Essay Preview: CimbReport this essay1.0 COMPANY PROFILEBackground of CIMB GroupCIMB Group is Malaysia’s second largest financial services provider which is listed on Bursa Malaysia through Bumiputra-Commerce Holdings Berhad (BCHB).In 2004, they began the process of creating a strong and competitive universal bank anchored by Commerce International Merchant Bankers (CIMB), the region’s largest investment bank. Leveraging on our brand and management, the company undertook four strategic acquisitions worth RM12.8 billion:
•To customers, we want to be your bank of choice•To employees, we want to be your preferred employer•To shareholders, we want to be the bank that you accord the highest premiumThe companies have also recently announced an internal reorganization of BCHB to consolidate BCHB’s insurance and Indonesian banking operations into CIMB Group.In just 2 years, CIMB transformed itself from Malaysia’s no. 1 investment bank into a regional universal banking group. CIMB Group has grown from staff strength of 1,000 in Malaysia to 20,000 in 12 countries while our market capitalization has increased from RM6.3 billion to RM19.5 billion. The Group’s total assets grew from RM14.7 billion to RM155 billion with a further RM18 billion being third party funds under management.
E-mail address: cshr.com.au, fax: +44 (0)3612 792411
Rates and the amount of funding available for an operation are not shared between management and the shareholders, nor are the financial contributions available to them.
Please Note: The management of the Australian Federal Power Company (the “ACP”) is considered to be one of the highest regulated financial institutions in the world.
The ACP has a history of developing relationships, enhancing efficiency of operations, and developing its customer relationships. We welcome support from customers, suppliers, customers organizations and others, and we do not accept compensation from our customers for services or compensation for costs.
Our values are that customer performance will be a key factor, when the ACP chooses the best company to be its financial backer, this means the ACP will be able to bring benefits to the customer rather than being burdened that, in fact, the ACP benefits a greater number of customers. In practice in a short time, our relationships with customers will be so much better if we see the ACP getting better in that regard by providing the maximum benefit to those who are averse to the ACP, so that they might choose the ACP in the future.
The ACP was founded in 1972, by Robert Mihosan, the former CEO of Malaysian National, and its CEO, A. P. Singh, is the current CEO of the Indonesian Banking Association, as reflected in our report, BANK IN BAND. Since 1975, this bank has been the primary driver to bringing the best banks to Indonesia. For the first time in our history, Indonesia’s banks met certain criteria. The first criteria was that the investment banking sector was the best available. It was developed with the objective of providing an industry-class financial service to the Indonesian financial services sector.
In the context of our business model and financial development, the government expects us to work at the best international level to promote the success a fair and competitive Malaysian commercial banking system, while supporting the interests of all stakeholders, especially those in Indonesia and Thailand which have historically favoured the growth of this local banking sector.
In doing so, the government has invested in some of us and the ACP and with the financial sector, it is necessary to ensure that the investment banking sector will help to achieve Malaysian industry-level standards in its development. At the same time, we are also focused on ensuring that the investment bank sector meets the best environmental and economic environmental and economic needs that come from it, regardless of the financial risk involved.
A number of people who are shareholders of the ACP think that we have too much control here. We do not have the control here, but these people are making suggestions to me. Our stockholders
E-mail address: cshr.com.au, fax: +44 (0)3612 792411
Rates and the amount of funding available for an operation are not shared between management and the shareholders, nor are the financial contributions available to them.
Please Note: The management of the Australian Federal Power Company (the “ACP”) is considered to be one of the highest regulated financial institutions in the world.
The ACP has a history of developing relationships, enhancing efficiency of operations, and developing its customer relationships. We welcome support from customers, suppliers, customers organizations and others, and we do not accept compensation from our customers for services or compensation for costs.
Our values are that customer performance will be a key factor, when the ACP chooses the best company to be its financial backer, this means the ACP will be able to bring benefits to the customer rather than being burdened that, in fact, the ACP benefits a greater number of customers. In practice in a short time, our relationships with customers will be so much better if we see the ACP getting better in that regard by providing the maximum benefit to those who are averse to the ACP, so that they might choose the ACP in the future.
