Sunday, December 15, 2013

A BRIEF HISTORY OF BANKS IN THE STRAITS SETTLEMENTS AND MALAYSIA 1840 – 1986 (Part 2)



A BRIEF HISTORY OF BANKS IN THE STRAITS SETTLEMENTS AND MALAYSIA 1840 – 1986
by Saran Singh AMN, AMP, PNM






LIST OF FOREIGN INCORPORATED COMMERCIAL BANKS IN MALAYSIA (1986)


   
YEAR COMMENCED     NUMBER OF         BUSINESS IN             BRANCHES IN

                                                                                                     MALAYSIA             MALAYSIA 
            
11.  Standard Chartered Bank                                                          1875                           36
22.    The Hongkong and Shanghai Banking Corporation               1884                           36
33.    Algemene Bank Nederland N.V.                                               1888                             2
44.    Lee Wah Bank Limited                                                               1920                             9
55.    Overseas-Chinese Banking Corporation Limited                   1932                           25
66.    Chung Khiaw Bank Limited                                                       1951                           16
77.    The Bank of Canton Limited                                                      1957                             1
88.    Overseas Union Bank Limited                                                  1958                           12
99.    Citibank N.A.                                                                               1959                             3
110. The Bank of Tokyo Limited                                                        1959                             1
111. Bangkok Bank Limited                                                              1959                             1
112. Bank of America NT & SA                                                        1959                             1
113. The Chase Manhattan Bank NA                                               1964                             1
114. United Overseas Bank Limited                                                1966                             1
115. European Asian Bank                                                               1972                             1
  (name changed to Deutsche Bank (Asia) on 15.12.86)
116. The Bank of Nova Scotia                                                          1973                             1
                                    Total Number of Branches in Malaysia (1986)                       146

NUMBER OF BRANCHES IN:
   MALAYSIA     OVERSEAS
 
LIST OF LOCALLY INCORPORATED COMMERCIAL BANKS IN MALAYSIA (1986)
                                                                                               
YEAR
ESTABLISHED

1

11.  Malayan United Bank Berhad                                  1905                           23                  1 
12.    Kwong Yik Bank Berhad                                          1913                           35                   -
33.    Bank of Commerce Berhad                                    1924                             6                   -
44.    Wah Tat Bank Berhad                                              1929                             2                   -
55.    Ban Hin Lee Bank Berhad                                      1935                           11                   1
66.    Oriental Bank Berhad                                              1936                           13                   -
77.    Hock Hua Bank Berhad                                           1952                            9                    -
88.    United Malayan Banking Corporation Berhad      1960                          57                   9
99.    Malayan Banking Berhad                                        1960                        180                 30
110. Hock Hua Bank (Sabah) Berhad                            1961                           4                    -
111. Kong Ming Bank Berhad                                         1963                            9                   -
112. The Pacific Bank Berhad                                        1963                           12                  -
113. Southern Bank Berhad                                            1963                           16                  -
114. Bank Bumiputra Malaysia Berhad                         1965                         106                 9
115. Development & Commercial Bank Berhad          1965                            29                 -
116. Public Bank Berhad                                                1966                            56                 -
117. Bank Utama (Malaysia) Berhad                            1967                              5                  -
118. United Asian Bank Berhad                                     1972                           33                  -
119. Bank Buruh (Malaysia) Berhad                              1975                             1                  -
220. Perwira Habib Bank Malaysia Berhad                 1975                           26                  -
221. Sabah Bank Berhad                                               1979                             7                  -
222. Malaysian French Bank Berhad                           1982                              6                  -  
                                     Total Number of Branches (1986)                        646                50 




LIST OF MERCHANT BANKS IN KUALA LUMPUR (as at 1986)
11.    Amanah-Chase Merchant Bank Berhad
22.    Arab-Malaysian Merchant Bank Berhad
33.    Aseambankers Malaysia Berhad
44.    Asian International Merchant Bankers Berhad
55.    Asiavest Merchant Bankers (M) Berhad
66.    Bumiputra Merchant Bankers Berhad
77.    D & C Nomura Merchant Bankers Berhad
88.    Malaysian International Merchant Bankers Berhad
99.    Permata Chartered Merchant Bank Malaysia Berhad
110. Pertanian Baring Sanwa Berhad
111. Rakyat First Merchant Bankers Berhad
112. Utama Wardley Berhad

