List of banks in Malaysia

Last updated

This is a list of financial institutions in Malaysia .

Contents

Central Bank

Top largest banks in Malaysia

List of Malaysian banks by total assets as of 31 December 2022 [1]
RankingBankTotals in billions of Malaysian ringgit
AssetsEquity
1 Malayan Banking Berhad 947.886.0
2 CIMB Group Holdings 666.763.8
3 Public Bank Berhad 493.350.2
4 RHB Bank 310.828.7
5 Hong Leong Bank 265.232.1
6 AmBank 185.217.6
7 UOB Malaysia 140.412.6
8 Bank Rakyat 117.322.6
9 OCBC Bank Malaysia 99.59.3
10 HSBC Bank Malaysia 94.611.2
11 Bank Islam Malaysia 89.96.8
12 Affin Bank 90.110.6
13 Alliance Bank Malaysia Berhad 65.16.6
14 Standard Chartered Bank Malaysia 57.95.5
15 MBSB Bank Berhad 54.17.9
16 Citibank Malaysia 42.94.3
17 Bank Simpanan Nasional (BSN) 49.84.0
18 Bank Muamalat Malaysia Berhad 31.52.9
19 Agrobank 18.83.2
20 Al-Rajhi Malaysia 12.20.9
21 Co-op Bank Pertama 6.11.0
22 MBSB Bank 6.11.0

Malaysian national nationwide banks

Commercial banks

List of foreign banks (commercial)

List of Licensed Banking Institutions in Malaysia (commercial) in alphabetical order

List of Digital banks in Malaysia

Conventional Digital Bank

Islamic Digital Bank

List of banks with marketing and representative offices in Malaysia

List of offshore banks and branches in Labuan (licensed and regulated by Labuan Financial Services Authority)

  • Aminternational (Labuan) Ltd (Labuan Branch)
  • AmMerchant Bank Berhad
  • Asian Trade Investment Offshore Bank (Labuan)
  • Bank Islam Malaysia Berhad, (Labuan Offshore Branch)
  • Bank Muamalat Malaysia Berhad, (Labuan Offshore Branch)
  • Bank of America National Association Berhad, (Labuan Branch)
  • The Bank of East Asia Ltd (BEA) (Labuan Branch)
  • The Bank of Nova Scotia (Labuan Branch)
  • The Bank of Tokyo-Mitsubishi UFJ Limited (Labuan Branch)
  • Barclays Bank PLC (Labuan Branch)
  • BNP Paribas (Labuan Branch)
  • Calyon (Labuan Branch)
  • Capital Investment Bank Limited (Labuan)
  • Cathay United Bank (Labuan)
  • Consolidated Credit(S)Berhad
  • CIMB Bank (L) Limited
  • Citibank Malaysia (L) Limited (Labuan)
  • City Credit Investment Bank Limited (Labuan)
  • Commercial IBT (Labuan Branch)
  • Credit Suisse (Labuan Branch)
  • DBS Bank Limited (Labuan Branch)
  • Deutsche Bank AG (Labuan Branch)
  • Dresdner Bank AG (Labuan Branch)
  • ECM Libra Investment Bank Limited (Labuan)
  • European Credit Investment Bank Ltd (ECIB)
  • First East Export Bank (P.L.C) (FEEBANK)
  • The Hong Kong and Shanghai Banking Corporation Limited Offshore Banking Unit (Labuan)
  • Industrial and Commercial Bank of China (Labuan Branch)
  • ING Bank NV (Labuan Branch)
  • The Mega International Commercial Bank (Labuan Branch)
  • J.P. Morgan Malaysia Ltd (Labuan)
  • J.P. Morgan Chase Bank National Association (Labuan Branch)
  • KBC Bank NV (Labuan Branch)
  • Kuwait Finance House Labuan Berhad (Labuan Branch)
  • Lloyds TSB Bank PLC (Labuan Branch)
  • Middle East Investment Bank LTD
  • Mizuho Bank Ltd (Labuan Branch)
  • Macquarie Bank Limited (Labuan Branch)
  • Morgan Stanley Labuan Investment Bank Limited (Labuan Branch)
  • Natexis Banques Populaires (Labuan Branch)
  • OSK Investment Bank (Labuan) Limited (Labuan)
  • OCBC Bank Limited (Labuan Branch)
  • Public Bank (L) Limited (Labuan)
  • Rabobank Nederland (Labuan Branch)
  • RHB Bank (L) Ltd (Labuan)
  • RM Investment Bank
  • The Royal Bank of Scotland PLC (Labuan Branch)
  • RUSD Investment Bank Inc (Labuan)
  • Schroders Malaysia (L) Berhad (Labuan)
  • Société Générale (Labuan Branch)
  • Sumitomo Mitsui Banking Corporation (Labuan Branch)
  • UBS AG (Labuan Branch)
  • United Overseas Bank Limited (Labuan Branch)

