Company type | Public limited company |
---|---|
MYX: 1155 | |
ISIN | MYL1155OO000 |
Industry | Financial Services |
Founded | 31 May 1960 |
Founders | Khoo Teck Puat Mohd Azri Bin Subohi |
Headquarters | |
Area served | |
Key people |
|
Revenue | RM51.03 billion (US$11.59 billion) (2021) [1] |
RM25.45 billion (US$5.78 billion) (2021) | |
RM8.20 billion (US$1.98 billion) (2019) [1] | |
Total assets | RM888.00 billion (US$201.84 billion) (2021) [1] |
Number of employees | Over 43,000 |
Subsidiaries |
|
Website | www |
Malayan Banking Berhad (doing business as Maybank) is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. [3] 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. [4]
Maybank is Malaysia's largest bank by market capitalisation and total assets and one of the largest banks in Southeast Asia, with total assets exceeding US$203 billion and a net profit of US$1.98 billion for 2019. [5]
Maybank is also ranked 106th in The Banker's 2020 Top 1000 World Banks (as of July 2020) and 349th in the Forbes Global 2000 Leading Companies (as of May 2020).
Maybank is the largest public listed company on Bursa Malaysia, the Malaysian stock exchange, with a market capitalisation of US$23.7 billion as of 31 December 2019.
Maybank's Islamic banking arm, Maybank Islamic, is the largest Islamic bank in ASEAN and Malaysia in terms of assets, and was named 2020’s Global Islamic Bank of the Year by The Banker. [6]
Maybank's network spans across all 10 ASEAN nations as well as key Asian countries and global financial centres, with a network of 2,600 retail banking branches worldwide and more than 43,000 employees.
Maybank was founded 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 appointed Minister in the Prime Minister's Department in-charge of the Economic Planning Unit, a post he held until April 2009. Tan Sri Abdul Wahid Omar was President & CEO of Maybank Group from May 2008 to June 2013. On 1 May 2022, Dato' Khairussaleh Ramli was appointed as President & CEO of Maybank Group. [8]
Brand Finance’s Global 500 Brands: Maybank is the only Malaysian bank and one of two brands from Malaysia that qualified to be included in the prestigious Brand Finance’s Global 500 Brands list in January 2019. Maybank achieved a brand valuation of US$4.2 billion, a 32% increase from its 2018 valuation of $3.16 billion. [11]
The Best Malaysian Organization 2018. Maybank was recognized as the 2018 ‘Best Malaysian Organisation’ by Talent Corporation Malaysia Berhad (TalentCorp) through its Life At Work Awards 2018 programme. [12]
The Most Valuable Bank Brand in Malaysia: Maybank has been recognized as the top bank brand in Malaysia for four consecutive years, i.e., 2014–2018, based on the 2018 Brand Finance Banking 500 Brand Value Report issued by global brand valuation and strategy consulting firm, Brand Finance. [13]
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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.
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.
Tengku Zafrul bin Tengku Abdul Aziz is a Malaysian politician, banker and investor who has served as the Minister of Investment, Trade and Industry in the Unity Government administration under Prime Minister Anwar Ibrahim since April 2023. He is a member of the United Malays National Organisation (UMNO), a component party of the BN coalition. He is currently a Member of the UMNO Supreme Council since March 2023.
PT Bank Maybank Indonesia Tbk, is a private bank in Indonesia. It is a part of Maybank, one of the largest financial services groups in ASEAN.
Ageas is a Belgian multinational insurance company co-headquartered in Brussels. Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.
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.
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Abdul Wahid bin Omar is a Malaysian banker and investor who has served as Chairman of the Bursa Malaysia since May 2020 and Chairman of the National University of Malaysia (UKM), one of Malaysia top universities, since November 2018.
Asia Capital Reinsurance Group is a Singapore-based reinsurance company. ACR is ranked among the world's top 50 reinsurers.
Perbadanan Nasional Berhad was set up in November 1969 as a wholly owned government company to carry out the resolutions at the Second Bumiputera Economic Congress. Among the major shareholders included were Malaysia's Ministry of Finance, Bank Negara Malaysia and Bank Bumiputera Malaysia Berhad. Pernas was put under a solid footing under the chairmanship of Tengku Razaleigh Hamzah (1970–1974) who had been the Minister of Finance from 1976 to 1984.
Maybank Kim Eng is a wholly owned subsidiary of Maybank, with operations in 11 markets – Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Saudi Arabia, Great Britain and the United States of America.
Etiqa is an insurer and takaful operator in ASEAN. It is a member of the Maybank Group, offering life and general insurance policies, as well as, family and general takaful plans. It has over 10,000 agents, 46 branches, 17 offices, and a bancassurance network consisting of over 490 branches, cooperatives, brokers, and online platforms across Malaysia, Singapore, Indonesia, the Philippines, and Cambodia. Etiqa is a digital insurance/takaful player in Malaysia with over 55% of market share in online premiums/contributions as of 2020. It is also a bank assurance player in Malaysia, in Digital Life Insurance in Singapore, and a Group Medical insurer in the Philippines.
Rusni Hassan currently is a Professor and Dean at IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia. Previously, she was a Deputy Dean at the Institute, a Coordinator for Research and Publication and Course Coordinator for Islamic Law of Transactions and Islamic Banking and Takaful. She was a Research Committee for Review of Islamic Banking Laws, Central Bank of Malaysia and an examiner for Financial Planner Association of Malaysia. Presently she is the examiner for the Chartered Institute of Management Accountants. She was a member of Shariah Advisory Council Bank Negara Malaysia and Shariah Advisor for Association of Islamic Banking Institutions Malaysia. She also served as Secretary for the Association of Shariah Advisors in Islamic Finance Malaysia for 8 years starting from 2012 until 2020.