History, Innovation &
Leadership
Maybank's key milestones since incorporation in 1960 demonstrate its
commitment to innovation and excellence, making it a leader in Southeast
Asia’s banking industry.
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 (later Bursa Malaysia).
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.
1976
- First to introduce mobile bus banking services.
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.
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 Southeast 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).
-
Maybank acquires a 60% stake in PNB-Republic Bank of the
Philippines, and renames it Maybank Philippines Inc.