Bumiputra-Commerce Holdings
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.
| Type | Public |
|---|---|
| Industry | Financial services |
| Predecessor | Bank Bumiputera Malaysia Berhad and Commerce-Asset Holdings Berhad |
| Successor | CIMB Group |
| Founded | 1 October 1999 |
| Defunct | January 2006 |
| Headquarters | Kuala Lumpur, Malaysia |
Key people | Tan Sri Dato' Md Nor Yusof, Chairman Dato' Sri Nazir Razak, Group Chief Executive |
| Products | Consumer Banking Corporate Banking Investment Banking Islamic banking Asset management Insurance |
| Revenue | RM7.74 billion (2008) |
| RM1.95 billion (2008) | |
| Total assets | RM206.7 billion (2008) |
| Total equity | RM11.2 billion (2008) |
Number of employees | 36, 209 (2008) |
| Website | CIMB Group website |
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 standalone 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 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.[1]