Investment banking arm (wholesale banking)

Investment banks (full list)

Merchant bank

There is none as all previous ones have been converted or merged into investment banks.

Other types of banks

18 Islamic banks (local and foreign) (full list)

Development financial institutions (government-owned banks) (full list)

Discount house

There is none as all previous ones has been transformed into investment bank

Moneybrokers (full list)

Other financial institutions (full list)

List of credit cards, charge cards, debit cards and prepaid cards issuers

Credit cards issuers

(i) denotes Islamic Only facilities.

Charge cards issuers

Bank IssuerCharge Card Endorser
Diners Club (Malaysia) Sdn Bhd*Diners Club*
Maybank BerhadAmerican Express

* Left the Malaysian market [3]

Malaysia debit card issuers

Bank IssuerMEPS ATMMain brandCo-brand
Al-Rajhi Islamic BankMEPS Visa Electron Musafir-Hajj (SAR)
Affin BankMEPSMastercardMyDebit
Affin IslamicMEPSMastercardMyDebit
Alliance BankMEPSMastercardMaestro, MyDebit
AmBankMEPSMastercardMyDebit
Bank IslamMEPSVisa ElectronMyDebit
Bank of China (Malaysia)-Mastercard, Unionpay
Bank Muamalat Malaysia BhdMEPSMastercardMyDebit
Bank RakyatMEPSMastercardMyDebit
Bank Simpanan NasionalMEPSVisa ElectronMyDebit
CIMB BankMEPSMastercardMyDebit
Citibank(Sold to UOB Group Malaysia)MEPSMastercardMyDebit
Hong Leong BankMEPSMastercardMyDebit
HSBC BankMEPSVisaMyDebit
ICBC MalaysiaMEPSUnionPay
Kuwait Finance HouseMEPSVisa Electron-
MaybankMEPSVisa, MastercardMyDebit
MBSB BankMEPSVisaMyDebit
OCBC BankMEPSMastercardMyDebit
Public BankMEPSVisa, Unionpay, MastercardMyDebit
RHB BankMEPSVisa, MastercardMyDebit
Standard Chartered BankMEPSMastercardMyDebit
United Overseas BankMEPSMastercardMyDebit

So far Al-Rajhi Visa card BIN allows online purchases for flights and US purchases. Restricted for non-Halal uses such as Casino, Pub etc. Can be used at Genting Resorts.
E-MasterCard is the electronic Mastercard (non-embossed). It may be personalised.
NETS is the Network for Electronic Transfer System in Singapore for EFTPOS. ATM roaming use only.
All banks are BERHAD (Public Limited Company) except Bank Rakyat and BSN which are Coop and government entities respectively. Most mainline banks are now members of MEPS ATM. Withdrawal charges normally are about RM1 for major banks except where stated (as much as RM5 each time). All Visa card are non-embossed type except for Citibank Ready Credit accounts. Bank Rakyat, Muamalat, OCBC Bank do not co-brand their cards except for ATM use only. Maybank has the largest capitalisation in Malaysia in June 2018.

