Maybank

Last updated

Malayan Banking Berhad
Company type Public limited company
MYX: 1155
ISIN MYL1155OO000
Industry Financial Services
Founded31 May 1960;64 years ago (1960-05-31)
Founders Khoo Teck Puat
Mohd Azri Bin Subohi
Headquarters
Area served
Key people
  • Khairussaleh Ramli (Group President & CEO)
  • Zamzamzairani Mohd Isa (Chairman)
RevenueIncrease2.svg RM51.03 billion
(US$11.59 billion) (2021) [1]
Increase2.svg RM25.45 billion
(US$5.78 billion) (2021)
Increase2.svg RM8.20 billion
(US$1.98 billion) (2019) [1]
Total assets Increase2.svg RM888.00 billion
(US$201.84 billion) (2021) [1]
Number of employees
Over 43,000
Subsidiaries
  • Maybank Islamic Berhad
  • PT Bank Maybank Indonesia Tbk
  • Maybank Philippines, Incorporated
  • Maybank (Cambodia) Plc
  • Maybank Singapore Limited
  • MCB Bank Limited
  • An Binh Commercial Joint Stock Bank
  • Uzbek Leasing International A.O.
  • Etiqa International Holdings Sdn Bhd
  • Maybank International Holdings Sdn Bhd
  • Maybank Investment Bank Berhad
  • Maybank Asset Management Group Berhad
  • Maybank Trustees Berhad
  • Maybank Shared Services Sdn Bhd
  • BinaFikir Sdn Bhd [2]
Website www.maybank.com OOjs UI icon edit-ltr-progressive.svg

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]

Contents

Background

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.

History

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]

Timeline

"First Maybank Branch. Since 1960" at Jalan Tun H.S. Lee, Kuala Lumpur Maybank first Branch.jpg
"First Maybank Branch. Since 1960" at Jalan Tun H.S. Lee, Kuala Lumpur
Maybank Tower, Singapore May bank singapore.jpg
Maybank Tower, Singapore

Awards and Recognitions

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]

See also

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References

  1. 1 2 3 Malaysia, Agenda. "Welcome to Maybank". Maybank Malaysia.
  2. Annual Report 2021 – Corporate (PDF), retrieved 16 March 2023
  3. Chor, Khieng Yuit (23 February 2024). "Maybank eyes growth in the Republic and Indonesia, says its new S'pore CEO". The Straits Times. Retrieved 9 September 2024.
  4. "Banking 500 2020" (PDF). brandfinance.com.
  5. "Maybank eyes 20,000 new-to-bank users on its digital platform with Maybank goal-based investment". The Star. Retrieved 9 September 2024.
  6. "Islamic Bank of the Year Awards 2015 -". www.thebanker.com. Retrieved 18 August 2020.
  7. "Singapore's richest man dies at 86 | The Star". www.thestar.com.my. Retrieved 10 September 2020.
  8. "Dato' Khairussaleh Ramli to be the new Group President & CEO of Maybank | Maybank". www.maybank.com. Retrieved 22 June 2022.
  9. "MENTERI RASMIKAN PEMBUKAAN BANK" (PDF). Pelita Brunei (in Malay). No. 5 #23. Pejabat Penerangan Kerajaan Brunei. 7 December 1960. p. 5. Retrieved 14 October 2021.
  10. "Maybank buys Amex charge card business". 2 August 2006. Retrieved 19 August 2012.
  11. "Brand Finance Global 500 2019". BrandFinance.
  12. "Maybank recognised as the Best Malaysian organisation by TalentCorp". TheSunDaily.
  13. "Maybank Malaysia's most valuable bank brand". FreeMalaysiaToday. 19 July 2018.