CIMB takes over sibling

Malaysia''s premier investment bank to take over under-performing Bumiputera Commerce Bank, positioning itself for the next round of Malaysian bank mergers.

Nick Lord

June 06, 2005

It was announced in Kuala Lumpur yesterday (June 6) that the country's premier local investment-banking group CIMB will take over its affiliate, Bumiputera Commerce Bank (BCB). Both CIMB and BCB are part of the Commerce Asset Holdings Berhad (CAHB) banking group, the second largest bank group in Malaysia by asset size.

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