Central Bank of Malaysia expects all debit cards issued in Malaysia to be co-branded with the local network 'MyDebit' latest by the year 2017. [4]

Prepaid card issuers

Bank issuerPrepaid card endorserCost for starter packCost to maintain
Merchantrade AsiaVisaRM100RM10 per annum.
AEON Credit ServiceMastercardRM25Free
Alliance BankMastercard (DIGI Simple MasterCard)Nil (for DiGi subscriber)Nil*
AmBank BerhadMastercard (NextG)RM25RM3 per month*
Bank of China (Malaysia)UnionPayRM25(For Chinese Yuan Card), usable overseas and charged in Chinese Yuan for every purchase. MYR Prepaid card is available again through the bank.
Bank Islam BerhadMastercardRM50Free but up to 3 years*
CIMB Bank MalaysiaMastercardRM10RM10 per annum (Launched in conjunction with Lazada)
MaybankAmerican ExpressRM15RM6 per annum. Shell easiGo.
MaybankVisaRM20RM6 per annum. Manchester United Card
RHB Bank BerhadVisaRM24RM24 per annum.
RHB Bank BerhadVisaRM24RM24 per annum. In partnership with Sogo Malaysia.
BigPay MalaysiaMastercardRM10 (Waived if performed an initial reload of RM20)Waived unconditionally

* No longer available

Affiliates

Other private financial institutions

Licensed Money Lenders

Defunct, merged, acquired or renamed banks

(more to come)

80 Licensed Fund Managers (+ Futures Fund Managers) ('full list)

16 Licensed Futures Brokers (full list)

37 Licensed Dealers (full list)

96 Licensed Investment Advisers (+ Financial Planner) (full list)

85 Corporate

16 Individual

49 Registered Ventures Capital Corporations (full list)

42 Registered Ventures Capital Management Corporations (full list)

(more to come)

8 Life and General Businesses(full list)

8 Life Businesses(full list)

26 General Businesses(full list)

1 Life and General Reinsurance Businesses (full list)

1 Life Reinsurance Businesses (full list)

4 General Reinsurance Business (full list)

12 Takaful Operators (full list)

Defunct Insurance companies

(More to come)

See also

Related Research Articles

<span class="mw-page-title-main">Maybank</span> Malaysian bank

Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.

Bank Islam Malaysia Berhad is an Islamic bank based in Malaysia that was established in July 1983. Bank Islam was established primarily to assist the financial needs of the country's Muslim population, and extended its services to the broader population. The bank currently provides Sharia-compliant card services and mobile banking.

<span class="mw-page-title-main">Public Bank Berhad</span> Bank based in Kuala Lumpur, Malaysia

Public Bank Berhad is a bank based in Kuala Lumpur, Malaysia, offering financial services in Malaysia as well as the Asia-Pacific region.

Prasarana Malaysia Berhad (Prasarana) (English: Malaysian Infrastructure Limited) is a 100% government-owned company which was set up by Ministry of Finance (Malaysia) as a corporate body established under the Minister of Finance (Incorporation) Act 1957 to own the assets of multi-modal public transport operator in Malaysia, under the government's move to restructure the city's public transport system. It is one of the largest public-transport companies in Malaysia other than Konsortium Transnasional Berhad. As a government-owned company since 1998, it operates stage bus and light metro services via several wholly owned subsidiaries.

Affin Bank Berhad d.b.a. AFFIN BANK is the Financial Holding Company of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd, AXA AFFIN Life Insurance Berhad and AXA AFFIN General Insurance Berhad of Affin Bank Berhad.

<span class="mw-page-title-main">Malaysian Electronic Payment System</span>

The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).

<span class="mw-page-title-main">RHB Bank</span> Malaysian bank

RHB Bank Berhad is a Malaysian bank based in Kuala Lumpur and founded in 1994. It is one of the largest banks in Malaysia.

<span class="mw-page-title-main">Tabung Haji</span> Hajj fund board in Malaysia

Lembaga Tabung Haji (Jawi: تابوڠ حاج ; Arabic صندوق الحج) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur. Tabung Haji facilitates savings for the pilgrimage to Mecca through investment in Shariah-compliant vehicles. Through its subsidiaries, the company also engaged in other industries such as finance, hospitality, property, plantation and information technology.

<span class="mw-page-title-main">Cahya Mata Sarawak</span> Malaysian conglomerate

Cahya Mata Sarawak Berhad (CMSB) (MYX: 2852) is a corporation listed on the Main Market of the Malaysian stock exchange, Bursa Malaysia. It is an investment holding company involved in Sarawak in manufacturing of cement and other construction materials, road construction and maintenance, laying of undersea pipelines, dam construction, smelting, property development, financial services, and education.

