| Bank Name | CIMB Bank Singapore |
| Singapore Presence | Present since 1947 through Ban Hin Lee Bank; retail banking launched in Singapore in September 2009 |
| Headquarters | Kuala Lumpur, Malaysia |
| Singapore Main Address | 30 Raffles Place, Singapore 048622 |
| Singapore Leadership | Andrew Boey, Officer-in-Charge of CIMB Singapore; Novan Amirudin oversees Growth Markets as Acting CEO at group level |
| CIMB Group Total Assets (31 Dec 2025) | RM778.7 billion |
| CIMB Group Net Profit (FY2025) | RM7.9 billion |
| CIMB Group ROE (FY2025) | 11.3% |
| Latest Publicly Presented Singapore Net Profit | S$195 million for 1H2024 |
| Latest Publicly Presented Singapore Core ROE | 23.9% for 1H2024 |
| SWIFT Code | CIBBSGSG |
| Bank Code / Branch Code | 7986 / 001 |
| Physical Presence in Singapore | 2 branches plus 1 Preferred Centre publicly referenced in operating notices |
| Flagship Digital Banking Channel | CIMB Clicks and online account opening with MyInfo / Corppass support |
Key Information
CIMB Bank Singapore is part of CIMB Group, one of ASEAN’s largest banking groups. In Singapore, the bank stands out for its digital-first onboarding, Malaysia-Singapore connectivity, consumer deposit products, SME banking tools, and regional treasury and transaction banking capabilities. Its local profile is not built on a very large branch footprint. Instead, it leans on online account opening, CIMB Clicks, cross-border payment utility, and a targeted product mix for retail customers, entrepreneurs, SMEs, and regional corporates.
- Key Information
- About CIMB Bank
- History
- Mission and Vision
- Landmark Milestones
- Products and Services
- Retail Banking
- SME and Corporate Banking
- Digital Initiatives
- Financial Indicators
- Latest News and Developments
- Account Opening Process
- What Stands Out and What to Check
- Comparison with Other Singapore Banks
- FAQ
- What Is The SWIFT Code For CIMB Bank Singapore?
- Is CIMB Bank Singapore Good For Online Account Opening?
- Does CIMB Bank Singapore Serve SMEs?
- Are Singapore Dollar Deposits With CIMB Insured?
- How Many Branches Does CIMB Have In Singapore?
- What Makes CIMB Bank Singapore Different From Many Other Banks?
For readers looking at CIMB Bank Singapore from a practical angle, the bank is often associated with FastSaver, StarSaver, remittance services, business current accounts, and newer financing ideas for smaller businesses. The Singapore business also benefits from the group’s wider ASEAN presence, which is especially relevant for customers who move funds, trade, or operate across Singapore and Malaysia.
About CIMB Bank
History
CIMB’s Singapore story has two layers. The broader group states that it has been present in Singapore since 1947 through Ban Hin Lee Bank. Its modern retail banking operations in Singapore were launched in September 2009. That matters because the brand’s current shape in Singapore is not just a branch outpost; it is a developed banking platform with consumer, commercial, treasury, and wealth-facing functions.
Over time, CIMB Singapore shifted from pure scale-building to a more return-focused model. Public investor material for Singapore shows this move clearly: deposit mix improved, CASA expanded, cost-to-income fell, and profitability strengthened across the 2021–1H2024 window. That operational reshaping explains why the bank today presents itself less as a mass branch bank and more as a focused challenger with ASEAN reach.
Mission and Vision
In investor material for Singapore, CIMB describes its local vision as being a niche challenger bank in Singapore by using its ASEAN footprint, digital delivery, and customer-led differentiation. In plain terms, that means the bank is aiming to compete where it has a clear edge: cross-border flows, digital convenience, SME banking, treasury-linked services, and selected wealth and consumer offerings.
The bank’s direction also ties into a wider customer promise: easier access, faster onboarding, and more tailored financing. That is visible in products such as online savings account application via MyInfo, digital business account opening, FX tools for SMEs, and newer cash-flow products shaped around business turnover rather than rigid fixed repayment patterns.
