Description
Nature of Business
Maybank is among Asia's leading banking groups and is South East Asia's fourth largest bank by assets. Maybank Group has an international network of over 2,600 branches in 18 countries including all 10 ASEAN countries.
Maybank has been operating in Singapore since 1960 and offers an extensive range of products and services for individuals, businesses and corporations, including consumer and corporate banking, investment banking, Islamic banking, stock broking, insurance and takaful and asset management. With Maybank's global business footprint, clients have access to vast opportunities across ASEAN and beyond.
Singapore is one of Maybank Group's largest overseas operations. Established in 1960, Maybank Singapore Limited, a Singapore-incorporated subsidiary with Qualifying Full Bank (QFB) privileges and as one of the domestic systemically important banks (D-SIBs) , offers retail (personal banking, privilege wealth, premier wealth), private wealth and SME banking services.
The bank operates a network of 18 banking branches and six Premier Hubs, the highest among foreign banks.
Maybank's Singapore Branch operates the Global Banking (e.g. loans/financing, trade financing, deposits, company's operating accounts, remittances, Global Markets) business to cater to the banking needs of corporate and institutional clients.
As at 31 December 2023, Maybank’s total assets in Singapore were approximately S$80.25 billion.