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CIMB SingaporeCS
CIMB Singapore review

CIMB Bank Berhad, Singapore Branch

Our review of CIMB Singapore for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreSingapore
RegulatorMAS
Legal formBranch of CIMB Bank Berhad
GroupCIMB Group
Websitecimb.com.sg
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PPLI.com
Private Bank Rating
47
out of 100
Editorial assessment on UHNW criteria
Reviewed 2 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
The rating

What the PPLI.com rating of CIMB Singapore considers

This is our editorial assessment of CIMB Singapore. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of CIMB Singapore and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank Rating47
Rating on public information62
Adjustment for client experience−15
PPLI.com rating47

A large number of complaints about the bank's service received by PPLI.com from clients. The adjustment was made by the editor on 2 November 2026 and will be reviewed in the next quarterly edition.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

202429 July 2024

Administrative monetary penalty for prolonged disruption of digital banking, ATM and card services

Bank Negara Malaysia imposed an administrative monetary penalty of RM760,000 on CIMB Bank Berhad and CIMB Islamic Bank Berhad on 29 July 2024 after customers faced prolonged disruption of online banking, ATMs and cards on 8 and 9 April 2024. The bank found lapses in the execution of CIMB's response and recovery process.

lapses in the execution of its response and recovery process
Bank Negara Malaysia · Final decision · Penalty MYR 0.8 million · Primary source
201917 May 2019

Administrative monetary penalty and compound for unauthorised disclosure of customer information

Bank Negara Malaysia imposed an administrative monetary penalty of RM3.4 million on CIMB Bank Berhad on 22 February 2019 and a compound of RM6.4 million on 17 May 2019 for breaches in 2018 of its rules on the management of customer information, including disclosure of customer information to third parties. CIMB Islamic Bank Berhad was penalised separately. The actions were published on 27 May 2023.

unauthorized disclosure of customer information to third parties
Bank Negara Malaysia · Final decision · Penalty MYR 3.4 million; Compound MYR 6.4 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameCIMB Bank Berhad, Singapore Branch
LEI549300PLDYJMOW8QKZ45
LicenceFull Bank; also Exempt Capital Markets Services Entity, Exempt Financial Adviser, Exempt Trust Company  Source
RegulatorMAS
Legal formBranch of CIMB Bank Berhad
OwnerBranch of CIMB Bank Berhad (Kuala Lumpur)  Source

Ownership

Group parentCIMB Group Holdings Berhad (listed, Bursa Malaysia)
Control

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
Capital ratioNot published
SizeNot published

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipSGD 1 million  Source
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionFull banks in Singapore, including local banks and qualifying full banks, are members of the SDIC Deposit Insurance Scheme unless exempted by MAS: S$100,000 per depositor per member. Membership taken from the SDIC rule; the named member list is to be checked. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Custody lawNot published
Custody termsNot published
Your experience

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If you bank with CIMB Singapore or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to CIMB Singapore or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. Bank Negara Malaysia: bnm.gov.my/-/ea-cimb24
  2. Bank Negara Malaysia: bnm.gov.my/-/ea-pn-02-2019

For CIMB Singapore

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-SG-CIMB-SG-037AC9.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-SG-CIMB-SG-037AC9
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