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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.
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.
Aug 11, 2009 · 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.
The 39-storey Menara Bumiputra-Commerce houses CIMB Group’s consumer banking franchises — CIMB Bank and CIMB Islamic.
In a major corporate restructure to create a universal bank, CIMB acquires sister company Bumiputra-Commerce Bank from holding company CAHB.
It has been listed on the Main Board of Bursa Malaysia, the nation's stock exchange since 2001. As at February, Bumiputra Commerce Bank was the sixth-largest company on Bursa Malaysia with a market capitalization of RM21.7 billion.
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CIMB Group is a leading focused ASEAN bank and one of the region’s foremost corporate advisors. It is also a world leader in Islamic finance. The Group is headquartered in Kuala Lumpur, Malaysia, and offers Consumer Banking, Commercial Banking, Investment Banking, Islamic Banking and Asset Management products and services.
