Maybank History and Evolution in Malaysia

Maybank's history dates back to 1960 when it was established as a wholly-owned subsidiary of the Malayan Banking Corporation.

Maybank's early years were marked by a focus on serving the rural communities of Malaysia.

Maybank's headquarters were initially located in Singapore, but the bank later relocated to Kuala Lumpur in 1968.

The bank expanded its services to include consumer banking, corporate banking, and investment banking.

Maybank was founded by Singaporean business tycoon Tan Sri Khoo Teck Puat and Oei Tjong Ie.

Tan Sri Khoo Teck Puat passed away in 2004, leaving behind a legacy in the banking industry.

The company was led by President and CEO Tan Sri Amirsham Abdul Aziz from 1994 until March 2008.

Tan Sri Amirsham Abdul Aziz then went on to hold the post of Minister in the Prime Minister's Department in-charge of the Economic Planning Unit until April 2009.

Tan Sri Abdul Wahid Omar took over as 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, marking a new chapter in the company's history.

Maybank has been recognized for its outstanding performance and achievements in various areas. Maybank is the only Malaysian bank to be included in the 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. This significant growth demonstrates the bank's strong brand presence.

Maybank was recognized as the 2018 ‘Best Malaysian Organisation’ by Talent Corporation Malaysia Berhad (TalentCorp) through its Life At Work Awards 2018 programme. This award showcases the bank's commitment to its employees and their well-being.

Maybank has been the top bank brand in Malaysia for four consecutive years, from 2014 to 2018. This consistent recognition is a testament to the bank's dedication to excellence.

Additional reading: List of Banks in Malaysia

Malayan Banking Berhad, also known as Maybank, is a well-established bank in Malaysia. Its head office is located at Floor 8, Menara Maybank, 100, Jalan Tun Perak, in Kuala Lumpur.

Maybank has a long history of providing comprehensive financial services to its clients. It offers a wide range of services, including personal and business banking, investment solutions, and insurance products.

Maybank's extensive branch network allows it to cater to both individual and corporate clients. Its digital banking capabilities make it easy for clients to manage their finances online.

Here are some key features of Maybank's services:

Maybank's SWIFT code is MBBEMYKLXXX, which can be used for international transactions.

Business banking in Malaysia is thriving, with increasing adoption of digital services and innovative financial products. Maybank, a leading bank in the country, is at the forefront of this trend.

Digital services have become a game-changer for businesses in Malaysia, offering improved efficiency and better financial management. Maybank's online banking platform is a great example of this.

Enhanced online banking platforms like Maybank's are making it easier for businesses to manage their finances on the go. This is especially beneficial for small and medium-sized enterprises (SMEs) that require tailored solutions.

Tailored SME solutions are a key trend in business banking in Malaysia, and Maybank is well-positioned to meet the needs of these businesses.

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Maybank has been granting scholarships to deserving Malaysian students since 1972 as part of its Corporate Social Responsibility efforts.

The Maybank Group Scholarship Programme aims to provide financial assistance to students with high potential, create a strong entry-level pipeline, and strengthen Maybank's reputation as a top employer of talents.

To-date, close to 2,000 Malaysian students have benefited from this programme.

The scholarship covers the full cost of tuition and enrolment fees, as well as related expenses including books, accommodation, and living allowances.

To be eligible for the Maybank Group Scholarship Programme, applicants must meet the following requirements:

The universities eligible for the scholarship are:

The scholarship also offers employment opportunities right after graduation, giving students exposure to work-life experience within the Maybank Group.

Bursa Malaysia, the stock exchange in Malaysia, ended the penultimate day of the year positively, driven by buying momentum in selected heavyweights like Maybank and Petronas Chemicals.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 9.54 points, or 0.59 per cent, to 1,637.68 compared with Friday's close of 1,628.14. This shows that the market was up by almost a full percentage point.

Maybank, one of the heavyweights, jumped 14 sen to RM10.24, indicating a strong performance by the bank. This is likely due to the promising prospects of robust foreign direct investment, advancements in the tech sector, and solid corporate earnings, all supported by an optimistic economic outlook.

Additional reading: Islamic Banking in Malaysia

Business in Malaysia is thriving, with increasing adoption of digital services and innovative financial products.

Digital services have become a game-changer for businesses in Malaysia, offering improved efficiency and better financial management.

The adoption of online banking platforms has enhanced the overall banking experience for businesses and individuals alike.

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Malaysia has a well-established banking system with several top-notch banks.

Maybank is the largest bank in Malaysia, with a market share of over 20%.

It has a wide network of over 2,400 branches and 6,000 ATMs across the country.

CIMB Bank is another prominent player, with a strong presence in both retail and corporate banking.

It offers a range of financial products and services, including loans, credit cards, and investment options.

Public Bank is the second-largest bank in Malaysia, with a market share of around 17%.

It has a long history dating back to 1966 and has since grown to become one of the most trusted banks in the country.

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HSBC Amanah Malaysia is a well-established Islamic bank in Malaysia, offering a range of Shariah-compliant products and services.

It has a strong presence in the country, with over 100 branches and 300 ATMs.

RHB Bank is another significant player in the Malaysian banking scene, with a strong focus on corporate and investment banking.

It offers a range of financial products and services, including loans, credit cards, and investment options.