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Bumiputra Commerce Bank (BCB) (formerly known as Commerce Asset-Holdings Berhad) is the listed vehicle for CIMB Group, Malaysia's second-largest financial services group.
According to a Bursa Malaysia filing yesterday, Bumiputra-Commerce said the proposed name change was to better reflect the direct relationship of the holding company with CIMB Group’s operating subsidiaries as the group strengthens its footprint across Southeast Asia via its regional franchise.
Complemented by the resources and reach of Bumiputra-Commerce Bank, one of Malaysia's foremost retail banking providers, CIMB Group made the transition to a full-service banking provider, serving a range of customers, from corporates to individuals.
As part of the exercise, CAHB was renamed Bumiputra-Commerce Holdings and it completed its restructuring exercise in January 2006. The new CIMB Group was known as a universal bank. It made a transition to a full-service banking provider serving corporates to individuals.
1990s. 1999 - Bank of Commerce (Malaysia) Berhad merges with Bank Bumiputra Malaysia Berhad to form Bumiputra-Commerce Bank Berhad. 1991 - Bank of Commerce merges with United Asian Bank. In a major restructure, the merged banks become Bank of Commerce (Malaysia) Berhad, under holding company Commerce-Asset Holding Berhad (CAHB).
4 days ago · Date of Meeting: 29 Apr 2024. General Meetings: Notice of Meeting. Venue: Virtual at the broadcast venue at Level 31, Menara CIMB, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia. Baca Lagi.
In a major corporate restructure to create a universal bank, CIMB acquires sister company Bumiputra-Commerce Bank from holding company CAHB.
