View source for Maybank

{{Short description|Malaysian bank}}
{{about|the banking company|people with the surname|Maybank (surname)}}

{{EngvarB|date=February 2015}}
{{Use dmy dates|date=February 2015}}
{{Infobox company
| name = Malayan Banking Berhad
| logo = Maybank logo.svg
| logo_size = 200px
| caption = 
| image = Maybank_Tower_Kuala_Lumpur.jpg
| image_size = 225px
| image_caption = [[Maybank Tower (Kuala Lumpur)|Menara Maybank]], in Kuala Lumpur, the headquarters of Maybank
| type = [[Public limited company]]
| traded_as = {{MYX|1155}}
| ISIN = {{ISIN|sl=n|pl=y|MYL1155OO000}}
| foundation = {{start date and age|1960|05|31|df=y}}
| founders = [[Khoo Teck Puat]]
| location_city = [[Menara Maybank]]<br />[[Kuala Lumpur]], Malaysia
| area_served = {{hlist|[[Southeast Asia]]|[[Greater China]]|[[Saudi Arabia]]|[[United Kingdom|UK]]|[[United States|US]], [[Pakistan]]|[[India]]|[[Uzbekistan]]|[[UAE]]}}
| key_people = {{ubl|{{wd-chairperson}}|{{wd-ceo}}}}
| revenue = {{increase}} RM51.03 billion<br/>(US$11.59 billion) (2021)<ref name="maybank.com">{{Cite web|url=http://www.maybank.com.my/|title=Welcome to Maybank|first=Agenda|last=Malaysia|website=Maybank Malaysia}}</ref>
| operating_income = {{increase}} RM25.45 billion <br /> (US$5.78 billion) (2021)
| net_income = {{increase}} RM8.20 billion<br />(US$1.98 billion) (2019)<ref name="maybank.com"/>
| assets = {{increase}} RM888.00 billion<br />(US$201.84 billion) (2021)<ref name="maybank.com"/>
| num_employees = Over 43,000
| products = 
| industry = [[Financial services|Financial Services]]
| subsid = {{plainlist|
* Maybank Islamic Berhad
* PT Bank Maybank Indonesia Tbk
* Maybank Philippines, Incorporated
* Maybank (Cambodia) Plc
* Maybank Singapore Limited
* MCB Bank Limited
* An Binh Commercial Joint Stock Bank
* Uzbek Leasing International A.O.
* Etiqa International Holdings Sdn Bhd
* Maybank International Holdings Sdn Bhd
* Maybank Investment Bank Berhad
* Maybank Asset Management Group Berhad
* Maybank Trustees Berhad
* Maybank Shared Services Sdn Bhd
* BinaFikir Sdn Bhd<ref>{{Citation |title= Annual Report 2021 – Corporate |url=https://www.maybank.com/iwov-resources/documents/pdf/annual-report/2021/Maybank-AR2021-Corporate-Book.pdf |access-date=16 March 2023}}</ref>
}}
| homepage = {{official URL}}
}}

'''Malayan Banking Berhad''' ([[doing business as]] '''Maybank''') is a [[Malaysia]]n [[universal bank]], with key operating "home markets" of Malaysia, [[Singapore]], and [[Indonesia]].<ref>{{cite news |last1=Chor |first1=Khieng Yuit |title=Maybank eyes growth in the Republic and Indonesia, says its new S’pore CEO |url=https://www.straitstimes.com/business/maybank-eyes-growth-in-singapore-and-indonesia-says-ceo-alvin-lee |access-date=9 September 2024 |work=The Straits Times |date=23 February 2024 |language=en}}</ref>  According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the [[ASEAN]] countries and ranked 70th among the world’s most valuable bank brands.<ref>{{Cite web|title=Banking 500 2020|url=https://brandfinance.com/wp-content/uploads/1/brand_finance_banking_500_2020_preview_1.pdf|website=brandfinance.com}}</ref>

==Background==
Maybank is [[Malaysia]]'s largest bank by market capitalisation and total assets and [[List of largest banks in Southeast Asia|one of the largest banks in Southeast Asia]], with total assets exceeding US$203 billion and a net profit of US$1.98 billion for 2019.<ref>{{cite news |title=Maybank eyes 20,000 new-to-bank users on its digital platform with Maybank goal-based investment |url=https://www.thestar.com.my/business/business-news/2024/04/22/maybank-eyes-20000-new-to-bank-users-on-its-digital-platform-with-maybank-goal-based-investment |access-date=9 September 2024 |work=The Star |language=en}}</ref>

Maybank is also ranked 106th in The Banker's 2020 Top 1000 World Banks (as of July 2020) and 349th in the Forbes Global 2000 Leading Companies (as of May 2020).

