# CIMB Group / CIMB OCTO

> Source: https://docs.barcoder.ai/docs/wallets/cimb
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [CIMB Group — official](https://www.cimb.com/)

## Overview

**CIMB Group** is **Malaysia #2 bank by assets** + **regional ASEAN universal bank** + **CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY)** <sup>[1][1], [2][2], [Malaysia report](https://docs.barcoder.ai/docs/payments/MY)</sup>. **Mar 2025 baseline**: CIMB 18M consumer banking clients across 5 ASEAN markets (Malaysia + Indonesia + Singapore + Thailand + Cambodia) + **11M digitally active customers** + 1,080 branches across ASEAN; **CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY)** distinctive Malaysian banking digital scale; Khazanah Nasional Malaysian sovereign wealth fund controlling.

**Distinctive CIMB Group positioning**:
- **Malaysia #2 bank by assets** (after [Maybank Malaysia](https://docs.barcoder.ai/docs/wallets/maybank-malaysia)) + **regional ASEAN universal bank** with ASEAN as core market
- **Mar 2025**: 18M consumer banking clients + 11M digitally active across 5 ASEAN markets + 1,080 branches across ASEAN
- **CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY)** distinctive Malaysian banking digital scale
- **Khazanah Nasional Malaysian sovereign wealth fund controlling** (distinctive Malaysian state-controlled regional ASEAN banking flagship)
- **2025 CIMB Bank Philippines next-level mobile banking app unveiling** (CIMB Philippine digital banking expansion)
- **1924 Bian Chiang Bank founding** (CIMB ultimate predecessor; Bian Chiang Bank Sarawak) + **2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group**
- **CIMB OCTO replaces legacy CIMB Clicks** distinctive Malaysian banking app rebrand

## History

**1924 — Bian Chiang Bank founded in Sarawak** (CIMB ultimate predecessor).

**Jan 1 2006 — Bumiputra-Commerce Holdings + CIMB merger → CIMB Group** — distinctive Malaysian banking consolidation.

**2007 — CIMB Group acquires PT Bank Lippo Indonesia** + **2008 CIMB Niaga + Bank Lippo Indonesian merger** — distinctive Indonesian banking consolidation (Indonesia's largest banking merger by capitalization at the time).

**2014 — CIMB Clicks mobile banking app launches**.

**2022 — CIMB OCTO mobile banking app early release** (next generation mobile banking app rebrand from CIMB Clicks).

**Mar 2025 — CIMB 18M consumer banking clients across 5 ASEAN markets + 11M digitally active customers + 1,080 branches across ASEAN** <sup>[1][1], [2][2]</sup>.

**2025 — CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY)** + **CIMB Bank Philippines next-level mobile banking app unveiling** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **CIMB Group Holdings Berhad (KLSE: CIMB)**.

**Major shareholders**: **Khazanah Nasional Berhad (Malaysian sovereign wealth fund) ~26% controlling + Employees Provident Fund (EPF Malaysian state pension; ~15%) + Mitsubishi UFJ Financial Group (MUFG) ~6% strategic + Permodalan Nasional Berhad (PNB Malaysian state asset manager) + Malaysian institutional + Malaysian + ASEAN retail public float**.

**Regulator**: **BNM (Bank Negara Malaysia)**.

## Technical integration

**CIMB OCTO MY mobile banking app** (iOS + Android; 110M+ monthly transactions FY2024 +70% YoY) + cimb.com online + CIMB cards (Visa + Mastercard + MyDebit) + CIMB Malaysian + 4-country ASEAN branch network (1,080 branches); DuitNow QR + RENTAS Malaysian RTGS + Malaysian ACH; **CIMB OCTO replaces legacy CIMB Clicks** distinctive Malaysian banking app rebrand; **CIMB Bank Philippines next-level mobile banking app unveiling 2025**.

## Users & growth

**Mar 2025**: CIMB 18M consumer banking clients across 5 ASEAN markets (Malaysia + Indonesia + Singapore + Thailand + Cambodia) + 11M digitally active customers + 1,080 branches across ASEAN; **CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY)**.

