/Wirestock from Envato

CIMB denies plans to privatise Indonesian unit CIMB Niaga

The Malaysian banking group says no formal proposal has been made for its subsidiary.

CIMB Group Holdings Berhad has denied recent media reports that it plans to privatise CIMB Niaga, stating that no decision or formal proposal has been made.

The banking group confirmed that CIMB Niaga remains a key part of its regional operations in Indonesia and that it will continue to comply with all regulatory requirements, including minimum free float rules.

CIMB is Malaysia's second largest financial services provider by assets, with a market capitalisation of approximately $19.6b (RM80.1b) as of 30 June 2026. The group currently holds a 92.46% stake in Bank CIMB Niaga in Indonesia.
 

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