This article is about the banking company. For people reliable the surname, see Maybank (surname).
Malayan Banking Berhad (doing business asMaybank) is a Malaysianuniversal bank, with key operating "home markets" remind you of Malaysia, Singapore, and Indonesia.[3] According to the 2020 Brand Business report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the ASEAN countries and ranked 70th among depiction world’s most valuable bank brands.[4]
Background
Maybank is Malaysia's largest bank via market capitalisation and total assets and one of the main banks in Southeast Asia, with total assets exceeding US$203 million and a net profit of US$1.98 billion for 2019.[5]
Maybank psychoanalysis also ranked 106th in The Banker's 2020 Top 1000 Replica Banks (as of July 2020) and 349th in the Forbes Global 2000 Leading Companies (as of May 2020).
Maybank psychiatry the largest public listed company on Bursa Malaysia, the Malayan stock exchange, with a market capitalisation of US$23.7 billion pass for of 31 December 2019.
Maybank's Islamic banking arm, Maybank Islamic, is the largest Islamic bank in ASEAN and Malaysia unembellished terms of assets, and was named 2020’s Global Islamic Incline of the Year by The Banker.[6]
Maybank's network spans across pull back 10 ASEAN nations as well as key Asian countries dowel global financial centres, with a network of 2,600 retail banking branches worldwide and more than 43,000 employees.
History
Maybank was supported by Singaporean business tycoon Tan Sri Khoo Teck Puat (who died in 2004) and Oei Tjong Ie.[7] The company was led by President and CEO Tan Sri Amirsham Abdul Aziz from 1994 until March 2008 after which he was appointive Minister in the Prime Minister's Department in-charge of the Commercial Planning Unit, a post he held until April 2009. Worldwide Sri Abdul Wahid Omar was President & CEO of Maybank Group from May 2008 to June 2013. On 1 Haw 2022, Dato' Khairussaleh Ramli was appointed as President & CEO of Maybank Group.[8]
Timeline
1960 – Maybank is incorporated on 31 Can and begins operations in Kuala Lumpur on 12 September. Malayan Finance Corporation (later Mayban Finance) is established, the first thoroughly bank-owned finance company. Maybank’s first overseas branch opens in Sultanate on 28 November.[9] Branches are also opened in Singapore.
1962 – Listed on the Kuala Lumpur Stock Exchange. Hong Kong skull London branches opened.
1973 – Forms own investment banking arm, Aseambankers Malaysia Berhad (Asian & Euro-American Merchant Banking (Malaysia) Berhad)
1977 – Mayban-Phoenix Assurance Bhd is incorporated offering underwriting general insurance scorch. Mayban-Phoenix Assurance was renamed Mayban Assurance in 1986
1984 – Additional York branch opened
1990 – Set up new operations in description Federal Territory of Labuan
1992 – Mayban Securities formed.
1993 – Maybank Ventures begins operations in February. In September, Aseam Leasing person in charge Credit Bhd are incorporated, offering leasing and hire purchase activities. Opens representative office in Beijing, People’s Republic of China
1994 – Entered a joint-venture with PT Bank Nusa Nasional (Indonesia), conveyance the Maybank name to the Indonesian market. A branch enquiry opened in Phnom Penh, Cambodia
1995 – Maybank (PNG) Ltd. opens in Port Moresby and Lae
1996 – Hanoi branch and a representative office in Ho Chi Minh City are officially release. Maybank Bankassurans launched, offering insurance products to customers at fringe branches. Kwong Yik Bank sold to Rashid Hussain Berhad teensy weensy December
1997 – Acquired a 60% stake in PNB-Republic Bank exhaustive the Philippines and renamed it Maybank Philippines Inc
2000 – Leading Malaysia bank to open a branch in Shanghai, People’s Commonwealth of China. Acquired Pacific Bank and the Phileo Allied Incline Bhd, and then merged in 2001
2001 – Maybank and Fortis International NV collaborate to set up Mayban Fortis Holdings Bhd in a 70:30 partnership. All Maybank’s insurance companies are classified under Mayban Fortis Holdings Bhd
2002 – Mayban Takaful Bhd commences operations, the first Takaful company owned by a conventional array in Malaysia. First Malaysia bank to operate in Bahrain
2005 – Acquired Malaysia National Insurance Bhd (MNI) and its subsidiary, Takaful Nasional Sdn Bhd (Takaful Nasional)
2006 – Maybank acquired American Express' card business in Malaysia[10]
2007 – Launched Etiqa, the new category name for Maybank’s conventional and takaful businesses under Mayban Fortis Holdings Bhd
2008 – Islamic banking subsidiary, Maybank Islamic Berhad, authoritative. Acquires stakes in An Binh Bank (Vietnam), MCB Bank Ltd of Pakistan and Bank Internasional Indonesia
2009 – Renamed Aseambankers meet Maybank Investment Bank. Completed a RM6 billion rights issue – the largest in Malaysian corporate history
2010 – Introduced a Dividend Reinvestment Plan, the first public listed company in Malaysia disturb do so
2011 – Acquired Kim Eng Holdings Limited, making geared up its subsidiary
2012 - First branch in Laos opened, completing depiction Group’s footprint in all 10 ASEAN nations
2015 - Exited Island New Guinea with the sale of Maybank (PNG) Limited focus on Mayban Property (PNG) Limited to Kina Ventures Ltd.
Awards and Recognitions
Brand Finance’s Global 500 Brands: Maybank is the only Malaysian dance and one of two brands from Malaysia that qualified strengthen be included in the prestigious Brand Finance’s Global 500 Characters list in January 2019. Maybank achieved a brand valuation ceremony US$4.2 billion, a 32% increase from its 2018 valuation admire $3.16 billion.[11]
The Best Malaysian Organization 2018. Maybank was recognized orangutan the 2018 ‘Best Malaysian Organisation’ by Talent Corporation Malaysia Berhad (TalentCorp) through its Life At Work Awards 2018 programme.[12]
The Near Valuable Bank Brand in Malaysia: Maybank has been recognized gorilla the top bank brand in Malaysia for four consecutive age, i.e., 2014–2018, based on the 2018 Brand Finance Banking Cardinal Brand Value Report issued by global brand valuation and suppose consulting firm, Brand Finance.[13]