## Use cases

Malaysian + Indonesian + Singaporean + Thai + Cambodian + Philippine retail + private + corporate + SME + investment + Islamic banking via CIMB OCTO MY + cimb.com online + cards + branches + **CIMB Bank Philippines next-level mobile banking app 2025**; DuitNow QR + RENTAS Malaysian RTGS + Malaysian ACH.

## Implementations & partners

**Operator**: CIMB Group Holdings Berhad (KLSE: CIMB); **Khazanah Nasional ~26% controlling + EPF ~15% + MUFG ~6% strategic + PNB**.

**Subsidiaries**: **[CIMB Niaga / OCTO Mobile](https://docs.barcoder.ai/docs/wallets/cimb-niaga) (CIMB Indonesian subsidiary; ~92% controlling; Indonesia #7 by assets Dec 2024; 287 Indonesian branches)** + **CIMB Bank Singapore + CIMB Bank Philippines + CIMB Thai + CIMB Bank Cambodia + CIMB Islamic + CIMB Investment Bank + Touch 'n Go Digital (CIMB Malaysian mobile wallet 50/50 joint venture with Alibaba's Ant Group)**.

**Major Malaysian banking competitors**: [Maybank Malaysia](https://docs.barcoder.ai/docs/wallets/maybank-malaysia) (Malaysia #1 by assets + Khazanah ~64% controlling + Maybank2U distinctive Malaysian banking app) + Public Bank Berhad (Malaysia #3 by assets; MyPB App) + RHB Bank (Malaysia #4 by assets; RHB Mobile Banking app + Malaysia's first banking widget) + Hong Leong Bank (HLB Connect Online + Mobile Banking App) + AmBank Malaysia + Affin Bank Malaysia + Alliance Bank Malaysia.

**Regulator**: BNM.

## Fun facts

- **Malaysia #2 bank by assets** (after [Maybank Malaysia](https://docs.barcoder.ai/docs/wallets/maybank-malaysia)) + **regional ASEAN universal bank** with ASEAN as core market.
- **Mar 2025**: 18M consumer banking clients + 11M digitally active across 5 ASEAN markets + 1,080 branches across ASEAN.
- **CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY)** distinctive Malaysian banking digital scale.
- **Khazanah Nasional Malaysian sovereign wealth fund controlling** (distinctive Malaysian state-controlled regional ASEAN banking flagship).
- **2025 CIMB Bank Philippines next-level mobile banking app unveiling** (CIMB Philippine digital banking expansion).
- **1924 Bian Chiang Bank founding** (CIMB ultimate predecessor; Bian Chiang Bank Sarawak) + **Jan 1 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group**.
- **2008 CIMB Niaga + Bank Lippo Indonesian merger** — distinctive Indonesian banking consolidation (Indonesia's largest banking merger by capitalization at the time).
- **CIMB OCTO replaces legacy CIMB Clicks** distinctive Malaysian banking app rebrand.

