Key Stats
- Market Capitalization: MYR 120 billion (USD 30 billion)
- Total Assets: MYR 1.075 trillion (USD 255 billion)
- Employees: 43,000+ worldwide
- Branch Network: 2,600+ branches in 18 countries
- Annual Revenue (2024): USD 6.24 billion
Malayan Banking Berhad, commonly known as Maybank, is Malaysia’s largest bank by market capitalization and total assets. Headquartered in Kuala Lumpur, the bank operates as a universal bank with key markets in Malaysia, Singapore, and Indonesia.
The bank provides services across consumer banking, corporate banking, Islamic banking, wealth management, insurance, and investment banking. Maybank holds presence in all 10 ASEAN nations, making it a truly regional financial institution. According to The Banker’s rankings, Maybank consistently ranks among the top 110 banks globally by Tier 1 capital.
Maybank Islamic, the bank’s Islamic banking arm, operates as the largest Islamic bank in ASEAN by assets. The bank has won numerous awards including Global Islamic Bank of the Year recognition from The Banker. Similar to how DBS Group established itself as a regional banking leader, Maybank built its reputation through consistent growth and strategic expansion across Southeast Asia.
Maybank History
Maybank incorporated on 31 May. Began operations in Kuala Lumpur on 12 September. First overseas branch opened in Brunei.
Listed on the Kuala Lumpur Stock Exchange. Expanded with branches in Hong Kong and London.
Formed Aseambankers Malaysia Berhad as investment banking subsidiary.
First bank to introduce ATM and credit cards in Malaysia. Launched Maybank Kawanku in 1981.
Launched Maybank2u.com, Malaysia’s first internet banking platform. First Malaysian bank to open branch in Shanghai.
Acquired Bank Internasional Indonesia, An Binh Bank (Vietnam), and MCB Bank (Pakistan). Established Maybank Islamic Berhad.
Acquired Kim Eng Holdings Limited to strengthen investment banking presence across Asia.
Opened first branch in Laos, completing footprint in all 10 ASEAN nations.
Launched MAE e-wallet and Maybank QRPay for cashless mobile payments.
Total assets exceeded MYR 1 trillion. Continued focus on digital transformation and sustainable financing.
Maybank Co-founders
Khoo Teck Puat
Singaporean business tycoon who founded Maybank in 1960 after leaving OCBC Bank. He pioneered branch banking in Malaysia and expanded the bank to over 150 branches within three years. He passed away in 2004.
Oei Tjong Ie
Co-founder who partnered with Khoo Teck Puat to establish Maybank. Together they identified the need for a local bank to serve Malaysian businesses that were previously dependent on foreign banking institutions.
Maybank Competitors
Maybank operates in a competitive Southeast Asian banking landscape. In Malaysia, the bank faces competition from CIMB, Public Bank, RHB Bank, and Hong Leong Bank. Regional competitors include Singapore-based banks like DBS, OCBC, and UOB, along with international players such as HSBC, Standard Chartered, and Citibank.
The Malaysian banking sector features 27 commercial banks, with Maybank holding the largest market share by assets. Digital banks have emerged as new competitors, employing aggressive pricing strategies for savings accounts. This competitive pressure mirrors trends seen across Asian banking, similar to how RHB Banking Group competes for market share in the region.
| Competitor | Headquarters | Primary Market |
|---|---|---|
| CIMB Group | Kuala Lumpur, Malaysia | ASEAN |
| Public Bank | Kuala Lumpur, Malaysia | Malaysia |
| RHB Bank | Kuala Lumpur, Malaysia | ASEAN |
| Hong Leong Bank | Kuala Lumpur, Malaysia | Malaysia |
| DBS Bank | Singapore | Asia-Pacific |
| OCBC Bank | Singapore | Asia-Pacific |
| UOB | Singapore | Asia-Pacific |
| HSBC | London, UK | Global |
| Standard Chartered | London, UK | Emerging Markets |
| Citibank | New York, USA | Global |
Maybank Revenue
Maybank generated USD 6.24 billion in revenue during fiscal year 2024, representing a 10.1% increase from the previous year. The bank’s revenue streams include net interest income from lending operations, fee-based services, treasury operations, and insurance premiums through its Etiqa subsidiary.
