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Maybank 

“Market Cap $26.29 B As of May 2014

At a Glance

  • Industry: Regional Banks
  • Founded: 1960
  • Country: Malaysia
  • CEO: Abdul Farid Bin Alias
  • Website: www.maybank2u.com
  • Employees: 47,000
  • Sales: $9.75 B
  • Headquarters: Kuala Lumpur

Forbes Lists

#326 Global 2000

  • #978 in Sales
  • #316 in Profit
  • #163 in Assets
  • #422 in Market value
Profile

Malayan Banking Bhd. operates as an holding company, which provides investment and commercial banking, and financial services. It operates through the following business segments: Community Financial Services, Global Wholesale Banking, Insurance, Takaful and Asset Management, and International Banking. The Community Financial Services segment operates through three divisions: Consumer Banking, Small, Medium Enterprise Banking and Business Banking. The Consumer Banking division comprises of products and services that offers to individuals in Malaysia, including savings and fixed deposits, remittance services, current accounts, consumer loans, such as housing loans and personal loans, hire purchases, unit trusts, bancassurance products and credit cards. The Small, Medium Enterprise Banking division offers services to small and medium enterprises in Malaysia. Its products and services include long-term loans, such as project financing, short-term credit, such as overdrafts and trade financing, and fee-based services, such as cash management and custodian services. The Business banking division offers its products and services to commercial enterprises in Malaysia. Its products and services include long-term loans, such as project financing, short-term credit, such as overdrafts and trade financing, and fee-based services, including cash management and custodian services. The Global Wholesale Banking segment operates through three divisions: Corporate Banking Malaysia, Global Markets Malaysia and Investment Banking. The Corporate Banking Malaysia division offers its products and services to business customers in the region, ranging from large corporate and the public sector. Its products and services include long-term loans, such as project financing, short-term credit, including overdrafts and trade financing, and fee-based services, such as cash management and custodian services. The Global markets division offers treasury activities and services, including foreign exchange, money market, derivatives and trading of capital market. The Investment Banking division comprises of investment banking and securities broking business. Its products and services include corporate, advisory services, bond issuance, equity issuance, syndicated acquisitions advisory services, debt restructuring advisory services, and share and futures dealings. The Insurance, Takaful and Asset management segment engages in the business of underwriting all classes of general and life insurance businesses, offshore investment life insurance business, general takaful and family takaful businesses, asset and fund management, nominee and trustee services and custodian services. The International Banking segment offers commercial banking services in outside Malaysia. The company was founded on May 31, 1960 and is headquartered in Kuala Lumpur, Malaysia.

“Maybank 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

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 ofLabuan
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
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 MCB Bank Ltd (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 44.6% of Kim Eng Holdings Limited.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “MaybankVideos

Industry:

Regional Banks