Malayan Banking Berhad
TypePublic
MYX: 1155
ISINMYL1155OO000
IndustryFinancial Services
Founded31 May 1960; 61 years ago (1960-05-31)
FounderKhoo Teck Puat
Headquarters
Area served
Southeast Asia,
Greater China, Saudi Arabia, UK, US, Pakistan, India, Uzbekistan, and UAE
Key people
Abdul Farid Alias, Group President and CEO
Zamzamzairani Mohd Isa, Chairman
ProductsAll
RevenueIncrease RM52.85 billion
(US$12.76 billion) (2019)[1]
Increase RM10.86 billion
(US$2.62 billion) (2019)
Increase RM8.20 billion
(US$1.98 billion) (2019)[1]
Total assetsIncrease RM834.41 billion
(US$203.81 billion) (2019)[1]
Number of employees
Over 43,000
Websitewww.maybank.com

Malayan Banking Berhad (doing business as Maybank) 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 in Asean and ranked 70th in the world’s most valuable bank brands. [2]

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 having a net profit of US$1.98 billion for 2019.

Maybank is also ranked 106th in The Banker's 2020 Top 1000 World Banks (as at July 2020) and is ranked 349th in the Forbes Global 2000 Leading Companies (as at 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.[3]

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 with more than 43,000 employees.

History

Maybank was founded by Singaporean business tycoon Tan Sri Khoo Teck Puat (who died in 2004).[4] 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 2 August 2013, Datuk Abdul Farid Alias, Maybank's Deputy President and Head of Global Banking, was appointed as President & CEO of Maybank Group.

Timeline

First Maybank Branch. Since 1960 at Jalan Tun H.S. Lee, Kuala Lumpur
First Maybank Branch. Since 1960 at Jalan Tun H.S. Lee, Kuala Lumpur
Maybank Tower, Singapore
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 who qualified to be included in the prestigious Brand Finance’s Global 500 Brands list in January, 2019. Maybank achieved a brand valuation of USD $4.2 billion, a 32% increase from 2018 valuation of USD $3.16 billion.[6]

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.[7]

The Most Valuable Bank Brand in Malaysia: Maybank has been recognized as the top bank brand in Malaysia for the 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.[8]

See also

References

  1. ^ a b c http://www.maybank.com/
  2. ^ https://brandfinance.com/images/upload/brand_finance_banking_500_2020_preview_1.pdf
  3. ^ "Islamic Bank of the Year Awards 2015 -". www.thebanker.com. Retrieved 18 August 2020.
  4. ^ "Singapore's richest man dies at 86 | The Star". www.thestar.com.my. Retrieved 10 September 2020.
  5. ^ "Maybank buys Amex charge card business". 2 August 2006. Retrieved 19 August 2012.
  6. ^ "Brand Finance Global 500 2019". BrandFinance.
  7. ^ "Maybank recognised as the Best Malaysian organisation by TalentCorp". TheSunDaily.
  8. ^ "Maybank Malaysia's most valuable bank brand". FreeMalaysiaToday.