Bumiputra-Commerce Holdings

(Redirected from Bumiputra-Commerce)

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. The new name will also ensure consistency between the listed entity and its operating subsidiaries, and serves to further strengthen the CIMB brand value proposition.[1] It has been listed on the Main Board of Bursa Malaysia, the nation's stock exchange since 2001. As at February, (BCB) Bumiputra Commerce Bank was the sixth-largest company on Bursa Malaysia with a market capitalization of RM21.7 billion.

Bumiputra Commerce Bank (BCB)
Company typePublic
IndustryFinancial services
PredecessorBank Bumiputera Malaysia Berhad and Commerce-Asset Holdings Berhad
Founded2001-Present
SuccessorCIMB Group
HeadquartersKuala Lumpur, Malaysia
Key people
Tan Sri Dato' Md Nor Yusof, Chairman
Dato' Sri Nazir Razak,
Group Chief Executive
ProductsConsumer Banking
Corporate Banking
Investment Banking
Islamic banking
Asset management
Insurance
RevenueRM7.74 billion (2008)
RM1.95 billion (2008)
Total assetsRM206.7 billion (2008)
Total equityRM11.2 billion (2008)
Number of employees
36,209 (2001)
WebsiteCIMB Group website

Bumiputra Commerce Bank (BCB) has gone through an internal restructuring process, which has resulted in transforming the company. Previously its operating entities in various financial services sectors operated largely on a standalone basis. However, from late 2004 onwards, it began to consolidate all its operations under CIMB Group, to form a universal bank anchored by BCB Holdings, South East Asia's largest investment bank.

CIMB Group is Malaysia's second-largest financial services provider and one of Southeast Asia's leading universal banking groups. It offers consumer banking, investment banking, Islamic banking, asset management and insurance products and services. Headquartered in Kuala Lumpur, its regional offices are located in Singapore, Indonesia and Thailand. It operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the majority shareholder of PT CIMB Bank Niaga Tbk in Indonesia. BCHB has more than 36,000 staff in its offices in eleven countries.[2]

References

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  1. ^ "Bumiputra-Commerce seeks to be renamed CIMB Group Holdings". The Edge Markets. 2009-08-11. Retrieved 2022-03-30.
  2. ^ "BCHB profile". Archived from the original on 2011-07-08. Retrieved 2009-06-25.
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