CIMB Singapore

Name

CIMB Singapore

Legal name

CIMB Bank Berhad

Website

https://cimb.com.sg

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Net Interest Income: Interest income from lending products including personal loans, property loans, business loans, and credit card receivables, offset by interest paid on deposits. Core banking revenue stream from both retail and business lending.
2. Transaction & Service Fees: Fees from account services (monthly fees, fall-below fees), transaction fees (telegraphic transfers, FAST, GIRO, PayNow), credit card annual fees, and loan processing fees.
3. Foreign Exchange Revenue: Revenue from foreign exchange transactions including spread on currency conversions for cross-border transfers and treasury operations, particularly for SGD-MYR-IDR-THB corridors.
4. Insurance Distribution: Commission income from distribution of third-party insurance products including general insurance (travel, car, home) and life insurance through bancassurance partnerships.
5. Investment Products Distribution: Revenue from distribution of unit trusts, structured deposits, dual currency investments, and gold accounts. CIMB offers over 200 SRS-eligible investment products.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

CIMB Singapore is the Singapore branch of CIMB Bank Berhad, providing personal banking (savings, credit cards, personal and property loans, investments, insurance, remittance) and business banking (SME and corporate current accounts, working capital loans, trade finance, treasury, and digital banking platforms). It serves retail consumers, SMEs, and large corporates with a digital-first platform including CIMB Clicks, BizChannel@CIMB, CIMB FX Online, and API Gateway@CIMB, supported by dedicated relationship managers and ASEAN-wide cross-border banking capabilities.

Product overview

CIMB Singapore operates as a regional bank with a comprehensive digital banking platform and module-based product architecture spanning personal and business banking segments. Personal banking encompasses savings accounts (FastSaver, StarSaver, Junior Saver), credit cards including the Founders Card for entrepreneurs, personal and property loans, investment products (Unit Trusts, Gold Account, Dual Currency Investments, Structured Deposits, SRS), insurance (general and life), and digital banking via CIMB Clicks. Business banking includes SME accounts (SME Account, SME-i Account, BusinessGo, TransactPlus), current accounts (SGD, USD Interest Plus, Foreign Currency), business loans (BizGrow working capital, FlexiPay performance-linked financing, BizProp property financing, Sustainability-Linked Loans), digital platforms (FX Online, BizChannel@CIMB, API Gateway@CIMB, Host-to-Host Gateway@CIMB), trade finance, treasury services, and the SME Resilience Circle ecosystem partnership.

Differentiator

Problem solved

Functional benefit

Brands

• CIMB Founders Card: A financing card designed for SMEs, startups, micro enterprises and sole proprietorships, offering up to 114 days of 0% working capital, zero FX fees, and instant cash drawdowns.
• CIMB FX Online
• BizChannel@CIMB
• CIMB Preferred
• CIMB Pulse

