Bumiputra-Commerce Holdings

Bumiputra-Commerce Holdings

company_name = Bank Bumiputra Commerce
company_type = Public
company_slogan =
foundation = 1924
location = Kuala Lumpur, Malaysia
key_people = Desa Pachi, Chairman
num_employees =
revenue =MYRprofit 9.01 billion
industry = Finance
products = Financial Services
homepage = [http://www.cimb.com www.cimb.com]

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.


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

* [http://biz.yahoo.com/ic/146/146140.html Yahoo! Business profile]
* [http://www.bcb.com.my BCB homepage]
* [http://www.forbes.com/lists/2007/18/biz_07forbes2000_The-Global-2000-Malaysia_10Rank.html/ Forbes]

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