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
|
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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