PT Bank CIMB Niaga Tbk (CIMB Niaga or Bank) was established on 26 September 1955 based on the Company’s Deed of Establishment No. 90 made in the presence of Raden Meester Soewandi, Notary in Jakarta, on 26 September 1955, under the name PT Bank Niaga, then amended by deed No. 9 dated 4 November 1955, from the same Notary. The Company’s Deed of Establishment was approved by the Minister of Justice of the Republic of Indonesia (now the Minister of Law and Human Rights) with Decree No. J.A.5/110/15 dated 1 December 1955 and announced in the State Gazette of the Republic of Indonesia No. 71 dated 4 September 1956, Supplement to the State Gazette No. 729/1956.
Based on the Decree of the Minister of Finance of the Republic of Indonesia No. 249544/U.M.II, the Bank obtained a business license as a commercial bank on 11 November 1955. Subsequently, the Bank also received a license as a foreign exchange bank based on the Decree of the Board of Directors of Bank Indonesia No. 7/116/Kep/Dir/UD dated 22 November 1974.
Throughout its business operations, CIMB Niaga has continuously gained various recognition as a provider of quality and trusted banking products and services. In line with this, CIMB Niaga has also successfully recorded various other significant achievements that further strengthen the Bank’s position and contribute to driving the development of the banking industry in Indonesia.
In 1987, CIMB Niaga was recorded in history as the first local bank to introduce banking services through Automatic Teller Machines (ATMs) in Indonesia. This achievement became an important milestone for the Bank that contributed to entering Indonesia into the modern banking era.
On 29 November 1989, CIMB Niaga continued its steps to become a public company by listing its shares in PT Bursa Efek Indonesia (formerly PT Bursa Efek Jakarta and PT Bursa Efek Surabaya). In 1991, the Bank’s leadership and innovation in implementing the latest technology became increasingly recognized by becoming the first bank to provide online banking services in 1991.
On 16 September 2004, CIMB Niaga began carrying out banking business activities based on sharia principles after obtaining the business license through the Decree of the Governor of Bank Indonesia No. 6/71/KEP.GBI.2004 by establishing a Sharia Business Unit.
The majority share ownership of the Bank was once transferred to the Government of the Republic of Indonesia through the Indonesian Bank Restructuring Agency (IBRA) due to the Asian financial crisis in 1998. In 2002, CIMB Group Holdings Berhad (CIMB Group), formerly Commerce Asset Holding Berhad, acquired the majority share of the Bank from IBRA. In a separate transaction, Khazanah, which is the majority shareholder of CIMB Group, acquired the majority ownership of Lippo Bank on 30 September 2005.
In 2007, all share ownership was transferred to CIMB Group as part of an internal reorganization to consolidate the activities of all CIMB Group subsidiaries with a universal banking platform. The majority of the Bank’s shares of 92.5% are directly and indirectly owned by CIMB Group Sdn. Bhd., which is the fifth largest universal banking group in ASEAN with an extensive regional network, including in Indonesia, Malaysia, Thailand, Singapore, Cambodia, Vietnam, Myanmar, and the Philippines.
Khazanah, as the controlling shareholder of CIMB Niaga (through CIMB Group) and Lippo Bank since 2007, has taken the step of a merger to comply with the Single Presence Policy (SPP) set by Bank Indonesia. This merger is the first in Indonesia related to the SPP policy.
In 2008, prior to the merger, the name of PT Bank Niaga Tbk changed to PT Bank CIMB Niaga Tbk (rebranding) based on Deed No. 38 dated 28 May 2008, made in the presence of Dr. Amrul Partomuan Pohan, S.H., LL.M., Notary in Jakarta, and has received approval from the Minister of Law and Human Rights of the Republic of Indonesia through letter No. AHU-32968.AH.01.02 of 2008 dated 13 June 2008 and Decree of the Governor of Bank Indonesia No. 10/56/KEP.GBI/2008 dated 22 July 2008.
The Bank carried out the merger of Lippo Bank into CIMB Niaga based on the Decree of the Governor of Bank Indonesia No. 10/66/KEP.GBI/2008 dated 15 October 2008 concerning “Granting of Permit for the Merger of PT Bank Lippo Tbk into PT Bank CIMB Niaga Tbk” and with the receipt of the letter of the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-AH.01.10-22669 dated 22 October 2008.
The statement of the merger obtained an effective notification letter from Bapepam-LK through letter No. S-4217/BL/2008 dated 30 June 2008. The effective date of the merger with Lippo Bank was set on 1 November 2008 based on Deed No. 9 dated 16 October 2008 made in the presence of Notary Dr. Amrul Partomuan Pohan, S.H., LL.M., Notary in Jakarta. This merger is a major leap in the Southeast Asian banking sector and provides the advantage of CIMB Niaga’s connectivity to the ASEAN regional network through the CIMB Group.
CIMB Niaga provides leading banking products and services comprehensively in Indonesia, covering the consumer banking, small and medium enterprise (SME) banking, commercial banking, and corporate banking segments. These services are strengthened by reliable treasury and capital market capabilities, transaction banking, and a branchless banking network. CIMB Niaga also offers sharia banking solutions through the CIMB Niaga Sharia Business Unit. In terms of transaction banking, CIMB Niaga presents a variety of comprehensive solutions for both domestic and cross-border transaction needs, covering cash management, remittance, trade finance, and value chain, to support the efficiency of customers’ financial operations.
CIMB Niaga consistently provides convenience for customers to perform various financial transactions digitally without having to visit branch offices. For the business segment, the Bank provides the BizChannel@ CIMB platform, while individual customers can utilize OCTO Mobile and OCTO Clicks (currently being integrated into OCTO). Furthermore, CIMB Niaga continues to strengthen its service excellence through various other digital channels, including OCTO Pay, Digital Lounge, QRIS, and other supporting facilities to deliver a fast, secure, and efficient banking experience.
In 2025, CIMB Niaga affirmed its position as the second largest privately owned bank in Indonesia based on total assets and the largest Sharia Business Unit (UUS) in Indonesia. Bank operates a network of 407 branch offices—including Sharia Branches, Digital Lounges, Cash Mobile, and Kiosks—and is supported by 1,865 ATM units, 5 Multi Denom Machine (MDM) units, 916 Cash Recycle Machine (CRM) units, and 10,775 employees spread throughout Indonesia.
Looking ahead, CIMB Niaga will continue to monitor macroeconomic developments and banking industry dynamics to ensure that the implementation of strategies and policies runs effectively. Synergy between business units and with the CIMB Group will continue to be strengthened to drive sustainable growth. Adhering to its core values, CIMB Niaga remains optimistic in delivering inclusive and competitive banking services that provide added value to all Stakeholders.