LIST OF GOVERNMENT CONTROLLED BANKS IN MALAYSIA (as at 1986)
11.    Bank Islam Malaysia Berhad, Kuala Lumpur
22.    Bank Kemajuan Perusahaan Malaysia Berhad, Kuala Lumpur
33.    Bank Kerjasama Rakyat Malaysia Berhad, Kuala Lumpur
44.    Bank Pembangunan Malaysia Berhad, Kuala Lumpur
55.    Bank Pertanian Malaysia, Kuala Lumpur
66.    Bank Simpanan Nasional Malaysia, Kuala Lumpur
77.    The Co-Operative Central Bank Limited, Kuala Lumpur
88.    Malaysian Industrial Development Finance Berhad (MIDF), Kuala Lumpur
99.    Sabah Development Bank Berhad, Kota Kinabalu



LIST OF FOREIGN BANKS HAVING REPRESENTATIVE OFFICES IN  KUALA LUMPUR (as at 1987)
11.    Australia and New Zealand Banking Group Limited
22.    Gringlays Bank P.L.C.
33.    Banca Nazionale Del Lavoro
44.    The Bank of California N.A.
55.    Bank of Indonesia
66.    Banque Indosuez
77.    Banque Nationale De Paris
88.    Banque Paribas
99.    Barclays Bank P.L.C.
110. Chemical Bank
111. The Dai-Ichi Kangyo Bank Limited
112. The Daiwa Bank Limited
113. The Fuji Bank Limited
114. The Industrial Bank of Japan
115. Korea Exchange Bank
116. Lloyds Bank International Limited
117. The Long-Term Credit Bank of Japan
118. Manufacturers Hanover Trust Company
119. The Mitsubishi Bank Limited
220. The Mitsui Bank Limited
221. Morgan Guaranty Trust Company of New York
222. National Australia Bank Limited
223. National Westminster Bank P.L.C.
224. The Saitama Bank Limited
225. The Sanwa Bank Limited
226. Societe Generale
227. The Sumitomo Bank Limited
228. The Taiyo Bank Limited
229. The Tokai Bank Limited
330. Westpac Banking Corporation



References:  (a) Straits Settlements Government Gazettes
(b)  Personal papers and notes of Mr. William L.S. Barrett, Canada
(c)  “A History of Currency in the British Colonies” by Robert Chalmers.  Pages 381 – 388 (England 1893)
(d)  “The Chinese Banks Incorporated in Singapore and The Federation of Malaya” by Tan Ee-Leong (Journal Malaya Branch Royal Asiatic 
(e)  “Paper Currency of Malaysia, Singapore and Brunei 1849 – 1970” by William Shaw and Mohd Kassim Hj Ali (Muzium Negara, K.Lumpur, ’71)
(f)   “Bankers Directory of Malaysia 1985” (Published by The Association of Banks in Malaysia)
(g)  “The Kuala Lumpur Bankers Directory 1986” (Published by Arab-Malaysian Merchant Bank Berhad)
(h)  “The First Notes of Singapore” by Colin Narbeth (Coin & Medal News – February 1986)

Photo Illustrations:  The notes of the early private Banks are reproduced from “Standard Catalogue of Malaysia Singapore Brunei Coins and Paper Money” 19th Edition (2010) curtsey of Mr Steven Tan, Kuala Lumpur (Published by International Stamp & Coin Sdn Bhd) 

Note: The information contained in the above article was researched in 1986 and is up-to-date and useful up to that period of time. Numerous changes have occurred in the Banks since 1986 but they are not within the scope of this article.
Saran Singh      August 2011


This article was originally printed in the Malaysia Numismatic Society Bulletins;
Volume 19 No. 1 Jan/Feb 1987, Volume 19 No. 2 Mar/Apr 1987, and Volume 19 No. 3 Jul/Aug 1987.

























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