Maybank is the largest public listed company on [[Bursa Malaysia]], the Malaysian stock exchange, with a market capitalisation of US$23.7 billion as of 31 December 2019.

Maybank's Islamic banking arm, Maybank Islamic, is the largest Islamic bank in ASEAN and Malaysia in terms of assets, and was named 2020’s Global Islamic Bank of the Year by [[The Banker]].<ref>{{Cite web |title=Islamic Bank of the Year Awards 2015 - |url=https://www.thebanker.com/Awards/Islamic-Bank-of-the-Year-Awards/Islamic-Bank-of-the-Year-Awards-2015?ct=true |access-date=2020-08-18 |website=www.thebanker.com}}</ref>

Maybank's network spans across all 10 [[ASEAN]] nations as well as key Asian countries and global financial centres, with a network of 2,600 retail banking branches worldwide and more than 43,000 employees.

==History==
Maybank was founded by [[Singaporean]] business tycoon Tan Sri [[Khoo Teck Puat]] (who died in 2004) and Oei Tjong Ie.<ref>{{Cite web|title=Singapore's richest man dies at 86 {{!}} The Star|url=https://www.thestar.com.my/news/nation/2004/02/23/singapores-richest-man-dies-at-86|access-date=2020-09-10|website=www.thestar.com.my}}</ref> The company was led by President and CEO [[Amirsham Abdul Aziz|Tan Sri Amirsham Abdul Aziz]] from 1994 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. Tan Sri [[Abdul Wahid Omar]] was President & CEO of Maybank Group from May 2008 to June 2013. On 1 May 2022, Dato' Khairussaleh Ramli was appointed as President & CEO of Maybank Group.<ref>{{Cite web |title=Dato' Khairussaleh Ramli to be the new Group President & CEO of Maybank {{!}} Maybank |url=https://www.maybank.com/en/news/2022/01/27.page |access-date=2022-06-22 |website=www.maybank.com}}</ref>

===Timeline===
[[File:Maybank first Branch.jpg|thumb|"First Maybank Branch. Since 1960" at Jalan Tun H.S. Lee, Kuala Lumpur]]
* 1960 – Maybank is incorporated on 31 May and begins operations in Kuala Lumpur on 12 September. Malayan Finance Corporation (later Mayban Finance) is established, the first wholly bank-owned finance company. Maybank’s first overseas branch opens in [[Brunei]] on 28 November.<ref name="Pelita 7.12.1960">{{cite news |author=<!-- not stated --> |title=MENTERI RASMIKAN PEMBUKAAN BANK |date=7 December 1960 |newspaper=Pelita Brunei |issue=5 #23 |page=5 |publisher=Pejabat Penerangan Kerajaan Brunei |language=ms |url=http://www.pelitabrunei.gov.bn/Arkib%20Dokumen/1960/7%20disember%201960.pdf |access-date=14 October 2021}}</ref> Branches are also opened in Singapore.
* 1962 – Listed on the Kuala Lumpur Stock Exchange. Hong Kong and London branches opened.
* 1973 – Forms own investment banking arm, Aseambankers Malaysia Berhad (Asian & Euro-American Merchant Banking (Malaysia) Berhad)
* 1977 – Mayban-Phoenix Assurance Bhd is incorporated offering underwriting general insurance risks. &nbsp;Mayban-Phoenix Assurance was renamed Mayban Assurance in 1986
* 1984 – New York branch opened
* 1990 – Set up new operations in the Federal Territory of Labuan
* 1992 – Mayban Securities formed.
* 1993 – Maybank Ventures begins operations in February. In September, Aseam Leasing and Credit Bhd are incorporated, offering leasing and hire purchase activities. Opens representative office in Beijing, People’s Republic of China
* 1994 – Entered a joint-venture with PT Bank Nusa Nasional (Indonesia), bringing the Maybank name to the Indonesian market. A branch is opened in Phnom Penh, Cambodia
* 1995 – Maybank (PNG) Ltd. opens in Port Moresby and Lae
* 1996 – Hanoi branch and a representative office in Ho Chi Minh City are officially opened. Maybank Bankassurans launched, offering insurance products to customers at bank branches. Kwong Yik Bank sold to Rashid Hussain Berhad in December
* 1997 – Acquired a 60% stake in PNB-Republic Bank of the Philippines and renamed it Maybank Philippines Inc
* 2000 – First Malaysia bank to open a branch in Shanghai, People’s Republic of China. Acquired Pacific Bank and the Phileo Allied Bank Bhd, and then merged in 2001
* 2001 – Maybank and Fortis International NV collaborate to set up Mayban Fortis Holdings Bhd in a 70:30 partnership. All Maybank’s insurance companies are grouped under Mayban Fortis Holdings Bhd
* 2002 – Mayban Takaful Bhd commences operations, the first Takaful company owned by a conventional bank in Malaysia. First Malaysia bank to operate in Bahrain
* 2005 – Acquired Malaysia National Insurance Bhd (MNI) and its subsidiary, Takaful Nasional Sdn Bhd (Takaful Nasional)
* 2006 – Maybank acquired American Express' card business in Malaysia<ref name=GT-DEX-2006-68>{{cite news|title=Maybank buys Amex charge card business|url=http://www.malaysianbar.org.my/business_news/maybank_buys_amex_charge_card_business.html|access-date=19 August 2012|date=2 August 2006}}</ref>
* 2007 – Launched [[Etiqa]], the new brand name for Maybank’s conventional and [[takaful]] businesses under Mayban Fortis Holdings Bhd
* 2008 – Islamic banking subsidiary, Maybank Islamic Berhad, established. Acquires stakes in An Binh Bank (Vietnam), [[MCB Bank Limited|MCB]] Bank Ltd of [[Pakistan]] and Bank Internasional Indonesia
* 2009 – Renamed Aseambankers to Maybank Investment Bank. Completed a RM6 billion rights issue – the largest in Malaysian corporate history
* 2010 – Introduced a Dividend Reinvestment Plan, the first public listed company in Malaysia to do so
* 2011 – Acquired [[Kim Eng Holdings Limited]], making it its subsidiary 
* 2012 - First branch in Laos opened, completing the Group’s footprint in all 10 ASEAN nations
* 2015 - Exited Papua New Guinea with the sale of Maybank (PNG) Limited and Mayban Property (PNG) Limited to Kina Ventures Ltd.
[[File:May bank singapore.jpg|thumb|200px|right|[[Maybank Tower (Singapore)|Maybank Tower]], Singapore]]

