asia then 1998 BankThai then May 5 2009 CIMB Thai rebrand post-CIMB Group Malaysian parent acquisition [1, 2].

Sources

• 1 CIMB Thai — official
• 2 CIMB Thai — Wikipedia
• th-cro In-corpus: reports/countries/TH-thailand.md

Source

Biography extracted from cimb-thai.md. See matrix.md for standards-support matrix if present.