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Retail Asia30/11/2018

Malayan Banking Bhd posted marginally lower net profit for the third quarter ended Sept 30, 2018 of RM1.96 billion, compared with RM2.03 billion in the corresponding quarter in 2017, on lower net operating income, higher allowances for impairment losses on loans, advances, financing and other debts and lower share of profits in associates and joint […]

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Retail Asia14/11/2018

Maybank Asset Management Group (MAMG) expects its assets under management (AUM) to increase between US$30 million (RM126 million) to US$50 million (RM209 million) in the next two years, following its collaboration with Schroder Investment Management (Singapore) Ltd to co-develop investment solutions for sophisticated investors. As of end September 2018, MAMG’s AUM stood at RM33.7 billion. […]

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Retail Asia31/08/2018

Malayan Banking Bhd (Maybank), which saw net profit jump 18.1% to RM1.96 billion for the second quarter ended June 30, 2018, expects its performance for the second half of the year (2H18) to be driven by its consumer, wealth and insurance businesses, said group CFO Datuk Amirul Feisal Wan Zahir. He expects the consumer business […]

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Retail Asia14/08/2018

Maybank Investment Bank Bhd (Maybank IB) was named the best Malaysian investment bank for the fourth time in a row in the Euromoney Awards for Excellence 2018. According to Euromoney, the accolade has been conferred on Maybank for its strong performance during the period under review. “Maybank IB had gone from strength to strength as […]

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Retail Asia30/07/2018

Malayan Banking Bhd’s (Maybank) Indonesian unit PT Bank Maybank Indonesia Tbk’s net profit fell 6.6% to Rp932.7 billion (RM264 million) for the first six months ended June 30, 2018 compared with Rp998.5 billion in the previous corresponding period, due primarily to lower fee-based income and a slight compression in net interest margin (NIM). The bank […]

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Retail Asia25/05/2018

The Singapore Exchange (SGX) on Thursday said it will be holding its retail education event this weekend (May 26-27) at VivoCity’s Outdoor Plaza Atrium, as part of its ongoing efforts to educate new investors and encourage them to start investing. Targeted at NIBIs (not invested but interested) aged between 18 and 35 years old, the […]

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Retail Asia23/05/2018

Grab announced a strategic partnership with Maybank to drive the acceptance and usage of Grab’s new cashless payment method, the GrabPay mobile wallet. The announcement comes as Grab, which received its e-money license from Bank Negara Malaysia in December 2017, is set to launch its GrabPay mobile wallet in beta in the coming weeks. With […]

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Retail Asia02/05/2018

PT Bank Maybank Indonesia Tbk (Maybank Indonesia) today reported that its operating income after provisions increased to 682 billion rupiah for the first quarter ended March 31, 2018 compared with 633.9 billion rupiah recorded in the previous corresponding period. In a statement, Maybank Indonesia said its profit after tax and minority Interest (PATAMI) stood at […]

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Retail Asia09/09/2017

As consumers become more tech savvy, Thailand internet shopping has boomed. Online retail sales in Thailand are more than doubling annually, whereas traditional stores are seeing only about 10 per cent growth. This is attributed to a combination of stronger and faster internet speeds in Thailand plus the success of online merchants such as Lazada. […]

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Retail Asia31/07/2017

Malayan Banking Bhd’s (Maybank) Indonesian unit PT Bank Maybank Indonesia Tbk (Maybank Indonesia) posted a 16.3% year-on-year (y-o-y) rise in profit after tax and minority interests (Patmi) to 998.5 billion rupiah (RM320.7 million) for the first six months ended June 30, 2017 (1HFY17), from 858.4 billion rupiah, on an overall improvement in its core banking […]

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Retail Asia26/04/2017

Malayan Banking Bhd is anticipating financing to the retail small and medium enterprise (SME) segment to jump 35% this year — compared with 27% last year — which will up the segment’s loan portfolio to RM16.8 billion by year end. The growth is expected to be driven by business property-based loans, portfolio guarantee (PG), trade […]

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Retail Asia04/04/2017

Maybank Indonesia Tbk on Monday announced the appointment of Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias as its new president commissioner (similar to a chairman’s position). Maybank Indonesia head of corporate communications and branding, Esti Nugraheni, said in a statement that Abdul Farid was taking over from Tan […]

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Retail Asia16/01/2017

Private lender Maybank Indonesia has sold all stakes in motorcycle financing firm Wahana Ottomitra Multiartha (WOM Finance) to Indonesian financial services provider Reliance Capital Management in a deal worth Rp 673.8 billion (US$50.71 million). Maybank announced on Thursday that it had signed a conditional share purchase agreement with Reliance Capital Management on Jan. 11 to […]

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Retail Asia31/12/2016

Maybank and Western Union have launched a digital remittance service in Malaysia via the Maybank2u (“M2u”) mobile banking app and Maybank’s website. The service enables Maybank customers to transfer money to more than 500,000 Western Union® Agent locations in over 200 countries and territories. The money transfer service is available 24 hours a day and […]

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Retail Asia25/11/2016

Maybank, South East Asia’s fourth largest bank, and Powerman Philippines, the Philippine affiliate of the International Powerman Association (IPA), are hosting two duathlon race events in the Philippines this year. The first race, which was held last November 20, 2016 at the SM Mall of Asia by the Bay, Anytime Fitness Powerman Philippines Asian Invitational […]

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Retail Asia08/10/2016

Demand is expected to slowdown in the coming months, however. During Sep-16, domestic sales of passenger vehicles rose 20% YoY and two wheelers grew 22% YoY, ahead of Diwali and Dussera in Oct-16. MayBank KimEng’s channel checks suggest the demand for automobiles is 10% more than in the previous two festive seasons. “We expect demand […]

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Retail Asia09/09/2016

Singapore’s Maybank has joined the Samsung Pay bandwagon to help meet its goal of strengthening its digital presence across the region. Launched in partnership with Samsung Electronics Singapore, the deployment will enable customers to use their Maybank credit and debit cards to perform transactions at most point‐of‐sale (POS) terminals in Singapore. This mobile wallet deployment […]

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Retail Asia26/08/2016

Allianz is hoping the agreement will give access to Maybank’s 4 million customers in Asia. The insurer said it has jointly developed three life insurance products with Maybank which includes a unit-linked life insurance product compliant with Islamic Shariah law, a single-premium investment product and a life policy which combine protect with investment. “This partnership […]

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Retail Asia12/08/2016

Bursa Malaysia opened slightly higher on Tuesday, extending yesterday’s gains but mild profit-taking in selected heavyweights limited the gains, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.40 point better at 1,673.08, after opening 1.84 points higher at 1,674.49. Gainers outpaced decliners 148 to 64, while 193 counters were unchanged, […]

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Retail Asia20/07/2016

Maybank has introduced its mobile banking app in Cambodia as part of efforts to strengthen its presence in the country. The app is the first in Cambodia to offer augmented reality and a QR code reader. A similar app was launched in Malaysia in 2014. Maybank group head of community financial services Datuk Lim Hong […]

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