Wallets/cimb-thai
CIMB Thai
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Key details
- Parent: acquisition
- Launch: 1949
Overview
CIMB Thai is Thai commercial banking subsidiary of CIMB Bank Malaysia parent KLSE: 1023 + CIMB Bank Malaysia parent ~94%+ controlling + one of Thailand's mid-sized foreign-owned commercial banks + founded 1949 in Bangkok Thailand as Bank of Asia then 1998 BankThai then May 5 2009 CIMB Thai rebrand post-CIMB Group Malaysian parent acquisition 1, Thailand report.
History
1949 — Bank of Asia founded in Bangkok Thailand as Thai commercial bank.
1998 — BankThai rebrand post-Asian financial crisis restructuring.
May 5 2009 — CIMB Thai rebrand post-CIMB Group Malaysian parent acquisition consolidating BankThai into CIMB Thai commercial banking subsidiary distinctive Thai-Malaysian banking consolidation.
2014 — CIMB Thai Mobile banking app launch.
Ownership & operator
Operating entity: CIMB Thai Bank Public Company Limited (Thai commercial banking subsidiary of CIMB Bank Malaysia parent).
Major shareholders: CIMB Bank Malaysia parent (KLSE: 1023) ~94%+ controlling.
Regulators: Bank of Thailand BOT + Bank Negara Malaysia BNM via CIMB parent.
Technical integration
CIMB Thai Mobile app (iOS + Android) + cimbthai.com online + CIMB Thai branch network across Thailand + CIMB Visa + Mastercard + JCB + UnionPay cards; PromptPay (Thai national instant payments) + Thai QR Payment (Thai national QR payment scheme) + UnionPay QRC + Thai Baht THB domestic transfers.
Implementations & partners
Parent group: CIMB Bank (CIMB Bank; KLSE: 1023; Malaysia's second-largest commercial bank by assets; ~14M+ CIMB Bank customers across ASEAN).
Major Thai banking + payments competitors: Bangkok Bank (Bangkok Bank; SET: BBL) + Kasikornbank K PLUS (Kasikornbank KBank; SET: KBANK) + Siam Commercial Bank (SCB) (Siam Commercial Bank SCB; SET: SCB) + Krungthai NEXT (Krung Thai Bank KTB; SET: KTB) + Krungsri Bank of Ayudhya (krungsri app) (Bank of Ayudhya Krungsri; SET: BAY) + TMBThanachart Bank (ttb) (TMBThanachart Bank ttb; SET: TTB) + UOB Thailand (UOB Thailand; UOB Singaporean parent) + PromptPay QR (PromptPay; Thai national instant payments).
Regulators: Bank of Thailand BOT + Bank Negara Malaysia BNM via CIMB parent.
Status
Active, Thai commercial banking subsidiary of CIMB Bank Malaysia parent KLSE:1023 + CIMB Bank Malaysia parent ~94%+ controlling + one of Thailand's mid-sized foreign-owned commercial banks + founded 1949 in Bangkok Thailand as Bank of Asia then 1998 BankThai then May 5 2009 CIMB Thai rebrand post-CIMB Group Malaysian parent acquisition 1, 2.
Sources
- 1 CIMB Thai — official
- 2 CIMB Thai — Wikipedia
- Thailand report In-corpus:
reports/countries/TH-thailand.md
Source
Biography extracted from cimb-thai.md. See matrix.md for standards-support matrix if present.