Products and services

• CIMB Clicks Online and mobile banking platform for retail customers enabling account access, fund transfers, bill payments, and other financial services.
• CIMB FastSaver Account Digital savings account offering tiered bonus interest rates for personal banking customers with promotional fresh funds top-ups.
• CIMB StarSaver Savings Account Savings account for personal banking customers with promotional interest rates and digital access via CIMB Clicks.
• CIMB Junior Saver Account Savings account designed for children to help develop early financial habits.
• Credit Cards Range of consumer credit cards including cashback, rewards, and travel cards with various benefits and promotions.
• CIMB Founders Card Business financing credit card offering up to 114 days 0% working capital, instant cash drawdowns, zero FX fees, and business discounts for SMEs, startups, micro enterprises and sole proprietors.
• CIMB Personal Loan Unsecured personal financing for individuals with instant approval and zero repayment fee options.
• Property Loan Home financing solutions for residential property purchases and refinancing for individuals.
• CIMB Gold Account Digital gold investment account allowing customers to buy, sell and hold gold without physical delivery, with no custody fees and daily quoted prices.
• Supplementary Retirement Scheme (SRS) Tax-advantaged retirement savings scheme with investment options, allowing contributions up to S$15,300 for Singaporeans and PRs.
• Unit Trusts Collective investment schemes offering diversification across various asset classes and markets.
• Dual Currency Investments Structured investment product combining currency exposure with potential enhanced returns.
• Structured Deposits Capital-protected or structured deposit products with linked returns to market indices or assets.
• General Insurance General insurance products including travel insurance (CIMB TravelEASE), car insurance (CIMB PrivateCAR), and home insurance distributed through the bank.
• Life Insurance Life and health insurance products distributed through partnerships with insurance providers.
• Remittance International money transfer services including cross-border transfers to ASEAN and global destinations.
• CIMB SME Account Business account for SMEs with zero monthly fees for the first year, no minimum balance, and free PayNow/FAST/GIRO transactions via BizChannel.
• CIMB BusinessGo Account Premium SGD business current account with promotional interest, balance waivers, and enhanced transaction capabilities for SMEs.
• CIMB SGD Current Account Singapore dollar current account for businesses offering virtual account services, cheque facilities, and BizChannel access.
• CIMB USD Interest Plus Current Account USD-denominated interest-bearing account for businesses offering promotional interest up to 1.68% p.a. on new customer balances until 31 December 2026.
• CIMB Foreign Currency Current Account Multi-currency business account for managing foreign currency holdings and transactions.
• CIMB TransactPlus Account Business account offering cash rebates up to S$100, zero transaction fees, and enhanced digital banking features.
• CIMB BizGrow Collateral-free working capital loan offering up to S$400,000 quantum with a 5-year tenure for SMEs.
• CIMB FlexiPay Revenue-based SME financing with zero interest and a single upfront fee, aligned with business performance.
• CIMB BizProp Property financing solution for business owners to purchase commercial property or shop spaces.
• Sustainability-Linked Loan SME loan offering interest rebates when borrowers achieve pre-determined sustainability performance objectives.
• CIMB FX Online Digital foreign exchange platform enabling cross-border transactions for SMEs without a business account, offering guaranteed best rates for SGD-MYR, SGD-IDR, and SGD-THB with zero FX fees on the first transfer.
• BizChannel@CIMB Corporate online banking platform providing account management, payments, collections, and treasury services for business customers via web and mobile.
• API Gateway@CIMB API integration platform enabling business customers and partners to connect systems with CIMB's banking services.
• Host-to-Host Gateway@CIMB Direct system-to-system connectivity solution for corporate banking transactions and integration.
• CIMB@WORK Employee financial wellness programme offering exclusive banking benefits for salary crediting, credit cards, and personal loans.
• Trade Finance Import, export, and guarantee trade finance services including letters of credit and documentary credits for business customers.
• Treasury Services Foreign exchange and treasury solutions including forward contracts and hedging tools for managing currency risk.
• Commercial Banking Banking services for medium enterprises and middle corporates including loans, cash management, trade finance, and treasury.
• Corporate Banking Banking services for corporate clients including loans, treasury, e-supply chain financing, and partnership solutions.
• Financial Institutions Group Specialized banking services for financial institutions including asset managers, brokerages, insurance companies, and fintechs.

