Malayan Banking Berhad | Introduction
Introduction
14th Floor Menara Maybank, 100 Jalan Tun Perak
Kuala Lumpur
50050
Malaysia
Telephone: ( + 60) 3 2070 8833
Fax: ( + 60) 3 2070 2611
Web site: http://www.maybank2u.com
Public Company
Incorporated: 1960 as Malayan Banking Berhad
Employees: 20,821
Total Assets: $47.24 billion (2004)
Stock Exchanges: Kuala Lumpur
Ticker Symbol: MAYBANK
NAIC: 522110 Commercial Banking; 522291 Consumer Lending; 522292 Real Estate Credit; 522298 All Other Non-Depository Credit Intermediation; 523120 Securities Brokerage; 524113 Direct Life Insurance Carriers; 524114 Direct Health and Medical Insurance Carriers; 524126 Direct Property and Casualty Insurance Carriers
Malayan Banking Berhad is the holding company overseeing Malaysia's largest bank, Maybank and a range of financial sector subsidiaries. Maybank offers a full range of commercials, corporate, and private banking services, with a network of more than 450 branch offices and more than 2,500 ATM machines. Maybank, as the group as a whole is more commonly known, has also built a strong position in the regional market. The company operates more than 20 branches in Singapore and the Philippines and also has a banking presence in most of the other Southeast Asian markets, including Brunei, Papua New Guinea, Indonesia, and Vietnam. The bank also operates branches in New York and London. Maybank was the first Malaysian bank granted the right to establish a branch office in China, a particularly important market given the large and economically powerful ethnic Chinese population in Malaysia. In addition to 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 Mayban General Assurance, Mayban Life Assurance, and Mayban Takaful, the latter focusing on developing insurance products compatible with Moslem law; the Aseam group, including Aseam Credit, Aseamlease, Aseam Unit Trust, and Aseambankers Malaysia Bhd; Mayban International Trust, Mayban Discount, and Mayban Investment Management; and Maybe Securities. Maybank was founded by Malaysian business tycoon Khoo Tech Puat, who died in 2004. The company has been led, however, for some two decades by President and CEO Amirsham A. Aziz. The largest Malaysian bank, Maybank boasted total assets worth $47 billion in 2004, placing it among the top 120 banks worldwide. Malayan Banking is listed on the Kuala Lumpur Stock Exchange.