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Last update: 2021-11-11 00:00:00
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About CIMB Group
CIMB Group is a large commercial bank headquarted in Kuala Lumpur, Malaysia. It was founded in 1924 as Bian Ching Bank in Kuching. After several mergers with other banks such as Ban Hin Lee Bank, Bank Lippo, Bank Niaga, United Asian Bank, Southern Bank and Bumiputra Commerce Bank, CIMB Group was officially formed in 2006. Its operations are focused on Consumer Banking, Corporate & Institutional Banking and Markets and Group Asset Management & Insurance. CIMB's investment bank is one of the largests in Asia. It also has an Islamic banking and finance franchise, called CIMB Islamic.
Jalan Raja Laut
50350 Kuala Lumpur
Dato' Abdul Rahman Ahmad |
Annual report 2020|
CSR report 2020
listed on Bursa Malaysia
CIMB Group's largest shareholder is Khazanah Nasional (a sovereign wealth fund owned by the Government of Malaysia) with 25.6% of the shares (dated Nov 15 2021). The bank's complete shareholder structure can be accessed here.
|Complaints and grievances||
CIMB Group operates a Grievance Redressal channel which can be accessed here.
Related Dodgy Deals
Dodgy Deals map
Banks and Human Rights
Human Rights Benchmark Asia 2022
CIMB Group's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Asia 2022. The bank is assessed as a Laggard, with a total score of 2.5 out of 14.
Due dilligence: 1/5
World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds
Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?
A call to action on the Principles for Responsible Banking: End climate-destructive financing now
Principles for Responsible Banking no obstacle to finance climate destruction
Banks are fueling deadly fires, Covid-19 threatens to compound the risks
Major Brands and Banks Complicit in the Production of Conflict Palm Oil on Stolen Community Lands in Indonesia
New report profiles major brands and banks driving deforestation and human rights abuses, failing to meet 2020 commitments
New report: Towards responsible and inclusive financing of the palm oil sector
Major international banks and investors finance devastating impacts of forest-risk commodities
Governance and risk (includes sustainability policy, sustainability risk management framework, human rights policy)
Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?
Keep Forests Standing
A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now
Japanese and Malaysian banks and investors continue to pump billions of dollars into forest-risk companies, without adequate environmental and social safeguards
Sime Darby urged to resolve long-standing land rights conflict before stock exchange listing of its plantation division
Voluntary standardsCIMB Group has committed itself to the following voluntary standards:
CIMB Group's web page on corporate social responsibility can be accessed here.