History

CIMB Thai Bank

CIMB Thai Bank Public Company Limited, previously known as Bank Thai Public Company Limited, was established in 1998 with the Financial Institutions Development Fund (FIDF) as the major shareholder. On 5 November 2008, CIMB Bank Berhad became the largest shareholder in Bank Thai and on 4 May 2009, the Bank completed the registration of its new name: "ธนาคาร ซีไอเอ็มบี ไทย จำกัด (มหาชน)" in Thai and "CIMB Thai Bank Public Company Limited" in English. This name change reflects the official transition of Bank Thai from being a single company to a member of CIMB Group.

In recent years, CIMB Thai Bank has achieved growth in several areas. In 2013, CIMB Thai group recorded a consolidated net profit of THB 1,490 million, or a 14% y-o-y growth, and a loan growth of 23% y-o-y. As at 30 June 2014, the Bank had a first-half net profit of THB 625 million, increasing 15% y-o-y. Its capital adequacy ratio was 13.8%.

To leverage synergy of ASEAN leading banking group and be ready for the upcoming AEC, CIMB Thai Bank - Vientiane Branch has been open to operation since 25 July 2014, aiming to serve as ‘Gateway to ASEAN and Beyond’ for Thai and foreign clients, particularly people of the Lao PDR, to access universal financial and investment solutions via such products and services as trade finance, credit facilities and international money transfers. CIMB Thai Bank - Vientiane Branch is located on Lane Xang Avenue Road in Vientiane CBD.

CIMB Group is the second largest financial service provider in Malaysia and the fifth largest universal banking franchise in ASEAN by asset size. It offers consumer banking, investment banking, Islamic banking, asset management and insurance products and services. Headquartered in Kuala Lumpur, the Group is now present in nine out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar and Lao PDR). Beyond ASEAN, the Group has market presence in China, Hong Kong, Bahrain, India, Sri Lanka, Australia, Taiwan, Korea, the US and the UK.

CIMB Group has the most extensive retail branch network in ASEAN of more than 1,000 branches as at 31 March 2014. Its investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage of more than 1,000 stocks in the region.

CIMB Group operates its business through three main brand entities, i.e. CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Bank is the core of the Group’s commercial banking operations, while CIMB Islamic mainly runs the global Islamic banking and financial business. Both CIMB Bank and CIMB Islamic provide retail banking solutions on dual banking systems. CIMB Group is also the 97.9% shareholder of Bank CIMB Niaga in Indonesia, and 93.7% shareholder of CIMB Thai in Thailand.

CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM58.8 billion as at 31 March 2014. The Group has over 40,000 employees located in 18 countries.