==Awards and recognitions==
From 2014 to 2018, Maybank was recognized as the most valuable bank brand in Malaysia for four consecutive years, according to the ''Brand Finance Banking 500 Brand Value Report 2018'', published by the brand valuation consultancy Brand Finance.<ref>{{cite web |date=19 July 2018 |title=Maybank Malaysia's most valuable bank brand |url=https://www.freemalaysiatoday.com/category/nation/2018/07/19/maybank-malaysias-most-valuable-bank-brand/ |website=FreeMalaysiaToday}}</ref>

Maybank was named the 'Best Malaysian Organisation' at the Life At Work Awards 2018, an initiative by Talent Corporation Malaysia Berhad (TalentCorp).<ref>{{cite web |title=Maybank recognised as the Best Malaysian organisation by TalentCorp |url=https://www.thesundaily.my/media-marketing/maybank-recognised-as-the-best-malaysian-organisation-by-talentcorp-XX264981 |website=TheSunDaily}}</ref>

In January 2019, Maybank was included in ''Brand Finance’s Global 500 Brands'' list, making it the only Malaysian bank and one of only two Malaysian brands to be featured that year. The bank achieved a brand valuation of US$4.2 billion, representing a 32% increase from its 2018 valuation of US$3.16 billion.<ref>{{cite web |title=Brand Finance Global 500 2019 |url=https://brandfinance.com/knowledge-centre/reports/brand-finance-global-500-2019/ |website=BrandFinance}}</ref>

==See also==
{{Portal|Banks}}
*[[List of largest Malaysian banks]]
*[[List of largest banks in Southeast Asia]]

==References==
{{Reflist}}

==External links==
{{Commons category}}
* [http://www.maybank.com/ Maybank Group corporate website]

{{FTSE Bursa Malaysia KLCI constituents}}
{{Online brokerages}}

[[Category:Maybank| ]]
[[Category:Banks of Malaysia]]
[[Category:Companies listed on Bursa Malaysia]]
[[Category:Companies in the FTSE Bursa Malaysia KLCI]]
[[Category:Government-owned companies of Malaysia]]
[[Category:Malaysian brands]]
[[Category:Banks established in 1960]]
[[Category:Companies based in Kuala Lumpur]]
[[Category:1960 establishments in Malaya]]
[[Category:Multinational companies headquartered in Malaysia]]
[[Category:Online brokerages]]
[[Category:Permodalan Nasional Berhad]]
[[Category:Swan & Maclaren Group]]