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Malayan Banking Berhad
Public company
Traded as MYX: 1155
Industry Financial Services
Founded 31 May 1960
Founder Khoo Teck Puat
Headquarters Menara Maybank
Kuala Lumpur, Malaysia
Area served
Southeast Asia
Hong Kong, China, Bahrain UK, US, Pakistan
Key people
Datuk Abdul Farid Alias
(President and CEO)
Mohd Suhail Amar
(Group CTO)
Jerome Hon Kah Choo
(Group COO)
Revenue Decrease RM18.53 billion
(US$5.30 billion) (2014)[1]
Increase RM8.98 billion
(US$2.57 billion) (2014)
Increase RM6.72 billion
(US$1.92 billion) (2014)[1]
Total assets Increase RM640.3 billion
(US$183.13 billion) (2014)[1]
Number of employees
Subsidiaries See Maybank subsidiaries
Slogan "Humanising Financial Services"

Malayan Banking Berhad (trading as Maybank, MYX: 1155) is a Malaysian universal bank, with key operating “home markets” of Malaysia, Singapore and Indonesia.


Menara Maybank, Maybank's global headquarters.

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$183 billion and having a net profit of US$1.92 billion for 2014,

Maybank is also ranked 103rd in The Banker's 2014 Top 1000 World Banks (as at July 2014) and is ranked 371 in the Forbes Global 2000 Leading Companies (as at May 2015).

Maybank is the largest public listed company on Bursa Malaysia, the Malaysian stock exchange, with a market capitalisation of US$24.4 billion as of 31 December 2014.

Maybank is ranked as one of the World’s Top 20 Strongest Banks by Bloomberg Markets,[2]

Maybank's Islamic banking arm, Maybank Islamic, is ranked as the top Islamic bank in Asia Pacific[3] and third in the world in terms of assets.[4]

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 47,000 employees.


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.


  • 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.It was known as "Malayan Banking Ltd."
  • 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 launched 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
  • 1995 – Entered a joint-venture with PT Bank Nusa Nasional (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
  • 2006 – Maybank acquired American Express' card business in Malaysia[5]
  • 2007 (Nov) – MNI Insurance and Takaful Nasional were rebranded as Etiqa Insurance & Etiqa Takaful respectively. Subsequently, Mayban Takaful transferred all its business, assets and liabilities to Etiqa Takaful.
  • 2008 (May) – Dato' Sri Abdul Wahid Omar, is officially appointed as President & CEO of Maybank Group.
  • 2008 – Completed the acquisition 15% in An Binh Bank (Vietnam), 20% of Muslim Commercial Bank, Pakistan and 97.5% of Bank Internasional Indonesia (BII).
  • 2009 (January) – Renamed its subsidiary Aseambankers to Maybank Investment Bank.
  • 2009 – Raised RM6 billion in equity capital through a 9-for-20 rights issue at RM2.74.
  • 2010 – Introduced a Dividend Reinvestment Plan, the first Malaysian company to do so.
  • 2011 – Acquired 100.0% of Kim Eng Holdings Limited. The acquisition was completed in August 2011 through a general offer for the remaining shares after completing the purchase of 44.6% in May 2011 and 5.6% stake in January 2011.
  • 2012 - Opened branch in Beijing (previously a representative office).
  • 2014 - Opened branch in Yangon, Myanmar.


Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 47,000 employees who serve over 22 million customers.[6]

Maybank Tower, Singapore
The Maybank Corporate Centre in Metro Manila, Philippines

In Malaysia, Maybank operates consumer, business and corporate banking as well as private banking services, through a network of 402 branch offices and more than 2,600 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.

Countries with the presence of Maybank[edit]

Full list with description:All countries


Outside Asia[edit]

Subsidiaries and related firms[edit]

Full list: Maybank subsidiaries list

Commercial Banking[edit]


  • Maybank International (L) Limited
  • Maybank Islamic Berhad


  • Maybank Philippines Inc



Papua New Guinea[edit]

  • Maybank (PNG) Limited


Investment Banking[edit]


  • Maybank Investment Bank Berhad


  • Maybank Kim Eng Holdings Limited



  • Etiqa Insurance Bhd (previously known as MNI Insurance)
  • Etiqa Takaful Bhd (previously known as Takaful Nasional)
  • Etiqa Offshore Insurance (Labuan) Ltd (previously known as Mayban Life International (Labuan) Ltd)

Main competitors[edit]


Maybankard ATM and debit card[edit]

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 in 31 May 1990, Maybank Kawanku card was upgraded from ATM card application to the debit card application (cashing card and discount card).

On 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[edit]

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

See also[edit]


External links[edit]

Coordinates: 3°08′51″N 101°41′58″E / 3.14750°N 101.69944°E / 3.14750; 101.69944