History

Malayan Commercial Banks’ Association (MCBA) was registered under the Trade Union Act 1959 on 17 January 1963 as a trade union of banking employers.

The following 20 were founder members (by order of alphabet):

  1. Bangkok Bank Limited
  2. Bank of America
  3. The Chartered Bank
  4. Chung Khiaw Bank Limited
  5. First National City Bank
  6. The Eastern Bank Limited
  7. The Hongkong and Shanghai Banking Corporation
  8. The Indian Bank Limited
  9. Indian Overseas Bank Limited
  10. Banque de l’Indochine
  11. Kwong Yik (Selangor) Banking Corporation Limited
  12. Lee Wah Bank Limited
  13. Malayan Banking Limited
  14. Mercantile Bank Limited
  15. Netherlands Trading Society
  16. The Oriental Bank Of Malaya Limited
  17. Oversea-Chinese Banking Corporation Limited
  18. Bank of Tokyo
  19. The United Commercial Bank Limited
  20. United Malayan Banking Corporation Limited

In 1994, the Rules of MCBA were amended to bring within the scope of MCBA wholly-owned finance companies of commercial banks which were either registered or incorporated in the Federation of Malaya or registered or incorporated elsewhere but with offices and/or branches in the Federation, and carrying on the business of banking or financing as their principal or sole purpose in the Federation.

By a further amendment in 1998, the Association is now “composed of commercial banks and finance companies which are either registered or incorporated in Malaysia and carrying on the business of banking or financing as their principal or sole purpose in Peninsular Malaysia.

With the mergers of banks and mergers of finance companies with banks since 2001 and 2004 respectively, we have today on our register a membership of 20 commercial banks, comprising of 7 local anchor banks, 11 foreign banks and 2 Islamic banks.