Type Public Revenue RM7.74 billion(2008) Total assets RM206.7 billion(2008) Founded 1924 | Industry Financial Services Net income RM1.95 billion (2008) Headquarters Kuala Lumpur, Malaysia | |
Key people Tan Sri Dato' Md Nor Yusof, Chairman
Dato' Sri Nazir Razak,
Group Chief Executive | ||
Bumiputra-Commerce Holdings Berhad (BCHB) (formerly known as Commerce Asset-Holdings Berhad) is the listed vehicle for CIMB Group, Malaysia’s second largest financial services group. It has been listed on the Main Board of Bursa Malaysia, the nation’s stock exchange since 1987. As at 11 March 2009, BCHB was the sixth largest company on Bursa Malaysia with a market capitalization of RM21.7 billion.
BCHB 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 stand-alone basis. However, from late 2004 onwards, it began to consolidate all its operations under CIMB Group, to form a universal bank anchored by CIMB, 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 key 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 a total staff strength of more than 36,000 located in its offices in 11 countries. Together they serve close to 7 million customers.
For more information see CIMB.