Malayan Banking Berhad (Maybank)
Type	Public
Founded	Incorporated May 31, 1960
Founder	Khoo Teck Puat
Headquarters	Kuala Lumpur, Malaysia
Area served	Personal banking services in: Malaysia Brunei Philippines Singapore
Key people	Datuk Amirsham A Aziz, President and CEO
Industry	Banking and Finance
Products	Banking and Finance Services
Revenue	▲RM15.18 billion
Website	http://www.maybank2u.com.my

Maybank (MYX: 1155), a trade name for Malayan Banking Berhad is the largest bank and financial group in Malaysia, with significant personal banking operations in Brunei, Singapore and the Philippines as well. The bank also has large interests in Islamic banking and insurance via its Etiqa subsidiary. Maybank is the largest bank in Malaysia with 361 domestic branches and 88 international branches. Maybank is the second largest listed company on the Malaysian Stock Exchange, Bursa Malaysia, with a market capitalisation of over RM46.3 billion as of mid-December 2007. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... An entrepreneur (a loanword from French introduced and first defined by the Irish economist Richard Cantillon) is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks. ... Tan Sri Khoo Teck Puat (born 1917; died February, 2004) was Singapores richest man. ... Nickname: Motto: Maju dan makmur (English: Progress and Prosper) Location in Malaysia Coordinates: , Country State Establishment 1857 Granted city status 1974 Government  - Mayor (Datuk Bandar) Datuk Abdul Hakim Borhan From 14 December 2006 Area  - Total 243. ... Image File history File links Flag_of_Malaysia. ... Image File history File links Flag_of_Malaysia. ... Image File history File links Flag_of_Brunei. ... Image File history File links Flag_of_the_Philippines. ... Image File history File links Flag_of_Singapore. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The Bursa Malaysia or Malaysia Exchange, MYX previously known as Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay) dates back to 1930 when the Singapore Stockbrokers Association was set up as a formal organisation dealing in securities in Malaya. ... For other uses, see Bank (disambiguation). ... The field of finance refers to the concepts of time, money and risk and how they are interelated. ... Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... The Bursa Malaysia or Malaysia Exchange, MYX previously known as Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay) dates back to 1930 when the Singapore Stockbrokers Association was set up as a formal organisation dealing in securities in Malaya. ...

Corporates

Menara Maybank, Maybank's main headquarters.

Maybank operates a full range of commercials as a number of local banks around the world, corporate, and private banking services, with a network of more than 450 branch offices and more than 2,000 ATM machines in Malaysia. The company operates 22 branches throughout Singapore providing a full range of banking and financial products and services. Maybank, through Maybank Philippines Incorprated, has 45 branches in the Philippines and also has a banking presence in most of the other Southeast Asian markets, including Brunei, Papua New Guinea, Indonesia, and Vietnam. The bank also operates branches in New York and London. Image File history File linksMetadata Size of this preview: 450 × 600 pixelsFull resolution (1536 × 2048 pixel, file size: 1. ... Image File history File linksMetadata Size of this preview: 450 × 600 pixelsFull resolution (1536 × 2048 pixel, file size: 1. ... The Maybank Tower (Malay: Menara Maybank) is a major skyscraper and landmark in Kuala Lumpur, Malaysia. ... Location of Southeast Asia Southeast Asia is a subregion of Asia. ... This article is about the state. ... This article is about the capital of England and the United Kingdom. ...

Maybank was the first Malaysian bank granted the right to establish a branch office in China, a particularly important market given the large and economically powerful ethnic Chinese population in Malaysia. Beside its commercial banking network, Maybank operates a number of specialized subsidiaries in the insurance, investment banking and assets management, and finance sectors. The group's subsidiaries include Etiqa Insurance & Takaful which provides both conventional and Shariah-compliant insurance products; the Aseam group, including Aseam Credit, Aseamlease, Aseam Unit Trust, and Aseambankers Malaysia Bhd; Mayban International Trust, Mayban Discount, and Mayban Investment Management; and Mayban Securities.

Maybank was founded by Malaysian business tycoon Khoo Teck Puat, who died in 2004. However, the company has been led by President and CEO Amirsham Abdul Aziz for some two decades. Amirsham was appointed Minister in the Prime Minister's Department in-charge of the Economic Planning Unit since March 18, 2008. Tan Sri Khoo Teck Puat (born 1917; died February, 2004) was Singapores richest man. ... is the 77th day of the year (78th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ...

