Maybank

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Malayan Banking Berhad (Maybank)
Type Public
Founded Incorporated May 31, 1960
Founder Khoo Teck Puat
Headquarters Kuala Lumpur,
Flag of Malaysia Malaysia
Area served Personal banking services in:
Flag of Malaysia Malaysia
Flag of Brunei Brunei
Flag of the Philippines Philippines
Flag of Singapore Singapore
Key people Datuk Amirsham A Aziz, President and CEO
Industry Banking and Finance
Products Banking and Finance Services
Revenue RM15.18 billion
Slogan "Making Every Moment Count"
Website http://www.maybank2u.com.my

Maybank (MYX: 1155), a trade name for Malayan Banking Berhad is the largest bank and financial group in Malaysia, with significant personal banking operations in Brunei, Singapore and the Philippines as well. The bank also has large interests in Islamic banking and insurance via its Takaful (MYX: 6139) subsidiary. Maybank is the largest bank in Malaysia with 361 domestic branches and 88 international branches. Maybank is the second largest listed company on the Malaysian Stock Exchange, Bursa Malaysia, with a market capitalisation of over RM46.3 billion as of mid-December 2007.


Contents

Menara Maybank, Maybank's main headquarters.
Menara Maybank, Maybank's main headquarters.

Maybank operates a full range of commercials as a number of local banks around the world, corporate, and private banking services, with a network of more than 450 branch offices and more than 2,000 ATM machines in Malaysia. The company operates 22 branches throughout Singapore providing a full range of banking and financial products and services. Maybank, through Maybank Philippines Incorprated, has 45 branches in the Philippines and also has a banking presence in most of the other Southeast Asian markets, including Brunei, Papua New Guinea, Indonesia, and Vietnam. The bank also operates branches in New York and London, noted to be the bank with attitude towards its customers, as the quality of services vary from customer to customer and not all of them are treated as equal.

Maybank was the first Malaysian bank granted the right to establish a branch office in China, a particularly important market given the large and economically powerful ethnic Chinese population in Malaysia. Beside its commercial banking network, Maybank operates a number of specialized subsidiaries in the insurance, investment banking and assets management, and finance sectors. The group's subsidiaries include Mayban General Assurance, Mayban Life Assurance, and Mayban Takaful, the latter focusing on developing insurance products compatible with Muslim law; the Aseam group, including Aseam Credit, Aseamlease, Aseam Unit Trust, and Aseambankers Malaysia Bhd; Mayban International Trust, Mayban Discount, and Mayban Investment Management; and Mayban Securities.

Maybank was founded by Malaysian business tycoon Khoo Tech Puat, who died in 2004. However, the company has been led by President and CEO Amirsham A. Aziz for some two decades. As of December 31, 2006, Maybank was the largest Malaysian bank, boasting assets worth USD$66.7 billion, placing it among the top 120 banks worldwide. Malayan Banking is also a listed corporation on Bursa Malaysia.

Menara Maybank, Maybank's main headquarters in Singapore.
Menara Maybank, Maybank's main headquarters in Singapore.

