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Bumiputra-Commerce Holdings (BCHB) Berhad or BCB is one of the largest local bank in Malaysia and was established in 1924. It is currently owned by CIMB.
[edit] History
Below was the history chronology of the bank:
- 1924 A family bank is set up in Kuching, Sarawak, East Malaysia
- 1956 The bank is incorporated as Bian Chiang Bank Ltd
- 1965 Bank Bumiputra Malaysia Berhad is established to specifically provide credit facilities to the Bumiputera community to help increase their particiapation in the Malaysian economy
- 1972 United Asian Bank Berhad (UAB) is established in Kuala Lumpur as a result of the merger of three Indian-owned banks-Indian Overseas Bank Ltd, Indian Bank Ltd and United Commercial Bank Ltd
- 1975 Fleet Group Sdn. Bhd acquires Bain Chiang Bank's entire equity
- 1978 Morgan Guaranty International Finance Corp (MGI), a subsidiary of Morgan Guaranty Trust Company of New York, acquires a 30 per cent stake in Bian Chiang Bank
- 1979 Bian Chiang Bank is renamed Bank Of Commerce and the company's headquarters moves from Kuching to Kuala Lumpur
- 1986 The Fleet Group buys MGI's entire stake in Bank of Commerce. The bank acquires a 51 per cent stake in Pertanian Baring Sanwa Bhd and renames it Commerce International Merchant Bank Berhad (CIMB)
- 1987 Pitisan Sdn. Bhd, a subsidiary of The New Straits Times Press (M)Bhd, buys 20 per cent of CIMB. Bank of Commerce is listed on the Main Board of the Kuala Lumpur Stock Exchange
- 1991 Bank Of Commerce merges with UAB to create a new commercial bank, Bank of Commerce (M) Berhad (BOC). Simultaneously, Bank of Commerce Berhad becomes the holding company and is renamed Commerce Asset-Holding Berhad
- 1999 On 1 October 1999, BOC merges with Bank Bumiputra Malaysia Berhad and changes its name to Bumiputra-Commerce Bank Berhad
- 2005 BCB integrates with CIMB
[edit] Key People
- Chairman: Desa Pachi
- CEO and Executive Director: Shukri Hussin
- VP, Finance and Administration: Zamri Mohd Radzi
[edit] External links
