Southern Bank
Encyclopedia
Southern Bank was a Malaysian bank
and the ninth-largest lender while being one of the ten anchor banks in Malaysia.
In 2006 it was bought over by Bumiputra-Commerce Holdings
(BCHB). BCHB plans to delist the bank from public listing as well as Bumiputra-Commerce and CIMB
(Investment bank division). Therefore these three banks will convert into 1 universal bank and will rename CIMB Bank.
Previously, it was 3.3% owned by Singapore's OCBC Bank.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
and the ninth-largest lender while being one of the ten anchor banks in Malaysia.
In 2006 it was bought over by Bumiputra-Commerce Holdings
Bumiputra-Commerce Holdings
Bumiputra-Commerce 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...
(BCHB). BCHB plans to delist the bank from public listing as well as Bumiputra-Commerce and CIMB
CIMB
CIMB Group CIMB Group is a regional universal bank operating in high growth economies in ASEAN. CIMB Group has the widest retail branch network across the region and is an indigenous ASEAN investment bank....
(Investment bank division). Therefore these three banks will convert into 1 universal bank and will rename CIMB Bank.
Previously, it was 3.3% owned by Singapore's OCBC Bank.