ABSTRACT
This chapter examines the growth of banking in Malaysia since the Second World War. It has three important themes. First, it examines how Malaysian Chinese-controlled banks displaced established Western banks immediately after independence. What were their competitive strategies in usurping the position of Western banks? How did they respond to the threat posed by the New Economic Policy (NEP) and the economic restructuring in favour of the bumiputras, introduced after the 1969 race riots?