<span class="mw-page-title-main">AmBank</span> Malaysia-based bank

AmBank Group comprises AMMB Holdings Berhad is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance.

<span class="mw-page-title-main">Great Eastern Life</span> Singaporean insurance company

Great Eastern Life Assurance Co. Ltd, often known as Great Eastern Life or simply Great Eastern, is a Singaporean multinational insurance company and subsidiary of OCBC Bank operating in the Southeast Asia region. Founded in 1908 by Alfred Hewton Fair, it is the largest and oldest life insurance company in Singapore and Malaysia.

<span class="mw-page-title-main">CIMB</span> Malaysian Universal Bank

CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.

<span class="mw-page-title-main">IJM Corporation</span>

IJM Corporation Berhad is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad. Its core business activities encompass construction, property development, manufacturing and quarrying, Infrastructure concessions and plantations. Headquartered in Selangor, Malaysia, IJM's regional aspirations have seen it establish a growing presence in neighbouring developing markets with operations presently spanning 10 countries, with primary focus in Malaysia, Singapore, Australia, United Arab Emirates, China, Indonesia and India.

<span class="mw-page-title-main">Citibank (Malaysia)</span> Bank in Malaysia

Citibank Berhad is a licensed commercial bank operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited, commencing its banking operations in Malaysia since 1959. Citibank Berhad was locally incorporated in 1994. Citibank Berhad has 11 branches spread across Kuala Lumpur, Selangor, Penang, Kuantan, Malacca and Johor, offering a wide range of banking and financial services including retail banking, institutional banking, and investment products and services.

<span class="mw-page-title-main">Tun Razak Exchange</span> Central business district in Malaysia

The Tun Razak Exchange, otherwise known as TRX, is a 70-acre development by Ministry of Finance Malaysia (MOF) in the heart of Kuala Lumpur for international finance and business. The development was named after the second Prime Minister of Malaysia, Tun Abdul Razak Hussein, due to its location along Jalan Tun Razak. TRX is a strategic enabler of the Malaysian government's Economic Transformation Programme (ETP).

<span class="mw-page-title-main">United Overseas Bank</span> Singaporean regional bank

United Overseas Bank Limited, often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries.

<span class="mw-page-title-main">Affin Hwang Capital</span>

Affin Hwang Capital is the brand name of Affin Hwang Investment Bank Berhad, a specialist Malaysian-based investment banking group, formed in September 2014.

<span class="mw-page-title-main">Etiqa</span> Malaysian life insurance company

Etiqa is an insurer and takaful operator in ASEAN. A member of the Maybank Group, it offers life and general insurance policies, as well as family and general takaful plans via more than 10,000 agents, 46 branches, 17 offices, a bancassurance network comprising over 490 branches, cooperatives, brokers and online platforms across Malaysia, Singapore, Indonesia, Philippines and Cambodia. Etiqa is also a digital insurance/Takaful player in Malaysia with over 55% market share of online premium/contribution in the past three consecutive years. Etiqa is also a bank assurance player in Malaysia, in Digital Life Insurance in Singapore and a Group Medical insurer in the Philippines.

Merchantrade Asia (Merchantrade) is a Money Services Business (MSB), Digital Payment Service, Micro-insurance and Mobile Virtual Network operator (MVNO), based in Malaysia.

<span class="mw-page-title-main">Amanah Raya Berhad</span> Malaysian trustee company

Amanah Raya Berhad is a Malaysian trustee company, wholly owned by the Government of Malaysia.

References

  1. "Relbanks list" . Retrieved 15 July 2015.
  2. http://www.thestar.com.my/business/business-news/2016/11/02/ccb-gets-banking-licence/ Bank gets licensed in Malaysia
  3. "Announcement from "Diners Club International"".
  4. http://www.bnm.gov.my/documents/conference_vol/2014_PaymentSystem/The%20Future%20of%20Debit%20Card%20in%20Malaysia%20by%20Tay%20Gim%20Soon%20(on%20behalf%20of%20Peter%20Schiesser).pdf page 18