Summary: Bumiputra-Commerce Holdings Bhd. Dec 07
- ID: 1856487
- December 2007
- Standard & Poors
The ratings on Bumiputra-Commerce Holdings Bhd. (BCHB) reflect the well-diversified financial profile of the group's operating entities and the bank's established franchise in Malaysia. The group has reasonable geographic diversity with financial operations in the region, particularly in Indonesia and Singapore. The ratings also reflect the application of Standard & Poor's group methodology, the holding companies methodology, and the individual credit profiles of the holding company's core operating subsidiaries, in particular CIMB Bank Bhd. (BBB+/Stable/A-2) and CIMB Investment Bank Bhd. (CIMBIB; BBB/Stable/A-2). BCHB is listed on Bursa Malaysia, Malaysia's stock exchange. It is almost 100% ultimately owned by CIMB Bank, the third-largest commercial bank in the country. CIMB Bank is the group's single largest constituent, with 85% of its asset...
Companies mentioned in this report are:
- CIMB Group Holdings Bhd.
- CIMB Bank Bhd.
- CIMB Investment Bank Bhd.
- Bank of Tokyo-Mitsubishi UFJ Ltd.
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