editorial team
Ho Chi Minh City, Vietnam: CIMB Bank (Vietnam) Limited (“CIMB Bank Vietnam” or “CIMB
Vietnam”) today unveiled its first Digital Lounge in Ho Chi Minh City and launched its OCTO by
CIMB (“OCTO”) mobile banking app for consumers. Ho Chi Minh City hosts CIMB Bank
Vietnam’s first branch presence following the establishment of its headquarters in Hanoi in
2016. The launch also marks the beginning of CIMB Vietnam’s digital banking proposition,
inaugurated by OCTO, which offers fast, secure and convenient 24/7 mobile banking.
The digital lounge was officiated by Datuk Mohd Nasir Ahmad, Chairman of CIMB Group;
Tengku Dato’ Sri Zafrul Aziz, Group CEO of CIMB Group; Dato’ Wira Zainal Abidin, Chairman of
CIMB Vietnam; Samir Gupta, CEO of Group Consumer Banking, CIMB Group and Thomson
Fam Siew Kat, CEO of CIMB Vietnam, witnessed by representatives from the State Bank of
Vietnam, as well as the Consulate General of Malaysia and Malaysia External Trade
Development Corporation based in Ho Chi Minh City.
Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group, said, “Today marks a momentous
occasion as we launch our inaugural Digital Lounge and OCTO mobile banking app in Vietnam,
which not only demonstrates our long term commitment to the Vietnamese market but also our
ambition to continue contributing to the growth and development of ASEAN. As one of the
region’s fastest growing markets, with macroeconomic stability, a strong entrepreneurial culture,
and a high proportion of young mobile-centric population, Vietnam is well-poised to contribute
significantly to ASEAN’s economic development. With CIMB’s strong ASEAN network, in-house
financial expertise and accomplished partners, we are confident that we have entered Vietnam
at the right time to start developing ecosystems that deliver not just great banking products and
services, but also other offerings that add real value to the CIMB customer experience.”
During the launch, there was also a demonstration of how simple it was to register for,
authenticate and activate CIMB Vietnam’s OCTO, which is equipped with versatile features to
About CIMB Bank
CIMB Bank is the consumer banking arm of CIMB Group, offering retail and commercial banking services.
CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest
financial services provider, by assets. It offers consumer banking, commercial banking, investment
banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur,
the Group is now present in 9 out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand,
Cambodia, Brunei, Vietnam, Myanmar and Laos). Beyond ASEAN, the Group has market presence in
China, Hong Kong, India, Sri Lanka, Korea, the US and UK.
CIMB Group has the most extensive retail branch network in ASEAN of around 800 branches as at 30
September 2018. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based
investment banks, offering amongst the most comprehensive research coverage around 700 stocks in the
region.
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank
and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and
94.1% shareholder of CIMB Thai in Thailand.
CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation
of approximately RM 56.3 billion as at 30 September 2018. The Group has over 36,000 employees
located in 15 countries.
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