Southern Bank
From Wikipedia, the free encyclopedia
Southern Bank was a Malaysian bank and the ninth-largest lender while being one of the ten anchor banks in Malaysia.
It was recently bought over by Bumiputra-Commerce Holdings (BCHB). BCHB plans to delist the bank from public listing as well as Bumiputra-Commerce and CIMB (Investment bank division). Therefore these three banks will convert into 1 universal bank and will rename CIMB Bank.
Previously, it was 3.3% owned by Singapore's OCBC Bank. Temasek Holdings holds a direct 4.36 % stake of the Malaysian bank, while other units within the Temasek stable have a combined 3.22 %.
