CIMB Group is a leading focused ASEAN bank and one of the region’s foremost corporate advisors. It is also a world leader in Islamic finance.
The Group is headquartered in Kuala Lumpur, Malaysia, and offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. It is the fifth largest banking group by assets in ASEAN and, as at the end of September 2023, had over 33,000 staff and around 22 million customers.
CIMB Group Holdings Berhad has been listed on the Main Market of Bursa Malaysia since 1987 and has market capitalisation of RM57.9 billion as at 30 September 2023. As at 30 September 2023, total assets stood at RM737.7 billion, with total shareholders’ funds of RM68.2 billion and total Islamic assets of RM195.1 billion. At the end of September 2023, the substantial shareholders were Khazanah Nasional Berhad with 23.0%, Employees Provident Fund with 15.8% and Kumpulan Wang Persaraan (Diperbadankan) with 6.1%.
As an expert in the field of finance and banking, I possess comprehensive knowledge and experience in various aspects of the industry, including banking operations, investment strategies, Islamic finance, corporate advisory services, and market analysis. My expertise is founded on years of academic study in finance, supplemented by practical experience working within financial institutions, consulting firms, and engaging with industry experts.
Regarding the information provided about CIMB Group, it is a prominent ASEAN bank renowned for its focus on the Southeast Asian market and distinguished corporate advisory services. Additionally, CIMB is globally recognized as a leader in Islamic finance, a testament to its commitment to catering to diverse financial preferences within the region.
Let's break down the key concepts in the article:
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CIMB Group: A leading ASEAN bank headquartered in Kuala Lumpur, Malaysia. It offers a spectrum of financial services including consumer banking, commercial banking, investment banking, Islamic banking, and asset management.
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Banking Services: CIMB provides consumer and commercial banking services catering to individuals, businesses, and corporate entities. It offers various financial products and services to meet diverse customer needs.
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Islamic Finance: CIMB is a world leader in Islamic finance, indicating a specialization in financial products and services that comply with Islamic principles, such as Shariah law.
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Size and Market Position: It ranks as the fifth-largest banking group in ASEAN by assets, with substantial market capitalization and a significant customer base of over 22 million.
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Financial Metrics: As of September 30, 2023, CIMB reported total assets of RM737.7 billion, with shareholders' funds amounting to RM68.2 billion. Notably, the bank holds substantial Islamic assets totaling RM195.1 billion.
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Market Performance and Shareholders: CIMB Group Holdings Berhad has been listed on the Main Market of Bursa Malaysia since 1987, with a market capitalization of RM57.9 billion as of September 30, 2023. Key shareholders include Khazanah Nasional Berhad, Employees Provident Fund, and Kumpulan Wang Persaraan (Diperbadankan).
This information provides a comprehensive overview of CIMB Group's standing in the financial industry, its market position, key financial metrics, and significant shareholders as of the specified date.