Landmark Milestones
| Year | Event | Brief Note |
|---|---|---|
| 2025 | Leadership Transition in Singapore | Andrew Boey became Officer-in-Charge of CIMB Singapore for day-to-day leadership, while Growth Markets came under Acting CEO oversight at group level. |
| 2025 | CIMB Founders Card Launch | A card built for sole proprietors and SME owners, including up to 114 days of zero interest on eligible usage. |
| 2025 | CIMB FlexiPay Launch | A revenue-based SME financing product designed around daily cash-flow patterns. |
| 2025 | SME Resilience Circle | CIMB Singapore launched a partner network model to widen financing access for SMEs through data-driven solutions. |
| 2025 | 12 Awards in One Year | The bank closed 2025 with twelve awards spanning customer service, SME banking, innovation, and workplace recognition. |
| 2024 | Investor Day Presentation for Singapore | The bank publicly outlined improved returns, stronger deposits, and a lower cost-to-income ratio for the Singapore business. |
| 2021 | Sustainable Finance Direction Became More Visible | The wider group’s sustainable finance push started shaping more deals and positioning across markets, including Singapore-linked activity. |
| 2009 | Retail Banking Launch in Singapore | CIMB launched its retail banking operations in Singapore in September 2009. |
| 1947 | Early Singapore Presence | The group traces its Singapore presence back to Ban Hin Lee Bank. |
Products and Services
Retail Banking
On the consumer side, CIMB Bank Singapore is best known for a small but very usable lineup. The core categories include savings accounts, current accounts, fixed deposits, credit cards, personal financing, property loans, insurance, unit trusts, SRS-related investment options, and gold accounts.
Among deposit products, the names readers will usually encounter first are CIMB FastSaver, CIMB StarSaver, and SGD fixed deposits. FastSaver is especially visible in Singapore’s online banking market because the bank promotes application via MyInfo in less than 10 minutes, with the new account number displayed instantly after a successful application. That gives CIMB a very direct position in the digital savings account space.
For daily banking, the retail proposition is built around CIMB Clicks, debit and card services, payments, transfers, and remittance. For incoming telegraphic transfers, the publicly listed SWIFT code is CIBBSGSG. That detail matters to users who need a bank that handles cross-border personal transfers without friction.
SME and Corporate Banking
The business side is where CIMB Singapore has been pushing harder in recent years. Products include SME current accounts, BusinessGo, TransactPlus, commercial current accounts, trade-linked services, transaction banking, FX solutions, and working-capital lending. The bank also supports digital business account opening with Corppass or UEN-based flows, which makes onboarding more efficient for companies registered in Singapore.
A notable part of the bank’s business proposition is its cash-flow-friendly structure. Public product pages highlight online application, same-day account number issuance in many straightforward cases, and fee structures that aim to stay simple for SMEs. This is not just about opening an account. It is about giving businesses a cleaner operating setup for PayNow, FAST, GIRO, and foreign exchange activity.
For larger clients, CIMB Singapore also plays into the group’s wider corporate banking, treasury and markets, and financial institution channels. Singapore is a useful node for that because it sits at the centre of regional trade, treasury operations, and ASEAN capital movement.
Digital Initiatives
Digital delivery is one of the clearest themes in the Singapore business. CIMB Clicks handles everyday banking tasks such as account viewing, transfers, and payment activity. Online applications are deeply embedded across personal and business products, with MyInfo support for consumer onboarding and Corppass pathways for eligible businesses.
The more recent digital story goes beyond account opening. In 2025, the bank rolled out FX Online for SMEs and launched CIMB FlexiPay, a financing product linked to revenue patterns. It also launched the CIMB Founders Card for business owners. Put together, these moves show a bank trying to digitise not just forms and login screens, but actual cash-flow management.
Why This Matters For Singapore Users
CIMB’s local edge is strongest where speed, digital access, regional linkage, and straightforward pricing matter more than a huge branch network. That makes it especially relevant for digitally active savers, cross-border users, founders, and SMEs.
Financial Indicators
The table below uses the latest publicly presented Singapore operating figures available in CIMB Singapore’s investor materials. For Singapore specifically, this is one of the most useful datasets because it shows how the local business changed over time, rather than relying only on group-level figures.
| Period | Reported Net Profit (S$ mil) | Core ROE | Customer Deposits (S$ mil) | Gross Loans (S$ mil) |
|---|---|---|---|---|
| 1H2024 | 195 | 23.9% | 22,589 | 15,326 |
| FY2023 | 246 | 17.7% | 21,920 | 15,026 |
| FY2022 | 197 | 15.5% | 20,011 | 13,535 |
| FY2021 | 130 | 14.1% | 14,661 | 12,706 |
Three figures deserve extra attention. First, customer deposits rose from S$14.7 billion in FY2021 to S$22.6 billion by 1H2024. Second, the cost-to-income ratio improved to 43.1% by 1H2024 from 63.1% in FY2021. Third, gross impaired loans ratio eased to below 1% in FY2023 and 1H2024. Together, these numbers suggest a local franchise that became more deposit-rich, more efficient, and more selective in balance sheet quality.
Another useful line is CASA ratio. It moved from 37.7% in FY2019 to 48.7% in 1H2024. For a Singapore bank operation, that improvement matters because it affects funding mix, pricing flexibility, and the ability to support both retail and business flows more efficiently.
Latest News and Developments
The 2025–2026 period shows how CIMB Singapore is trying to sharpen its identity. In August 2025, it launched FlexiPay, a revenue-based SME financing product. In September 2025, it launched the Founders Card for sole proprietors and SME owners. In November 2025, it formed the SME Resilience Circle with ecosystem partners to widen access to financing and operating support. In December 2025, it announced that it had closed the year with 12 awards.