Revenue growth in 2024 was driven by strong performance across home markets. Malaysia, Singapore, and Indonesia contributed the majority of revenue, with Singapore accounting for nearly 20% of group profits. The bank’s diversified business model, spanning commercial banking, Islamic banking, and wealth management, provides stable income streams. International banking operations mirror strategies employed by institutions like ANZ Banking Group in expanding across Asian markets.
Maybank Market Cap
Maybank’s market capitalization reached approximately USD 30 billion in 2025, positioning it as Malaysia’s largest publicly listed company on Bursa Malaysia. The bank consistently ranks among the top 800 most valuable companies globally by market cap.
Market cap fluctuations reflect broader economic conditions in Southeast Asia. The bank experienced significant growth in 2023-2024, with market cap increasing 27.98% in 2023 alone. This growth trajectory demonstrates investor confidence in Maybank’s regional expansion strategy and digital transformation initiatives. The banking sector in Asia has seen similar valuation patterns, with institutions like Bank of China also experiencing market cap movements tied to regional economic cycles.
Maybank Acquisitions
Maybank’s growth strategy has included strategic acquisitions across Southeast Asia. In 1993, the bank acquired Safety Life and General Insurance, which became Mayban Life Assurance. This marked the beginning of Maybank’s expansion into insurance services.
The 1997 acquisition of a 60% stake in PNB-Republic Bank of the Philippines established Maybank Philippines Inc. This deal gave the bank a foothold in one of ASEAN’s largest consumer markets. The acquisition aligned with the bank’s strategy to build presence across all ASEAN nations.
In 2005, Maybank acquired Malaysia National Insurance and Takaful Nasional, followed by American Express’s card business in Malaysia in 2006. These acquisitions strengthened the bank’s insurance and card services divisions. The 2007 launch of the Etiqa brand consolidated these insurance operations.
The year 2008 proved transformational with the acquisition of Bank Internasional Indonesia (BII) for 97.5% ownership. This deal made Maybank one of the largest banks in Indonesia. Concurrent acquisitions included stakes in An Binh Bank in Vietnam and MCB Bank in Pakistan. Similar to how China Construction Bank expanded through strategic acquisitions, Maybank built its regional network through targeted deals.
The 2011 acquisition of Kim Eng Holdings Limited proved significant for investment banking expansion. Kim Eng, founded in Singapore in 1972, brought operations across 11 markets including Thailand, Indonesia, Philippines, and Vietnam. This acquisition created Maybank Kim Eng, now operating across stock broking, corporate finance, and research services. The combined entity strengthened Maybank’s position in capital markets across ASEAN.
FAQs
When was Maybank founded?
Maybank was incorporated on 31 May 1960 and began operations in Kuala Lumpur on 12 September 1960. The bank was Malaysia’s first local bank established to serve Malaysian society and businesses.
Who founded Maybank?
Maybank was founded by Singaporean business tycoon Khoo Teck Puat and Oei Tjong Ie. Khoo Teck Puat previously worked at OCBC Bank before establishing Maybank.
What is Maybank’s market capitalization?
Maybank’s market capitalization stands at approximately USD 30 billion or MYR 120 billion, making it Malaysia’s largest publicly listed company on Bursa Malaysia.
How many countries does Maybank operate in?
Maybank operates in 18 countries with presence in all 10 ASEAN nations. The bank maintains over 2,600 branches worldwide and employs more than 43,000 staff.
What is Maybank Islamic?
Maybank Islamic is Maybank’s Islamic banking subsidiary established in 2008. It operates as the largest Islamic bank in ASEAN and Malaysia by assets, offering Shariah-compliant financial products.