Maybank

History, Innovation & Leadership

Maybank has recorded numerous milestones since commencing operations in 1960. These bear testimony to our unwavering commitment to innovation and excellence, helping us grow into one of Southeast Asia's leading banking groups today.

1960

  • Maybank is incorporated on May 31 and begins operations in Kuala Lumpur on September 12.
  • Malayan Finance Corporation (later Mayban Finance) is established, the first wholly bank-owned finance company.
  • Maybank's first overseas branch opens in Brunei Darussalam.
  • Branches are opened in Singapore.

1962

  • The Hong Kong branch opens on February 12, followed by a branch in London on September 12.
  • On February 17, Maybank lists on the Kuala Lumpur Stock Exchange.

1973

  • In September, Maybank sets up its investment banking arm — Asian and Euro-American Merchant Bankers Bhd (Aseambankers). The bank is renamed Maybank Investment Bank in 2009.

1974

  • First to introduce a rural credit scheme in 1974.

1976

  • First to introduce mobile bus banking services in 1976.

1977

  • In June, Mayban-Phoenix Assurance Bhd – with the Bank holding 70% equity – is incorporated offering underwriting general insurance risks. The remaining 30% is held by British Phoenix Assurance. On October 10, 1986, Mayban-Phoenix Assurance is renamed Mayban Assurance.

1978

  • Pioneer in computerisation of banking operations in Malaysia in 1978.

1980

  • Maybank launches its first credit card - the Maybank Visa Classic card.

1981

  • First Malaysian bank to set up ATMs in Malaysia.

1983

  • Prime Minister Dato Seri Dr Mahathir Mohamad lays the foundation stone of Menara Maybank – Maybank's headquarters – in September.

1984

  • Maybank's New York branch opens in September.

1986

  • Maybank introduces the nation's first integrated and largest ATM network — Automated Banking Consortium or ABC linking Kwong Yik Bank, Mayban Finance and Maybank in Malaysia and Singapore, a total of 296 ATMs.

1988

  • Balai Seni Maybank and the Maybank Numismatic Museum are officially opened by Tan Sri Dato' Jaffar Hussein, Governor of Bank Negara Malaysia. Official opening of Menara Maybank in June 1988 by the Prime Minister.
  • First financial institution to introduce payment for new IPOs through ATMs.

1990

  • Maybank sets up an offshore bank in Labuan International Offshore Financial Centre.

1992

  • In January, Mayban Securities is formed.
  • Maybank Autophone is launched, making it the first local bank to offer a computerised telephone service.

1993

  • Mayban Ventures begins operations.
  • Aseam Leasing and Credit Bhd is incorporated, offering leasing and hire purchase activities.

1994

  • Maybank (PNG) Ltd opens for business in Port Moresby in October, with a second branch opened in Lae in 1997.
  • Prime Minister Dato Seri Dr Mahathir Mohamad officially launches joint venture with PT Bank Nusa Internasional of Indonesia.

1996

  • In March, the Hanoi branch and a representative office in Ho Chi Minh City are officially opened. In October 2005 Ho Chi Minh City becomes an official branch making it the second branch in Vietnam.
  • Pioneer in bancassurance in South East Asia.
  • Maybank sells Kwong Yik Bank to Rashid Hussain Berhad in December.

1997

  • First to offer the convenience of ticket-less travel for domestic flights on MAS through MAS Electronic Ticketing (MASET) in 1997.
  • Maybank acquires a 60% stake in PNB-Republic Bank of the Philippines, and renames it Maybank Philippines Inc.

2000

  • First to introduce View & Pay service in Malaysia using credit card and direct debit via Internet with Mesiniaga Bhd.
  • First in Malaysia and South East Asia to offer common ATM and over-the-counter services in Malaysia, Singapore, Brunei and the Philippines.
  • First Malaysian bank to open a branch in Shanghai, People's Republic of China.
  • Maybank launches Maybank2u.com in June, making it the first bank in Malaysia to introduce Internet banking services.
  • Maybank acquires Pacific Bank Bhd and Phileo Allied Bank Bhd. In 2001, they were merged into Maybank's operations.

2001

  • Maybank and Fortis International NV, one of the largest providers of integrated financial services in Europe, collaborate to set up Mayban Fortis Holdings Bhd in a 70:30 partnership.
  • Maybank Tower, the new headquarters of Maybank Singapore, is officially opened.
  • Deputy Prime Minister Dato' Seri Abdullah Ahmad Badawi launches Dataran Maybank in Kuala Lumpur.

2002

  • Mayban Takaful commences operations, making it the first Takaful company owned by a conventional bank in Malaysia.

2003

  • First to launch an Internet banking kiosk, in Malaysia, called Maybank2u.com Internet Kiosk.
  • Maybank officially launches its Bahrain branch, the first Malaysian bank to operate there.

2004

  • First local bank to introduce e-Dividend via Maybank2e, a comprehensive dividend payment system through the Bank's enterprise cash management system, Maybank2e.net.
  • The entire operations and business of Mayban Finance Bhd is vested into Maybank.

2005

  • Acquisition of Malaysia National Insurance Bhd, Malaysia's largest national insurer and its subsidiary, Takaful Nasional Sdn Bhd, Malaysia's premier Takaful provider.

