Company and its history
The Maybank Group is Malaysia’s financial services leader with a network of over 2,100 offices in 17 countries worldwide. The Bank was incorporated on 31 May 1960 and commenced operations on 12 September of the same year. It quickly expanded its network and was listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia) on 17 February 1962. By its second anniversary on 12 September 1962, Maybank had branches operational in numerous parts of Malaysia as well as Singapore, Brunei, Hong Kong and London.
Maybank’s objective at the time of incorporation was to support the development of the then newly independent Malaya by financing economic growth and bringing modern banking services to its people. Over the years, it played a key role in meeting this objective and expanded both in network as well as products and services. Maybank was in fact one of the key drivers in supporting the country’s economic transformation and setting new benchmarks in financial services for Malaysia.
The next few decades of Maybank’s operations were periods of aggressive expansion and continuous innovation that saw it evolve into a major financial services group, offering a comprehensive range of products to customers as well as supporting Malaysians who ventured abroad for trade and investment through offices in key markets they were in. Along the way, the Group achieved numerous firsts leading the way for the Malaysian banking industry and making Maybank one of the leading Malaysian brands.
Today, Maybank has grown to become the largest company by market capitalisation on Bursa Malaysia and is recognised as one of the region’s leading banking groups. It offers an array of financial services including commercial banking, investment banking, stock broking, insurance and takaful, trustee services, offshore banking, asset management and Islamic banking. Maybank has been recognised through numerous local and international awards for its