These updates are useful because they show where the bank is investing real effort: SME financing, digital onboarding, cross-border business tools, and customer service quality. This is not random product expansion. It reflects a local banking model aimed at users who want speed and practicality more than endless product layers.
At group level, CIMB reported RM7.9 billion net profit and 11.3% ROE for FY2025, with RM778.7 billion in total assets as at 31 December 2025. Those numbers matter to Singapore readers because the local franchise sits inside a large regional balance sheet with deep ASEAN coverage.
Account Opening Process
For personal banking, the application flow is built to stay simple. Eligible customers can use MyInfo and complete many deposit applications online in less than 10 minutes. For products such as FastSaver, the bank states that the new account number is shown immediately on screen after a successful application, and also sent by email.
For business banking, the path is also digital. CIMB Singapore supports online business account opening via Corppass or UEN-based application steps, depending on the account type and company setup. In straightforward cases, the account number can be issued on the same day. That makes the bank relevant for founders and SMEs that want to get operational without spending days on branch-heavy processing.
- Choose the product type: personal savings, current, fixed deposit, or business account.
- Start the online application through CIMB’s Singapore website.
- Use MyInfo for eligible personal applications, or Corppass / UEN support for eligible business applications.
- Review product terms, rates, and account conditions.
- Submit the application and wait for instant or same-day acknowledgement where applicable.
The practical takeaway is clear: CIMB Bank Singapore places a lot of weight on remote onboarding. That reduces friction for users who prefer a branch-light experience. It also fits the bank’s wider positioning as a digital challenger in Singapore.
What Stands Out and What to Check
What Stands Out
- Strong digital account opening for both personal and business users
- Clear Singapore–Malaysia and ASEAN linkage
- Useful mix of savings, remittance, SME, and FX tools
- Publicly visible improvement in Singapore profitability and efficiency
- Growing attention to SME cash-flow products and founder-focused banking
What to Check Before Applying
- Whether the product is best suited for daily banking, savings yield, or cross-border use
- The latest promotional rates and eligibility terms
- Whether you prefer a digital-first bank or wider in-person access
- The exact account rules on minimum deposits, transfer channels, and promotional periods
- Which banking lane fits better: consumer, SME, or preferred banking
Comparison with Other Singapore Banks
Compared with the three local banking giants in Singapore, CIMB Bank Singapore operates with a smaller physical network and a more focused product posture. That is not a weakness by itself. It simply means the bank competes in a different way. Its local strength is more visible in digital deposits, regional connectivity, SME operating accounts, and cross-border relevance than in a giant domestic branch estate.
Against other foreign-linked banks in Singapore, CIMB often feels more directly tied to ASEAN banking flows, especially for users with Malaysia links or businesses moving money around the region. For savers, its value often comes from straightforward online account setup and campaign-led deposit offers. For businesses, its value is more about payments, FX access, operating accounts, and newer financing models that are easier to understand.
This makes CIMB a sensible fit for users who want a bank that feels lighter, faster, and regionally useful. For users who want the broadest possible local ecosystem under one roof, a larger domestic bank may still feel more natural. For users who care more about speed, ASEAN connectivity, and digital handling, CIMB can be a very neat option.
FAQ
What Is The SWIFT Code For CIMB Bank Singapore?
The publicly listed SWIFT code for CIMB Bank Berhad, Singapore is CIBBSGSG. The public bank code and branch code are 7986 and 001.
Is CIMB Bank Singapore Good For Online Account Opening?
Yes. One of CIMB Singapore’s clearest strengths is online account opening. Personal applicants can use MyInfo for eligible products, while business applicants can use Corppass or related digital flows for eligible business accounts. The process is built to be fast and seemless for straightforward cases.
Does CIMB Bank Singapore Serve SMEs?
Yes. SME banking is one of the bank’s more active areas. Its offering includes business current accounts, payment channels, cash-management tools, FX access, and cash-flow products such as FlexiPay. The bank has also been building partner-based SME support models in Singapore.
Are Singapore Dollar Deposits With CIMB Insured?
Yes. Public CIMB Singapore pages state that Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, up to the applicable statutory cap of S$100,000 in aggregate per depositor per Scheme member.
How Many Branches Does CIMB Have In Singapore?
Public operating notices refer to Raffles Branch, Express Branch, and CIMB Preferred Centre, Raffles. For most users, though, the bigger story is not branch count. It is the bank’s digital-first servicing model, which handles much of the application and account management journey online.
What Makes CIMB Bank Singapore Different From Many Other Banks?
The difference is in the combination: ASEAN reach, Singapore-Malaysia relevance, digital onboarding, deposit-led consumer products, and SME tools that focus on real operating needs. It is a bank that tends to work best for users who value speed, access, and regional practicality.