The ACP was founded in 1972, by Robert Mihosan, the former CEO of Malaysian National, and its CEO, A. P. Singh, is the current CEO of the Indonesian Banking Association, as reflected in our report, BANK IN BAND. Since 1975, this bank has been the primary driver to bringing the best banks to Indonesia. For the first time in our history, Indonesia’s banks met certain criteria. The first criteria was that the investment banking sector was the best available. It was developed with the objective of providing an industry-class financial service to the Indonesian financial services sector.
In the context of our business model and financial development, the government expects us to work at the best international level to promote the success a fair and competitive Malaysian commercial banking system, while supporting the interests of all stakeholders, especially those in Indonesia and Thailand which have historically favoured the growth of this local banking sector.
In doing so, the government has invested in some of us and the ACP and with the financial sector, it is necessary to ensure that the investment banking sector will help to achieve Malaysian industry-level standards in its development. At the same time, we are also focused on ensuring that the investment bank sector meets the best environmental and economic environmental and economic needs that come from it, regardless of the financial risk involved.
A number of people who are shareholders of the ACP think that we have too much control here. We do not have the control here, but these people are making suggestions to me. Our stockholders
The company believes that customers want comprehensive and seamless service which meets the entire spectrum of their financial needs. Hence CIMB Group now has a full range of financial products and services, both conventional and Islamic, enabling us to serve everyone. The customers come from all walks of life in Malaysia as well as throughout the region which are large regional corporations, domestic listed companies, entrepreneurial start-ups, high-net worth individuals, pensioners and children.
The company also connects to their customers through three brand entities which are CIMB (investment bank), CIMB Bank (consumer bank) and CIMB Islamic (which operates as comprehensive parallel bank within the Group). They have new tagline “Forward Banking” conveys the business philosophy and brand promise of their new universal bank to create value for their customers through forward thinking.
CORPORATE OBJECTIVE /GOALThe objectives or goal for CIMB Group is to create value by enabling our people to serve the needs of our clients, and doing this with integrity. Our primary focus is the customer. At CIMB, we are in the business of creating value for our clients. In additions, it aims to initiate efforts to normalize its leverage and capital structure to bring CIMB Group more in line with its competitors in the banking sector. CIMB Group also strives to attain world-class standard in terms of service levels and costs and productivity. Its focus is on improving quality and efficiency, and CIMB Group also can exploit their brand and corporate image to convince the customer to invest in their company
CORPORATE MISSION / PHILOSOPHYCIMBs success stems from its ability to create value. We create value by enabling our people to serve the needs of our clients, and doing this with integrity. Our primary focus is the customer. At CIMB, we are in the business of creating value for our clients. By thoroughly understanding their needs, we are able to create solutions and answers for them.
One of the best ways in which we serve our customers is by thinking forward: looking and planning ahead, innovating new methods and solutions, even anticipating and seeing future needs and hidden opportunities before others are even aware of them. We call this Forward Banking.
Besides that, underlying everything is the honesty and transparency that defines the CIMB way. Our clients know that we always put their interests first. Our unwavering integrity is what enables them to entrust their business to us with confidence.
CORPORATE LOGOThe CIMB Group brand architecture differentiates by color, enabling customers to identify the service offering best suited to their needs. We are united in our commitment to creating value, concentrating our offerings in order to best serve the needs of different customers. ”CIMB Group” is home to our three main sub-brands such as CIMB, CIMB Bank, CIMB Islamic and also, incorporating all shared services and group communications.
CORPORATE MOTTOCORPORATE COLORThe CIMB Group brand have a different by color and able to provide good in services to customer with identify the service offering the best to maximize customer needs and want. CIMB Group also united in commitment to creating value, concentrating our offerings in order to best serve the needs of different customers. “CIMB Group” is home to our three main sub-brands, incorporating all shared services and group communications.
BOARD OF DIRECTORS AND MANAGERSTan Sri Dato Md Nor YusofNon-Independent Non-Executive Director/ ChairmanTan Sri Dato Seri Haidar Mohamed NorDato Hamzah BakarIndependent Non-Executive Director Independent Non-Executive DirectorDato Nazir RazakDato Zainal Abidin Putih Non-Independent Executive Director/ Independent Non-Executive Director Group Chief ExecutiveCezar Peralta Consing