Malayan Banking

Malayan Banking was founded on 31 May 1960 and is a public company in Malaysia and grew rapidly to more than 150 branches within the first three years. It is the first Malaysian company introduced a Dividend Reinvestment Plan. Malayan Banking Berhad (trading as Maybank, MYX: 1155) is the largest bank and financial group in Malaysia with significant banking operations in Singapore, Indonesia, Philippines and many more countries. The company established Mayban Trustees Bhd (MTB) in 1964. In 1992, Maybank launced Maybank General Assurance Bhd and acquisition of Safety Life & General Insurance Sdn Bhd then relaunched as Mayban Life Assurance. Maybank is the largest bank in Malaysia with 401 domestic branches. Its total revenue for a year RM18.54 billion(2013) and the net income was RM6.55 billion(2013) were the total assets RM560.4 billion(31 December 2013). Maybank is the largest listed company on the Malaysian Stock Exchange, Bursa Malaysia, with a market capitalization of RM89.6billion (USD27.9 billion) as of 30 June 2014. Currently 47,000 employees working for Maybank.

The bank also has large interests Islamic banking through Maybank Islamic Berhad and insurance via its Etiqa subsidiary. In 2006, Maybank acquired American Express card business in Malaysia and in November 2007 MNI Insurance and Takaful Nasional were rebranded as Etiqa Insurance and Etiqa Takaful respectively. Subsequently, Mayban Takaful transferred all its business, assets and liabilities to Etiqa Takaful. In 2008, Maybank completed the acquisition of 15% stake in An Binh Bank (Vietnam), 20% stake of MCB Bank Limited and 97.5% stake in Bank International Indonesia (BII). In 2014, Maybank is ranked at 326th in the Forbes Global 2000 leading companies. Where the Maybank’s main headquaters Menara Maybank located at No.100, Jalan Tun Perak, Kuala Lumpur, Malaysia. The most attracting of this company is the slogan “Humanising Financial Services Across Asia”.