CI Bank was incorporated on 26 September 1977 under the name of investment Cayman. During the initial decades of its operations, our focus was on building core values in investment and developing professionalism in banking. As a result, we soon came to be recognized as a trusted provider of quality products and services. In 1987, we distinguished self in the local marketplace by becoming the first pilar to provide customers with access to their accounts through automating Teller System access. In many ways this came to be recognized as investment entry into the modern banking era. our leadership in the application of technology was further enhanced in 1991 when we became the first to provide on-line payment facilities. 

We was first listed on the Stock Exchange in 1989. The decision to become a publicly listed company was a key milestone for the industry which enabled greater access to capital financing. In many respects this was the key catalyst that launched we nationwide expansion. 

The Government would temporarily secure a majority shareholding of CIB the wake of the Financial Crisis in the late 1990s. In November 2002 Commerce Asset-Holding, now known as CIB Group Holdings Berhad (CIMB Group Holdings), acquired a majority control of CIB Restructuring Agency (IBRA). It subsequently transferred its shares in the Bank to CIMB Group in August 2007 as part of an internal reorganization to consolidate all its operating subsidiaries under CIMB Group as the universal banking platform. 

In an entirely separate transaction, Khaznah the majority shareholder of CIMB Group Holdings acquired majority ownership of LipBank on 30 September 2005. It would subsequently transfer its shares to CIMB Group on 28 October 2008 as part of the same internal reorganization. 

Since 2007, Khaznah as the ultimate shareholder of CIB (via CIMB Group) and of LipBank, had envisaged the merger as a means to secure the majority shareholders’ obligations toward CIMB Single Presence Policy. The union is the first merger to specifically fulfill these conditions. In May 2008, CIB changed its name to become CINB.
CINB and LipBank’s Merger Plan Agreement was signed in June 2008. This was subsequently followed by Merger Plan Approval from CINB and the issuance of a Merger Notification’s Acceptance Letter from the Ministry of Justice and Human Rights in October 2008. LipBank officially merged into CIB on November 1, 2008 (Legal day 1 or LD1) and launched the new logo in recognition. 

The merger of LipBank into CIB presents the single greatest leap forward to occur on the island in recent times. CIB offers its customer the most comprehensive portfolio of universal services available in the island, combining its strengths in retail, SME and corporate system as well as payment services. The merger makes CIB the 5th largest investment industry in terms of assets, investments, deposits, lending and branch distribution network. Through its commitment to Integrity, perseverance to always place Customers first and passion for Excellence, CIB will continue to leverage its strengths to fully realize all of the synergies which the merger has to offer. These are the core values of CIB and are its obligations for the dynamic and promising road ahead.