As of December 31, 2006, Maybank was the largest Malaysian bank, boasting assets worth USD$66.7 billion, placing it among the top 120 banks worldwide. Malayan Banking is also a listed corporation on Bursa Malaysia. The Bursa Malaysia or Malaysia Exchange, MYX previously known as Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay) dates back to 1930 when the Singapore Stockbrokers Association was set up as a formal organisation dealing in securities in Malaya. ...

Financials

Menara Maybank, Maybank's main headquarters in Singapore.

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Maybank Group financials

Total Assets = 64 billion USD. Net Profit (FY 2005/2006) = 0.80 billion USD

Maybank financials

Total Assets = 56 billion USD. Net Profit (FY 2005/2006) = 0.70 billion USD

Chronology

• 1960 - The bank was formed and founded by Malaysian business tycoon Khoo Teck Puat with a few partners in Kuala Lumpur. The bank grew rapidly to more than 150 branches within 3 years. In 1963, the bank purchased Goodwood Park Hotel, Singapore for $4.8 million.
• 1964 - The company established Mayban Trustees Bhd (MTB)
• 1965 - Khoo Teck Puat was ousted from Maybank by the Government of Malaysia under the then Deputy Prime Minister Tun Abdul Razak's administration on the pretext of pumping the bank's money into his own private firm in Singapore.
• 1973 - Forming its own investment banking subsidiary, Aseambankers Malaysia Berhad (Asian & Euro-American Merchant Banking (Malaysia) Berhad)
• 1975 - Aseambankers establishment of a joint venture, Kota Discount Berhad, in partnership with a group of Kuala Lumpur-based investors
• 1986 - Acquired a majority stake in Kota's which renamed to Mayban Discount Berhad in 1989
• 1987 - Mayban Securities Sdn Bhd set up to provide stockbroking and other investment services
• 1990 - The new Malaysian Offshore Banking Act passed and the bank set up new operations in the Federal Territory of Labuan
• 1990 - Mayban Unit Trust Berhad has been added, a subsidiary focused on the management of unit trust funds
• 1992 - Maybank launching Maybank General Assurance Bhd
• 1993 - Acquisition of Safety Life & General insurance Sdn Bhd then relaunched as Mayban Life Assurance
• 1994 - Set up a subsidiary in Papua New Guinea, which opened 2 branch offices in Port Moresby and Lae
• 1996 - Entered a joint-venture with PT Bank Nusa Internasional (Indonesia), bringing the Maybank name to the Indonesian market
• 1997 - Joined forces with Philippine National Bank, acquiring 60 percent stake of the former Republic Savings Bank
• 1997 - Renamed its new subsidiary Maybank Philippines Inc. (MPI) which later gained full control of the enterprise
• 1997 - Acquired through Philmay Holding Inc. and establishment of the real estate and property development vehicle Philmay Property Inc.
• 2000 - Maybank Philippines Inc. (MPI) network boasted nearly 60 branches across the Philippines
• 2000 - Merger completed with the Pacific Bank and the PhileoAllied Bank after Malaysian Government directive.
• 2000 - the corporate cracked the world top 120 banks for the first time
• 2001 - Opened a branch office in Shanghai after gaining a licence in China
• 2001 - Applied for a license to begin operations in Bahrain
• 2002 - Launched of Mayban Takaful Bhd begin promoting Takaful insurance products
• 2004 - Failed in a bid to take over Bank Permata of Indonesia
• 2005 - Finally received approval to launch a takeover bid, through its Aseambankers subsidiary, of BinaFikir Sdn Bhd. However, this deal had fallen through by the end of 2005.
• 2005 - Acquired, via the Insurance Company Mayban Fortis, MNI Insurance and Takaful Nasional
• 2007 (May) - Maybank courted controversy when it set out a guideline via an internal circular requiring law firms that intend to deal with the bank to have at least three partners, where one must be a Bumiputra. The guideline was accused of being discriminatory. However, although it is not an official Government policy, it is a norm in Malaysian banking and legal practice, and is tacitly approved by the Malaysian Government. Owing to the concrete proof from the internal circular that such a practice exists, the Malaysian Cabinet of Ministers had to order the bank to cease such practices, although there is still no stopping the bank (and all other Malaysian banks) to continue with such practices unofficially.