2006

  • First to offer online mobile banking via SMS followed by M2U Mobile Services using GPRS/3G phones in 2006.
  • Maybank becomes the sole issuer and manager of the American Express charge card and merchant acquiring businesses in Malaysia.
  • First Malaysian bank to provide over-the-counter cash withdrawal services in its offices in Malaysia, Singapore, Brunei Darussalam and the Philippines, called Region Link.
  • Maybank began title sponsorship of the Maybank Malaysian Golf Open for a five year period. This sponsorship was later renewed for another five years beginning 2011.

2007

  • First to introduce the structured commodity financing solution for business customers.
  • First to launch complete mobile money service in Malaysia with Maxis.
  • Maybank Group launches Etiqa, the new brand name for its conventional and takaful businesses under Mayban Fortis Holdings.

2008

  • First to launch Malaysia's dual purpose Bankcard in partnership with Visa International in 2008.
  • Malaysia's Most Valuable Brand in 2008 & 2007.
  • Maybank establishes its Islamic banking subsidiary, Maybank Islamic Berhad.
  • Maybank acquires stakes in PT Bank Internasional Indonesia, An Binh Bank of Vietnam and MCB Bank Ltd of Pakistan.

2009

  • First to launch online facility for making additional investments in ASB units with PNB.
  • Maybank launches the country's first wireless (mobile) payment terminal facility to accept credit or debit payment at the point of delivery with Pizza Hut.
  • Partnered with Maxis, Nokia, Touch n Go and Visa, to launch the world's first, contactless mobile payments using near field communications (NFC) via Nokia phones.
  • Maybank and Permodalan Nasional Berhad jointly launch Malaysia's first-ever service for making additional investments in ASB units via Internet banking.
  • Maybank successfully completes a RM6 billion rights issue – the largest in Malaysian corporate history.

2010

  • First public listed company on Bursa Malaysia to announce a dividend reinvestment plan.
  • First Malaysian bank to achieve more than USD100 billion in total asset size and USD1 billion in profit after tax.
  • First to launch disabled friendly banking branches for wheelchair bound users nationwide.
  • Maybank celebrates its 50th anniversary.
  • Launches TradeConnex, first local bank in Malaysia to offer a comprehensive suite of conventional trade finance products online.
  • Maybank Islamic launches Waqf, first structured community giving programme for customers by a financial institution in Malaysia.
  • Maybank Singapore launches the first Islamic financing package for SMEs in Singapore.
  • Launches Pantai American Express Credit Card, Malaysia and Asia's first co-brand credit card with a healthcare service provider.
  • PT Bank Maybank Indocorp, is converted to a full-fledged Islamic bank and renamed Maybank Syariah Indonesia.
  • Maybank Foundation is established with an initial RM50 million allocation, to spearhead the Group's Corporate Responsibility initiatives in the region.

2011

  • First Malaysian bank to launch an "Overseas Mortgage Loan Scheme", offering Malaysians a Ringgit mortgage loan facility for property in London.
  • Acquisition of Kim Eng Holdings Ltd, a Singapore-listed investment banking group with a strong regional platform.
  • Launches a strategic partnership via Shared Banking Services with Pos Malaysia Berhad, providing selected Maybank services at more than 400 Pos Malaysia outlets nationwide.
  • First in Malaysia to launch "Maybank 2 Cards" which provides two credit cards together to a card member with only one sign-up.
  • The first Qualifying Full Bank in Singapore to launch a Platinum Debit Card with the NETS FlashPay feature.
  • First Malaysian bank to launch eCustody, an electronic, front-end, internet-based platform offering institutional clients the flexibility of online management of their custody accounts with the Group.
  • Unveils a refreshed corporate identity which is driven by its mission to "Humanise Financial Services Across Asia."

2012

  • Maybank becomes the first local bank to simultaneously sign agreements with four banks from Myanmar to introduce Maybank Money Express (MME) remittance service to the country
  • Maybank reaffirms its long term commitment to Cambodia with the local incorporation of its operations there.
  • Maybank Foundation expands its local scholarship programme to include, for the first time, scholarships from pre-university level. The Foundation awarded full scholarships to 19 deserving students at top public and private local universities.
  • Maybank expands its network in China with a new branch in Beijing to boost its Greater China operations.
  • The Prime Minister of Malaysia officially opens Maybank's first branch in Laos, which completes the Group's footprint in all 10 ASEAN nations.
  • Maybank Singapore executes the first Islamic Profit Rate Swap on the back of a syndicated Islamic loan, establishing its capability in Islamic hedging solutions.
  • Malaysia's Most Valuable Brand.
  • Maybank announces the successful completion of a bookbuilding exercise in relation to its private placement, raising approximately RM3.66 billion (US$1.2 billion) at a narrow discount to the market price. The private placement, ranks as the largest in Malaysia's corporate history, is well received by both domestic and foreign institutional investors.
  • Maybank Philippines Inc. launches the Maybank Credit Card in the Philippines
  • Maybank Philippines Inc. announces the move of its offices to the new Maybank Corporate Centre in Bonifacio Global City in Taguig.
  • The first bank in Singapore to introduce the Maybank Smart TV App, leveraging on the full capabilities of the Samsung Smart TV to create a truly innovative online service and engagement channel for customers and noncustomers.
  • Maybank launches its enhanced Regional Cash Management platform, delivered through its state-of-the-art web-based Maybank2E platform in Singapore to tap into Asia's fast growing cash management market.
  • Maybank launches its internet banking service, Maybank2u, in Cambodia, making this awardwinning service available to customers in the country.
  • Maybank expands its network in Cambodia with the opening of its 12th branch in the country, located at the Phnom Penh Special Economic Zone.