CIMB Singapore

By: EconomyWatch Content   Date: 28 October 2009

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CIMB Singapore is a fully licensed bank, and a subsidiary of CIMB Group, the second largest bank in Malaysia. The Group entered into the Singapore market during 2005 after the acquisition of G. K. Goh Stockbrokers Pte. Ltd. The latter is a reputed pan-Asian stock broking franchise with business operations in Indonesia, Singapore, Thailand, United Kingdom, Hong Kong, and the United States. The company’s international capital markets arm is called CIMB-GK. The bank has also expanded into the Singaporean retail banking segment. CIMB Singapore has significant expertise in asset management, capital markets and retail business solutions.

CIMB Singapore: Retail Securities and Banking

CIMB Singapore’s strong brokerage franchise and award-winning research give access to broker-assisted trade services. Starmine Awards 2008 recognized CIMB-GK as one of the top brokerage houses in Asia. CIMB-GK offers direct trading access to Singapore Exchange (SGX), Hong Kong Stock Exchange (HKEX), Bursa Malaysia (BURSA), New York Stock Exchange (NYSE), American Stock Exchange (AMEX), and National Association of Securities Dealers Automated Quotations (NASDAQ), with the help of its online trading portal and conventional brokerage services. In retail banking, CIMB Singapore has expanded its offerings into a complete range of financial services and products, leveraging its extensive branch networks and resources.

CIMB Singapore Bank – Islamic Banking

CIMB Singapore Bank offers Sharia-compliant financial services and products through its CIMB Islamic Bank Berhad. With this Islamic Bank, CIMB Group serves small- and medium-scale enterprises, individuals and large institutional customers in consumer banking, investment banking, asset management, Takaful and private banking. Basically, CIMB Islamic Banking is a culmination of deep belief in traditions and constant innovation through Sharia principles and the latest banking technologies. This endeavor of CIMB Singapore was recognized in 2004 when the bank received Euromoney's “Best Provider of Islamic Financial Services in Asia” award.

CIMB has brought its innovative financial products and services to Singapore to maximize Singapore customers’ value for money in a highly competitive market. The bank has large teams of mobile personal bankers who take the bank to the customers for enhanced convenience. With the help of CIMB Singapore Bank, Singaporeans can leverage the bank’s capabilities as a Southeast Asian universal bank.


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