Quantifiable outcome

• Top 3 Consumer Bank in Singapore (The Straits Times Best Customer Service)
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Singapore Manufacturing FederationminorGTM or Marketing Partner · 14 June 2026Sustainability partnership during Great Green Run 2026 providing complimentary carbon footprint reports for SMEs participating in the event.
• Singapore Go Green 2026minorGTM or Marketing Partner · 14 June 2026CIMB Singapore presented the third edition of Great Green Run 2026 at Marina Barrage as part of Singapore's Go Green 2026 initiative, featuring sustainability initiatives including plantable finisher medals and removal of single-use plastic cups.
• SinglifecoreStrategic or Co-development Partner · 19 November 2025Partnership extended on 19 November 2025 to offer embedded insurance solutions for SMEs under CIMB's SME Resilience Circle ecosystem programme. Targets at least 30,000 retailers with mandatory protections including Work Injury Compensation Act coverage and employee benefits programmes. Collaboration aligns with CIMB FlexiPay working capital facility.
• Frasers PropertycoreStrategic or Co-development Partner · 12 November 2025Five-year strategic partnership signed November 2025 to provide financial solutions to over 2,000 tenants across 12 malls. Includes Singapore's first 'pay-as-you-earn' SME loan product. Initiative supports small and medium-sized enterprises with flexible financing and community social impact programs.
• CrediLinqcoreStrategic or Co-development Partner · 1 November 2025CIMB Singapore initiated the SME Resilience Circle collaboration with CrediLinq as a founding partner to support SME growth and resilience in Singapore and the region. CrediLinq contributes fintech capabilities to the ecosystem.
• KPaycoreStrategic or Co-development Partner · 1 November 2025SME Resilience Circle founding partner providing payment and financial technology solutions for SME ecosystem development.
• DocuSignminorGTM or Marketing PartnerBusiness discounts partner providing DocuSign services to CIMB Founders Card holders as part of business benefits package.
• Google WorkspaceminorGTM or Marketing PartnerBusiness discounts partner providing Google Workspace services to CIMB Founders Card holders as part of business benefits package.
• Ninja Van Dash ProminorGTM or Marketing PartnerLogistics partner providing discounted Ninja Van Dash Pro services to CIMB Founders Card holders for business delivery needs.

Scale indicators5 records

Recent moves2 records

Expansion highlights6 records

Direct peers

• DBS Bank: Singapore's largest bank and dominant retail/SME/corporate franchise. DBS is the primary direct competitor to CIMB Singapore across personal banking, SME, and transaction banking, with stronger local brand and larger market share.
• OCBC Bank: Major Singapore-headquartered bank with strong SME and wealth franchise across Southeast Asia. Direct competitor to CIMB Singapore in retail banking, SME lending, and ASEAN cross-border banking.
• UOB: Singapore's third major local bank with deep SME and ASEAN regional franchise, including significant Malaysia presence through prior acquisitions. Directly comparable to CIMB Singapore across retail, SME, and corporate banking.
• Maybank Singapore: Malaysian banking group's Singapore branch offering retail, SME, and corporate banking. Closest structural peer to CIMB Singapore given shared Malaysian parentage, similar ASEAN corridor focus, and comparable target customer segments.
• RHB Bank Singapore: Malaysian banking group's Singapore operations, offering similar retail, SME, and corporate banking products. Comparable foreign-branch setup targeting cross-border ASEAN clients and Singapore SMEs.
• Public Bank Singapore: Malaysian bank's Singapore branch focusing on retail and SME banking. Comparable foreign-branch peer serving Singapore consumers and SMEs with Malaysian regional connectivity.

Broad incumbents

• HSBC Singapore: Global universal bank with large Singapore presence across retail, wealth, commercial, and institutional banking. Overlaps with CIMB Singapore across corporate/SME/cross-border segments but operates globally with broader product portfolio.
• Standard Chartered Singapore: International bank with strong ASEAN regional presence and Singapore as a key hub. Competes with CIMB Singapore in cross-border trade, FX, and SME banking but with global rather than ASEAN-specific positioning.
• Citibank Singapore: Global consumer and institutional bank with significant Singapore operations. Overlaps with CIMB Singapore in credit cards, retail banking, and transaction services as part of a globally diversified portfolio.

Regional players

• Bank of China (Singapore): Chinese state-owned bank with Singapore branch offering corporate, institutional, and retail banking. Competes for ASEAN-China trade flows and corporate banking, partial overlap with CIMB's regional connectivity proposition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cimb-singapore

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIMB Singapore