Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, Philippines and Indonesia. According to the Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fifth top brand in Asean and ranked 83rd in the world’s most valuable bank brands.[2]

Malayan Banking Berhad
Publicly traded government-linked company
Traded asMYX: 1155
IndustryFinancial Services
Founded31 May 1960
FounderKhoo Teck Puat & Oei Tjong Ie
Area served
Southeast Asia
Singapore, Hong Kong, China, Bahrain UK, US, Pakistan
Key people
Abdul Farid Alias, Group President and CEO
Mohaiyani Shamsudin, Chairman
Revenue RM45.58 billion
(US$11.22 billion) (2017)[1]
RM23.37 billion
(US$5.75 billion) (2017)
RM11.91 billion
(US$2.93 billion) (2017)[1]
Total assets RM765.0 billion
(US$188.00 billion) (2017)[1]
Number of employees
ParentPermodalan Nasional Berhad
SubsidiariesSee Maybank subsidiaries


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 91st 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[3] and fifth 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 45,000 employees.


Maybank was founded by Malaysian business tycoon Khoo Teck Puat (who died in 2004) & Oei Tjong Ie, son of Chinese-Indonesian Conglomerate Oei Tiong Ham. 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
  • 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 which later gained full control of the enterprise
  • 1997 – Acquired through Philmay Holding Iand establishment of the real estate and property development vehicle Philmay Property
  • 2000 – Maybank Philippines 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 Maybank 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.
  • 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.
  • 2015 - Exited Papua New Guinea with the sale of Maybank (PNG) Limited and Mayban Property (PNG) Limited to Kina Ventures Ltd.


Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 employees.[6]

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.

Commercial Banking


  • Malayan Banking Berhad


  • Maybank Singapore Limited (Effective from 5 November 2018)


  • Maybank Philippines, Incorporated


  • PT Bank Maybank Indonesia Tbk (previously known as Bank Internasional Indonesia which has changed its corporate name and logo since 2 November 2015)





  • Maybank (Cambodia) Plc

Investment Banking


  • Maybank Investment Bank Berhad


  • Maybank Kim Eng Holdings Limited


  • Kim Eng Securities India Private 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


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.

Awards and Recognitions

Finance’s Global 500 Brands: Maybank is the only Malaysian bank and one of two brands from Malaysia who qualified to be included in the prestigious Finance’s Global 500 Brands list in January, 2019. Maybank achieved a brand valuation of USD $4.2 billion, a 32% increase from 2018 valuation of USD $3.16 billion.[7]

The Best Malaysian Organization 2018. Maybank was recognized as the 2018 ‘Best Malaysian Organisation’ by Talent Corporation Malaysia Berhad (TalentCorp) through its Life At Work Awards 2018 programme.[8]

The Most Valuable Bank Brand in Malaysia: Maybank has been recognized as the top bank brand in Malaysia for the four consecutive years i.e. 2014-2018 based on the 2018 Brand Finance Banking 500 Brand Value Report issued by global brand valuation and strategy consulting firm, Brand Finance.[9]

See also


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