## Comparison

| Feature | CIMB Group / CIMB OCTO | [Maybank Malaysia](https://docs.barcoder.ai/docs/wallets/maybank-malaysia) (Malaysia #1 by assets rival; Khazanah ~64% controlling; Maybank2U) | Public Bank Berhad (Malaysia #3 by assets rival; MyPB App + 4.1% MyPB MAU growth 2025) | RHB Bank (Malaysia #4 by assets rival; RHB Mobile Banking app + Malaysia's first banking widget) | Hong Leong Bank (Malaysia rival; HLB Connect Online + Mobile Banking App) |
|---|---|---|---|---|---|
| Operator | **CIMB Group Holdings Berhad (KLSE: CIMB; Khazanah ~26% controlling)** | Malayan Banking Berhad (Maybank; KLSE: MAYBANK; Khazanah ~64% controlling) | Public Bank Berhad (KLSE: PBBANK; Teh Hong Piow founding family controlling) | RHB Bank Berhad (KLSE: RHBBANK) | Hong Leong Bank Berhad (KLSE: HLBANK) |
| Type | **Malaysia #2 + regional ASEAN universal bank + 18M consumer banking clients across 5 ASEAN markets + 11M digitally active Mar 2025 + 1,080 ASEAN branches + CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY) + CIMB Niaga 287 Indonesian branches + Touch 'n Go 50/50 Ant Group JV** | Malaysia #1 by assets + Maybank2U Malaysian banking flagship + 18 ASEAN + global countries + Maybank Indonesia + Maybank Singapore + Maybank Philippines + Maybank Cambodia | Malaysia #3 by assets + MyPB App + 4.1% MyPB MAU growth 2025 + 52.3% mobile banking transactions growth 2025 + Aug 15 2025 PB engage MY app retirement → MyPB App migration | Malaysia #4 by assets + RHB Mobile Banking app + Malaysia's first banking widget + targeting 1M users by end of year (from 500K) + "Progress 27" digitalisation strategy + Jun 18 2025 smarter mobile banking experience launch | Hong Leong Bank Malaysia + HLB Connect Online + Mobile Banking App + Oct 17 2025 biometric (face ID + fingerprint) verification |
| Country | MY + ID + SG + TH + KH + PH | MY + 17+ countries | MY + 5+ countries | MY + 9+ countries | MY + 3+ countries |
| Distinctive | **1924 Bian Chiang Bank founding (Sarawak); Jan 1 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group; 2007 PT Bank Lippo Indonesia acquisition; 2008 CIMB Niaga + Bank Lippo Indonesian merger (Indonesia's largest banking merger by capitalization at the time); 2014 CIMB Clicks launch; 2022 CIMB OCTO early release rebrand; 2025 CIMB Bank Philippines next-level mobile banking app unveiling** | 1960 Maybank founding; Khazanah ~64% controlling | 1965 Public Bank founding by Teh Hong Piow (Malaysian banking pioneer); Aug 15 2025 PB engage MY app retirement | 1913 RHB Bank founding heritage + multiple Malaysian banking consolidations | 1905 Hong Leong Bank founding heritage |

## Status

**Active, Malaysia #2 bank by assets + regional ASEAN universal bank + CIMB OCTO 110M+ monthly transactions FY2024 (+70% YoY)** <sup>[1][1], [2][2], [3][3]</sup>:
- **CIMB Group Holdings Berhad (KLSE: CIMB; Khazanah ~26% controlling)** since 1924 Bian Chiang Bank founding + Jan 1 2006 Bumiputra-Commerce Holdings + CIMB merger → CIMB Group + 2008 CIMB Niaga + Bank Lippo Indonesian merger.
- **Mar 2025: 18M consumer banking clients across 5 ASEAN markets + 11M digitally active + 1,080 branches across ASEAN**.
- **CIMB OCTO + CIMB Niaga + CIMB Bank Singapore + CIMB Bank Philippines + CIMB Thai + CIMB Bank Cambodia + CIMB Islamic + CIMB Investment Bank + Touch 'n Go 50/50 Ant Group JV**.
- **BNM regulated**.

## Sources

[1]: https://en.wikipedia.org/wiki/CIMB "CIMB — Wikipedia"
[2]: https://www.cimb.com/en/who-we-are/our-priorities/our-customers.html "Our Customers — CIMB"
[3]: https://fintechnews.my/32513/digital-transformation/cimb-pilots-brand-new-mobile-app-cimb-octo/ "CIMB Debuts Brand New Mobile App CIMB OCTO — Fintech News Malaysia"
[my-cro]: https://docs.barcoder.ai/docs/payments/MY

- [1] [CIMB — Wikipedia][1]
- [2] [Our Customers — CIMB][2]
- [3] [CIMB Debuts Brand New Mobile App CIMB OCTO — Fintech News Malaysia][3]
- <sup>[Malaysia report](https://docs.barcoder.ai/docs/payments/MY)</sup> In-corpus: `reports/countries/MY-malaysia.md`

## Source

Biography extracted from [cimb.md](https://docs.barcoder.ai/source/wallets/cimb). See `matrix.md` for standards-support matrix if present.