Bumiputra-Commerce Holdings

Bumiputra-Commerce Holdings (BCHB) Berhad or BCB is the second largest bank in Malaysia with approximately US$45.08 billion in total assets.As of May 2007,BCHB is the third largest listed company in Bursa Malaysia with a market capitalisation of over RM40.08 billion . BCHB was established in 1924 and currently owned by CIMB Group.

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

Key People

• Chairman: Tan Sri Dato' Seri Haidar Mohamed Nor
• Group Chief Executive, CIMB Group: Dato' Mohamed Nazir Abdul Razak
• Executive Director: Tunku Ahmad Burhanuddin
• Executive Director, Risk Management: Dr. Gan Wee Beng
• Head, Retail Banking: Peter England
• Head, Consumer Sales & Distribution: Sulaiman Mohd Tahir
• Head, Business Banking: Abu Bakar Buyong
• Head, Investment Banking: Charon Wardini Mokhzani
• Head, Group Treasury: Lee Kok Kwan
• Head, Islamic Banking: Badlisyah Abdul Ghani
• Head, Group Corporate Resources: Hamidah Naziadin
• Head, Group Information & Operations: Iswaraan Suppiah
• Head, Group Strategy: Kenny Kim
• Adviser, Investment Banking: Robert Cheim Dau Meng

External links

• Yahoo! Business profile
• BCB homepage
• Forbes