Tan Sri Khoo Teck Puat (born 1917; died February, 2004) was Singapores richest man. ... Nickname: Motto: Maju dan makmur (English: Progress and Prosper) Location in Malaysia Coordinates: , Country State Establishment 1857 Granted city status 1974 Government  - Mayor (Datuk Bandar) Datuk Abdul Hakim Borhan From 14 December 2006 Area  - Total 243. ... Tan Sri Khoo Teck Puat (born 1917; died February, 2004) was Singapores richest man. ... Politics of Malaysia takes place in a framework of a federal parliamentary monarchy, whereby the Prime Minister of Malaysia is the head of government, and of a pluriform multi-party system. ... Tun Abdul Razak bin Dato Hussein (1922-1976) was the second Prime Minister of Malaysia, ruling from 1970 to 1976. ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... Bumiputra or Bumiputera (Malay, from Sanskrit Bhumiputra; translated literally, it means son of the soil), is an official definition widely used in Malaysia, embracing ethnic Malays as well as other indigenous ethnic groups such as the Orang Asli in Peninsular Malaysia and the tribal peoples in Sabah and Sarawak. ...

Principal subsidiaries

• Aseam Credit Sdn Bhd
• Aseam Malaysia Nominees (Asing) Sdn Bhd
• Aseam Malaysia Nominees (Tempatan) Sdn Bhd
• Aseambankers Malaysia Bhd
• Aseamlease Bhd
• Etiqa Insurance & Takaful
• Mayban (Nominees) Sdn Bhd
• Mayban Discount Bhd
• Mayban General Assurance Bhd
• Mayban International Trust
• Mayban International Trust (Labuan) Bhd
• Mayban Investment Management Sdn Bhd
• Mayban Life Assurance Bhd
• Mayban Life International (Labuan) Ltd
• Mayban Nominees (Asing) Sdn Bhd
• Mayban Nominees (Hong Kong) Ltd
• Mayban Nominees (Singapore) Pte Ltd
• Mayban Nominees (Tempatan) Sdn Bhd
• Mayban Offshore Corporate Services (Labuan) Sdn Bhd
• Mayban Securities (Holdings) Sdn Bhd
• Mayban Securities Nominees (Asing) Sdn Bhd
• Mayban Securities Nominees (Tempatan) Sdn Bhd
• Mayban Securities Nominees Sdn Bhd
• Mayban Securities Sdn Bhd
• Mayban Takaful Berhad
• Mayban Trustees Bhd
• Mayban Unit Trust Berhad
• Mayban Venture Capital Co Sdn Bhd
• Mayban Ventures Sdn Bhd
• Maybank (PNG) Ltd
• Maybank International (L) Limited
• Maybank International Islamic Banking Operations
• Maybank Philippines Inc
• Mayfin Nominees (Tempatan) Sdn Bhd
• Philmay Holding Inc.
• Philmay Property Inc.
• PT Bank MayBank Indocorp
• RPB Venture Capital Corporation.

Principal Competitors

• RHB Bank Bhd
• Bumiputra-Commerce Bank Bhd
• Rashid Hussain Bhd
• RHB Capital Bhd
• Public Bank Bhd
• AMMB Holdings Bhd
• Hong Leong Bank Bhd
• AMFB Holdings Bhd
• EON Bank Group
• HSBC Bank Malaysia Bhd
• Citibank Bhd
• CIMB Bhd
• AFB

RHB Bank Berhad is a bank in Kuala Lumpur, Malaysia RHB offers commercial banking, corporate banking and international banking services. ... Bumiputra-Commerce Holdings (BCHB) Berhad or BCB is one of the largest local bank in Malaysia and was established in 1924. ... Public Bank Berhad is a bank based in Malaysia owned by a Malaysian ethnic Chinese. ... AMMB Holdings (which trades as AmBank Group) specializes in Islamic financial services products. ... This article is being considered for deletion in accordance with Wikipedias deletion policy. ... HSBC Bank Malaysia Berhad was the first foreign bank to encorporate locally in Malaysia in 1994. ... CIMB Group is Malaysia’s second largest financial services provider which is listed on Bursa Malaysia through Bumiputra-Commerce Holdings Berhad (BCHB). ...

Subsidiaries and related firms

Commercial Banking

• Maybank
• Maybank International (L) Limited
• Maybank Philippines Inc
• Maybank (PNG) Ltd
• PT Bank MayBank Indocorp
• Maybank Vietnam

Insurance

• Etiqa Insurance & Takaful
• Mayban General Assurance Bhd
• Mayban Life Assurance Bhd
• Mayban Life International (Labuan) Ltd
• Mayban Takaful Berhad

Finance

• Aseam Credit Sdn Bhd
• Aseamlease Bhd

Investment Banking

• Aseambankers Malaysia Bhd
• Mayban Discount Bhd
• Mayban Investment Management Sdn Bhd
• Mayban Securities Sdn Bhd
• Mayban Securities (Holdings) Sdn Bhd

External links

• Maybank2U
• Maybank2U
• Maybank2e
• Maybank Singapore
• Maybank Website Review