Total Assets = 64 billion USD. Net Profit (FY 2005/2006) = 0.80 billion USD

Total Assets = 56 billion USD. Net Profit (FY 2005/2006) = 0.70 billion USD

  • 1960 - The bank was formed and founded by Malaysian business tycoon Khoo Teck Puat
  • 1964 - The company established Mayban Trustees Bhd (MTB)
  • 1973 - Forming its own investment banking subsidiary, Aseambankers Malaysia Berhad (Asian & Euro-American Merchant Banking (Malaysia) Berhad)
  • 1975 - Aseambankers establishment of a joint venture, Kota Discount Berhad, in partnership with a group of Kuala Lumpur-based investors
  • 1986 - Acquired a majority stake in Kota's which renamed to Mayban Discount Berhad in 1989
  • 1987 - Mayban Securities Sdn Bhd set up to provide stockbroking and other investment services
  • 1990 - The new Malaysian Offshore Banking Act passed and the bank set up new operations in the Federal Territory of Labuan
  • 1990 - Mayban Unit Trust Berhad has been added, a subsidiary focused on the management of unit trust funds
  • 1992 - Maybank launching Maybank General Assurance Bhd
  • 1993 - Acquisition of Safety Life & General insurance Sdn Bhd then relaunched as Mayban Life Assurance
  • 1994 - Set up a subsidiary in Papua New Guinea, which opened 2 branch offices in Port Moresby and Lae
  • 1996 - Entered a joint-venture with PT Bank Nusa Internasional (Indonesia), bringing the Maybank name to the Indonesian market
  • 1997 - Joined forces with Philippine National Bank, acquiring 60 percent stake of the former Republic Savings Bank
  • 1997 - Renamed its new subsidiary Maybank Philippines Inc. (MPI) which later gained full control of the enterprise
  • 1997 - Acquired through Philmay Holding Inc. and establishment of the real estate and property development vehicle Philmay Property Inc.
  • 2000 - Maybank Philippines Inc. (MPI) network boasted nearly 60 branches across the Philippines
  • 2000 - Merger completed with the Pacific Bank and the PhileoAllied Bank after Malaysian Government directive.
  • 2000 - the corporate cracked the world top 120 banks for the first time
  • 2001 - Opened a branch office in Shanghai after gaining a licence in China
  • 2001 - Applied for a license to begin operations in Bahrain
  • 2002 - Launched of Mayban Takaful Bhd begin promoting Takaful insurance products
  • 2004 - Failed in a bid to take over Bank Permata of Indonesia
  • 2005 - Finally received approval to launch a takeover bid, through its Aseambankers subsidiary, of BinaFikir Sdn Bhd
  • 2005 - Acquired, via the Insurance Company Mayban Fortis, MNI Insurance and Takaful Nasional
  • 2007 (May) - Maybank courted controversy when it set out a guideline via an internal circular requiring law firms that intend to deal with the bank to have at least three partners, where one must be a Bumiputra. The guideline was accused of being discriminatory. However, although it is not an official Government policy, it is a norm in Malaysian banking and legal practice, and is tacitly approved by the Malaysian Government. Owing to the concrete proof from the internal circular that such a practice exists, the Malaysian Cabinet of Ministers had to order the bank to cease such practices, although there is still no stopping the bank (and all other Malaysian banks) to continue with such practices unofficially.

  • Aseam Credit Sdn Bhd
  • Aseam Malaysia Nominees (Asing) Sdn Bhd
  • Aseam Malaysia Nominees (Tempatan) Sdn Bhd
  • Aseambankers Malaysia Bhd
  • Aseamlease Bhd
  • Mayban (Nominees) Sdn Bhd
  • Mayban Discount Bhd
  • Mayban General Assurance Bhd
  • Mayban International Trust
  • Mayban International Trust (Labuan) Bhd
  • Mayban Investment Management Sdn Bhd
  • Mayban Life Assurance Bhd
  • Mayban Life International (Labuan) Ltd
  • Mayban Nominees (Asing) Sdn Bhd
  • Mayban Nominees (Hong Kong) Ltd
  • Mayban Nominees (Singapore) Pte Ltd
  • Mayban Nominees (Tempatan) Sdn Bhd
  • Mayban Offshore Corporate Services (Labuan) Sdn Bhd
  • Mayban Securities (Holdings) Sdn Bhd
  • Mayban Securities Nominees (Asing) Sdn Bhd
  • Mayban Securities Nominees (Tempatan) Sdn Bhd
  • Mayban Securities Nominees Sdn Bhd
  • Mayban Securities Sdn Bhd
  • Mayban Takaful Berhad
  • Mayban Trustees Bhd
  • Mayban Unit Trust Berhad
  • Mayban Venture Capital Co Sdn Bhd
  • Mayban Ventures Sdn Bhd
  • Maybank (PNG) Ltd
  • Maybank International (L) Limited
  • Maybank International Islamic Banking Operations
  • Maybank Philippines Inc
  • Mayfin Nominees (Tempatan) Sdn Bhd
  • Philmay Holding Inc.
  • Philmay Property Inc.
  • PT Bank MayBank Indocorp
  • RPB Venture Capital Corporation.

  • Maybank
  • Maybank International (L) Limited
  • Maybank Philippines Inc
  • Maybank (PNG) Ltd
  • PT Bank MayBank Indocorp

  • Mayban General Assurance Bhd
  • Mayban Life Assurance Bhd
  • Mayban Life International (Labuan) Ltd
  • Mayban Takaful Berhad

Finance

  • Aseam Credit Sdn Bhd
  • Aseamlease Bhd

  • Aseambankers Malaysia Bhd
  • Mayban Discount Bhd
  • Mayban Investment Management Sdn Bhd
  • Mayban Securities Sdn Bhd
  • Mayban Securities (Holdings) Sdn Bhd

Retrieved from "http://en.wikipedia.org/wiki/Maybank"
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