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Jumaat, 2 Julai 2010

Maybank

Maybank a trade name for Malayan Banking Berhad is the largest bank and financial group in Malaysia, with significant banking operations in Singapore, Indonesia and the Philippines. The bank also has large interests in Islamic banking through Maybank Islamic Bank and insurance via its Etiqa subsidiary. Maybank is the largest bank in Malaysia with 374 domestic branches and 90 international branches and offices. Maybank is the second largest listed company on the Malaysian Stock Exchange, Bursa Malaysia, with a market capitalisation of over RM30 billion as of mid-April 2009.

In 2008, Maybank completed the acquisition of 15% in An Binh Bank (Vietnam), 20% of MCB Bank Ltd (Pakistan) and 97.5% of Bank Internasional Indonesia (BII). In addition, Maybank won for the second year Malaysia's Most Valuable Brand (worth RM9.3 billion), and Deal of the Year - Insolvency & Restructuring Deal of the Year at the 2008 ALB SE Asia Law Awards.

Corporates


Maybank operates consumer banking, business and corporate banking, as well as private banking services, through a network of more than 374 branch offices and more than 2,700 ATM machines in Malaysia. The company operates 22 branches throughout Singapore providing a full range of banking and financial products and services. Maybank, through Maybank Philippines Incorporated, has 45 branches in the Philippines and also has a banking presence in most of the other Southeast Asian markets, including Brunei, Papua New Guinea, Indonesia, Cambodia and Vietnam. The bank also operates branches in New York, London, Hong Kong and Bahrain

Beside its commercial banking network, Maybank operates a number of specialized subsidiaries in the insurance, investment banking and assets management, and finance sectors. The group's subsidiaries include Etiqa Insurance & Takaful which provides both conventional and Shariah-compliant insurance products, and Maybank Investment Bank which is the Group's investment banking division following the acquisition of Mayban Discount and Mayban Securities. Maybank was the first Malaysian bank granted the right to establish a branch office in China.

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 for some two decades 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 officially appointed as President & CEO of Maybank Group in May 2008.

As of December 31, 2008, Maybank is the largest Malaysian bank, boasting group assets worth RM301 billion (USD$87 billion), placing it among the top 120 banks worldwide. Malayan Banking is also a listed corporation on Bursa Malaysia.

Financials


Maybank Group financials (FY ending 30 June 2008)

Total Assets = RM269.1 billion (USD80.8 billion)
Net Profit = RM2.93 billion (USD0.88 billion)

Maybank financials (FY ending 30 June 2008)

Total Assets = RM219.2 billion (USD65.8 billion)
Net Profit = RM2.3 billion (USD0.69 billion)

Chronology


  • 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 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
  • 1996 - Entered a joint-venture with PT Bank Nusa Internasional (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.
Principal subsidiaries
  • Aseam Credit Sdn Bhd
  • Aseam Malaysia Nominees (Asing) Sdn Bhd
  • Aseam Malaysia Nominees (Tempatan) Sdn Bhd
  • Aseambankers Malaysia Bhd
  • Aseamlease Bhd
  • Etiqa Insurance & Takaful
  • Mayban (Nominees) Sdn Bhd
  • Mayban Discount Bhd
  • Mayban General Assurance Bhd
  • Mayban International Trust
  • Mayban International Trust (Labuan) Bhd
  • Maybank Investment Bank Bhd
  • Mayban Investment Management Sdn Bhd
  • Mayban Life Assurance Bhd
  • Mayban Life International (Labuan) Ltd
  • Mayban Nominees (Asing) Sdn Bhd
  • Mayban Nominees (Hong Kong) Ltd
  • Mayban Nominees (Singapore) Pte Ltd
  • Mayban Nominees (Tempatan) Sdn Bhd
  • Mayban Offshore Corporate Services (Labuan) Sdn Bhd
  • Mayban Securities (Holdings) Sdn Bhd
  • Mayban Securities Nominees (Asing) Sdn Bhd
  • Mayban Securities Nominees (Tempatan) Sdn Bhd
  • Mayban Securities Nominees Sdn Bhd
  • Mayban Securities Sdn Bhd
  • Mayban Takaful Berhad
  • Mayban Trustees Bhd
  • Mayban Unit Trust Berhad - (This branch of Maybank was sold to PNB in mid 2007)
  • Mayban Venture Capital Co Sdn Bhd
  • Mayban Ventures Sdn Bhd
  • Maybank (PNG) Ltd
  • Maybank International (L) Limited
  • Maybank International Islamic Banking Operations
  • Maybank Philippines Inc
  • Mayfin Nominees (Tempatan) Sdn Bhd
  • Philmay Holding Inc.
  • Philmay Property Inc.
  • PT Bank MayBank Indocorp
  • RPB Venture Capital Corporation.
Principal Competitors
Commercial Banking
  • Maybank
  • Maybank International (L) Limited
  • Maybank Philippines Inc
  • Maybank (PNG) Ltd
  • PT Bank MayBank Indocorp
  • Maybank Vietnam
  • MCB Bank Limited
  • PT Bank Internasional Indonesia Tbk
Insurance
  • Etiqa Insurance (previously known as MNI Insurance)
  • Etiqa Takaful (previously known as Takaful Nasional)
  • Etiqa Offshore Insurance (Labuan) Ltd (previously known as Mayban Life International (Labuan) Ltd)
  • Mayban General Assurance Bhd
  • Mayban Life Assurance Bhd
  • Mayban Takaful Berhad (transferred all business, assets and liabilities to Etiqa Takaful)

Finance

  • Aseam Credit Sdn Bhd
  • Aseamlease Bhd

Investment Banking

  • Maybank Investment Bank Bhd
  • Mayban Discount Bhd
  • Mayban Investment Management Sdn Bhd
  • Mayban Securities Sdn Bhd
  • Mayban Securities (Holdings) Sdn Bhd
source: http://en.wikipedia.org/wiki/Maybank

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