Maybank

Maybank Greater CHINA

Overview

Maybank Greater China was established in October 2010. The Hong Kong and Shanghai branches and the Beijing representative office worked on an integrated basis with a high level of cross-border cooperation.

2012 saw the expansion of services in the Chinese capital with the launch of a new Beijing branch, which complements the two existing branches in providing wholesale banking solutions to commercial and corporate customers with a business presence in China. We relocated our Hong Kong branch to Citic Tower in December 2012.

Financial Performance
Maybank Greater CHINA
Achievements

Our focus last year on building infrastructure, capabilities and client base in Greater China proved fruitful. In addition to providing cross-border Renminbi trade settlement in Shanghai, as of June 2012 we became the first Ringgit Malaysia (RM) account provider for corporate clients outside of Malaysia. We deployed TradeConnex, a web-based regional trade finance platform and channel with straight-through processing capabilities, and as a result, our trade finance revenue shot up by 59% in 2012.

We also launched the China National Advanced Payment System (CNAPs), a Renminbi payment system used throughout China. This enables the Shanghai branch to accept Renminbi deposits.

Outlook

Predicted GDP growth of 7% to 8% in 2013 suggests that the operating environment for Chinese banks will remain stable. Overall credit growth is expected to be around 15% in 2013. The government's stimulus projects and a shift from investment-driven to consumption-led growth will influence the economic performance.

We will continue to focus on growing our client base by tapping our core clients across the ASEAN-China region and strengthening our cross-border product services. We also intend to expand in Greater China to fulfil our mission to become a leading offshore universal wholesale bank with a strong China capability.