CIMB Group is a leading ASEAN universal bank and a world leader in Islamic Finance organization.
We strongly believe in making a difference by building a workforce with an employee-focused culture. A part of transforming CIMB into a different, more agile financial entity in the digital economy.
At CIMB, we place everyone at the heart of everything we do. With this in mind, we embarked on a culture-building journey known as 'A Better CIMB' (ABC) to build a unifying culture for the Group.
Our values (Customer Obsessed, Hugh Performance, Integrity, Diversity & Inclusion, Agility) will serve as the cornerstone of the culture that we aspire to have and drives us to achieve our purpose.
At CIMB, you don't just work, but you will be recognized by effort and pushed to go the extra mile.
What It Does: It Offers consumer banking, commercial banking, investment banking, Islamic banking, and asset management products and services.
Staff Stats: Around 40,000 staff worldwide
Financials: RM17.189 billion
Best known for CIMB Group has approximately 16 million customers in 18 global markets
The good bits: The company ensures work-life balance through ‘CIMB Workplace Wellness’. The benefits include women empowerment, flexible work arrangement, health, and financial wellbeing programs.
The not-so-good bits: CIMB Bank follows a customer-centric approach by putting clients' ‘at the heart’ of operations, which may not be conducive for some individuals.
CIMB Group Holdings Berhad has been listed on the Main Market of Bursa Malaysia since 1987 and has a market capitalization of RM46.2 billion as of 30 June 2021. As of 30 June 2021, total assets stood at RM612.4 billion, with total shareholders’ funds of RM58.5 billion and total Islamic assets of RM147.5 billion. At the end of June 2021, the substantial shareholders were Khazanah Nasional Berhad with 27.0%, Employees Provident Fund with 15.4%, and Kumpulan Wang Persaraan (Diperbadankan) with 6.3%.
1974 - Pertanian Baring Sanwa Multinational Berhad (PBS); incorporated by Bank Pertanian, Baring Brothers, Multinational Bank of the United Kingdom, and Sanwa Bank of Japan. It was managed by Baring Brothers and provided corporate advisory and funding services to multinationals.
1986 - It was renamed Commerce International Merchant Bankers Berhad (CIMB) as a result of BCB replacing Bank Pertanian as the controlling shareholder of PBS. Corporate finance remained CIMB's main focus and stockbroking was added to its range of services
2003 - CIMB was listed on the main board of the Kuala Lumpur Stock Exchange in 2003. In the same year, CIMB Islamic was launched providing customers with Syariah compliant solutions
2005 - CIMB acquired Singapore-based G.K. Goh, which was established in 1979 as an international stockbroker. This led to the formation of CIMB-GK, CIMB's international investment banking operations.
2008 - CIMB Group undertook the merger of PT Bank Niaga TBK & PT Bank Lippo TBK to create the sixth-largest bank in Indonesia.
2009 - CIMB Group set up retail banking services in Singapore through CIMB Bank Singapore.
2010 - CIMB Group expanded to Cambodia through the fully owned subsidiary CIMB Bank Plc
2014 - CIMB Group begins operation in Lao PDR with the opening of CIMB Thai at Vietnam branch.
2016 - CIMB opens its first Branch in Vietnam.
2018 - CIMB receives approval from Bangko sental Ng Pilipinas to establish and operate its banking business in Philipines.
The company puts its ‘customers at the heart of everything we do’. This can imply a fast-paced work environment to meet clients’ demands, which may not be a good fit for individuals who dislike a customer-centric approach. CIMB still challenges its employees to learn more and prepare for the Fourth Industrial Revolution through different training programs.
While the bank prioritizes customers, the welfare of employees isn’t neglected based on plenty of learning opportunities from the CIMB 3D Academy, sponsorships, and scholarships for MBA or postgraduate degrees
CIMB seems to be a good choice for those who strongly prefer a healthy work-life balance. The initial salary for fresh graduates may not be as high as the rate from other companies, but keep in mind that the CIMB Workplace Wellness scheme may be enough to compensate for the low pay. Your salary will increase once you gain more experience and take further studies. CIMB even encourages employees to apply for company-sponsored educational scholarships to fast-track their careers.
Most people apply online for internships or entry-level roles at CIMB Bank. You can apply to be an intern for the company at any time of the year, subject to the availability of jobs. The hiring process can last from one to three weeks on average. Employee referrals and campus job fairs are other ways to join CIMB Bank.
Students and graduates can choose from three digital training programs at CIMB Bank. The 101 Series raises awareness on artificial intelligence, the internet of things (IoT), financial technology, blockchain, and other IT concepts. The 201 Series will train you for competencies in software application development and data analytics among other software skills. The 301 Series hone future experts on data science, IoT, and other special skills.
Entry-level roles for fresh graduates include business development managers for commercial banking, innovation lab executives, direct sales officers, and telesales officers.
The bank’s employees, though, enjoy several benefits under the ‘CIMB Workplace Wellness’ scheme. CIMB Bank categorized the benefits into four groups comprising women empowerment, flexible work arrangement, health, and financial wellbeing programs.
Flexible work benefits include telecommuting, a reduced workweek, ‘Flex Parents’, and a one-month paternity leave. Female employees have access to the nursing room and childcare center facilities, special parking areas for pregnant women, extended maternity leave, ‘commitment to 30%’, and return-to-work assistance.
Health programs consist of health fairs and sessions, exercise and fitness, medical screenings, and products. Employees can also use in-house gyms, dental, and other clinic facilities, and participate in the CIMB Health & Wellness year. The financial wellbeing programs include scholarships, 0 percent interest home loans, employee loans, and financial assistance for single parents.