CIMB Bank is a Malaysian bank with branches in Malaysia as well as in many other countries. Its name is the acronym for Commerce International Merchant Bankers. CIMB operates as a universal bank involved in various banking activities as commercial bank and investment bank.
CIMB is the result of many bank mergers. Its oldest entity traces its roots to 1924, when Bian Chiang Bank was founded in Kuching by Wee Kheng Chiang of the same Wee family that were the founding members of United Overseas Bank (UOB) in Singapore in 1971.
In 1935, the Towkay Yeap Chor Ee established Ban Hin Lee Bank in Penang. Later becoming known as BHL Bank, it was listed on the Kuala Lumpur Stock Exchange in 1991. In 1948, Bank Lippo was established in Indonesia while in 1955, Bank Niaga was also established in Indonesia. In 1965, Southern Banking Ltd was also established in Penang, the same year that Bank Bumiputra Malaysia Bhd was founded. In 1972, United Asian Bank Bhd was established in Kuala Lumpur while in 1974, Pertanian Baring Sanwa Multinational Bhd was founded. Pertanian Baring Sanwa Multinational became known as Commerce International Merchant Bankers (CIMB) in 1986.
Seperately in 1991, Bank of Commerce acquired United Asian bank, and the new entity became known as Commerce-Asset Holdings Bhd. It changed its name again in 1999, when it merged with Bank Bumiputra, becoming Bumiputra-Commerce Bank. Meanwhile, government-initiated bank consolidation saw the acquisition of BHL Bank by Southern Bank, which also acquired United Merchant Finance, Perdana Finance and Cempaka Finance.
In 2005, CIMB acquired Bumiputra-Commerce Group and the following year, the Southern Bank Group, and from 2006, became the new CIMB Group which has branches all over Malaysia, with many in Penang.
If you are seeking private guided tours of Penang, message Penang Tour Guides at penangtourguides@gmail.com and enquire with them.
Buy, rent or sell properties in Penang
Do you have a property for sale or to rent out? Are you looking to buy or rent a property? Get in touch with me. WhatsApp me (Timothy Tye) at 012 429 9844, and I will assign one of my property agents to serve you. I will choose the agent for you, according to your property needs. So when you message me, provide me some details of what you need, whether to sell, to buy, to rent or to rent out, and what type of property, is it condo, apartment, house, shop, office or land.
Adakah anda mempunyai hartanah untuk dijual atau disewakan? Adakah anda ingin membeli atau menyewa hartanah? Hubungi saya. WhatsApp saya (Timothy Tye) di 012 429 9844, dan saya akan menugaskan salah seorang ejen hartanah saya untuk berkhidmat kepada anda. Saya akan pilih ejen untuk anda, mengikut keperluan hartanah anda. Oleh itu, apabila anda menghantar mesej kepada saya, berikan saya beberapa butiran tentang apa yang anda perlukan, sama ada untuk menjual, untuk membeli, untuk disewakan atau untuk disewakan, dan jenis hartanah apakah itu kondo, pangsapuri, rumah, kedai, pejabat atau tanah.
Let me take you to explore and discover Penang through my series of walking tours on YouTube. You may use these videos as your virtual tour guide. At the beginning of each video, I provide the starting point coordinates which you may key into your GPS, Google Maps or Waze, to be navigated to where I start the walk, and use the video as your virtual tour guide.
Disclaimer
Please use the information on this page as guidance only. The author endeavours to update the information on this page from time to time, but regrets any inaccuracies if there be any.
Hello and thanks for reading this page. My name is Timothy and my hobby is in describing places so that I can share the information with the general public. My website has become the go to site for a lot of people including students, teachers, journalists, etc. whenever they seek information on places, particularly those in Malaysia and Singapore. I have been doing this since 5 January 2003, for over twenty years already. You can read about me at Discover Timothy. By now I have compiled information on thousands of places, mostly in Peninsular Malaysia and Singapore, and I continue to add more almost every day. My goal is to describe every street in every town in Malaysia and Singapore.