Maybank

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$165 billion and having a net profit of US$1.75 billion for 2015,

Maybank is also ranked 95th in The Banker's 2015 Top 1000 World Banks (as at July 2015) and is ranked 362 in the Forbes Global 2000 Leading Companies (as at June 2016).

Maybank is the largest public listed company on Bursa Malaysia, the Malaysian stock exchange, with a market capitalisation of US$19.1 billion as of 31 December 2015.

Maybank's Islamic banking arm, Maybank Islamic, is ranked as the top Islamic bank in Asia Pacific and fifth in the world in terms of assets.

Maybank's network spans across all 10 ASEAN nations as well as key Asian countries and global financial centres with a network of 2,400 offices worldwide with more than 45,000 employees.

History

Maybank was founded by Malaysian business tycoon Khoo Teck Puat, who died in 2004. The company was led by President and CEO Amirsham Abdul Aziz from 2002 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. Dato' 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

Operations

Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 employees.

In Malaysia, Maybank operates consumer, business and corporate banking as well as private banking services, through a network of 393 branch offices and more than 2,500 automated teller machines around the country. The company operates 22 branches in Singapore providing a full range of banking and financial products and services. Maybank, through Maybank Philippines Incorporated, has 79 branches in the Philippines. Maybank also has a banking presence in all of the other Southeast Asian markets. It also operates branches major global financial centres like New York, London, Hong Kong and Bahrain.

Subsidiaries and related firms

Full list: Maybank subsidiaries list

Malaysia

Philippines

Indonesia

Vietnam

Pakistan

Malaysia

Singapore

India

Malaysia

Main competitors

Maybankard ATM and debit card

Maybank issued the ATM and debit card for accessing the balance of the savings account.

Maybank issued the first ATM and debit card with the name "Maybank Kawanku" on 1985, with the function as an ATM card.

Later on the Maybank 30th years celebration event on 31 May 1990, Maybank Kawanku card was upgraded from ATM card application to the debit card application (cashing card and discount card).

In September 1995, the name of the ATM and debit card of Maybank was changed from "Maybank Kawanku" to "Maybankard Bankcard" with the Maestro and Cirrus logo, a division of MasterCard.

Maybankard launched the MasterCard debit card, same as the Maybankard Bankcard.

Maybankard credit card

Maybankard credit card was launched in October 1997 with blue and gold color. The first product is Maybankard MasterCard and Maybankard VISA in April 1998.

Maybankard got the Rookie Award from VISA Int'l in 2000 with the category "The fastest growing card on Asia during the 1998-1999 period", and Quantum Leap from 2001 to 2002 also from VISA Int'l and the 5th best credit card on the world.