Maybank’s key overseas subsidiaries are PT Bank Internasional Indonesia Tbk, Maybank Philippines Incorporated, Maybank (Cambodia) Plc, Maybank (PNG) Ltd in Papua New Guinea and Maybank International (L) Ltd in the offshore centre of Labuan.
The major operating subsidiaries are Maybank Islamic Berhad, Maybank Investment Bank Berhad, Maybank Kim Eng Holdings Limited and Etiqa Insurance Berhad. Maybank has associate companies in Pakistan (through 20%-owned MCB Bank) and in Vietnam (through 20%-owned An Binh Bank).
Maybank Islamic Berhad is Maybank Group’s wholly-owned, full-fledged licensed Islamic bank. It is the leading provider of Islamic financial products and services in ASEAN. Maybank Islamic leverages on the Group’s infrastructure and network to offer end-to-end Shariah compliant financial solutions. Its portfolio of diversified products and services are available through a network of over 400 Maybank branches in Malaysia, as well as in Indonesia, Singapore, Hong Kong, London and Bahrain. It continues to be the domestic leader in overall market share for financing and deposits in 2014.
Maybank Syariah Indonesia
PT Bank Maybank Syariah Indonesia (Maybank Syariah) was established from the conversion of PT Bank Maybank Indocorp into an Islamic (syariah) commercial banking entity in 2010. Maybank Syariah aims to be a leading and preferred Shariah financial service provider in Indonesia and the region. Its business strategy focuses on corporate banking as well as advisory services.
The corporate and investment banking services mainly deal with bilateral, syndication and club deal financing for local and multinational corporations, particularly Indonesian and Malaysian entities, while the treasury services focuses on money market operations and foreign exchange trading covering the front office dealing functions as well as backroom settlement and support services.
Maybank Investment Bank Berhad is a wholly-owned subsidiary of Maybank. Maybank IB is the Malaysian investment banking operation of Maybank Kim Eng. It offers a complete range of investment banking products and solutions including corporate finance and advisory, strategic advisory, equity markets, stock broking, debt markets, derivatives and research.
Maybank Kim Eng Holdings Limited is a wholly-owned subsidiary of Maybank. Maybank Kim Eng comprises businesses stretching around the globe with offices in Singapore, Hong Kong, Thailand, Indonesia, the Philippines, India, Vietnam, Great Britain and the United States of America. It provides services in corporate finance, debt markets, equity capital markets, derivatives, retail and institutional securities broking and research.
Etiqa is the brand for Maybank Group’s Insurance and Takaful businesses, which offer all types and classes of Life and General conventional insurance policies as well as Family and General Takaful plans via our multi distribution channels. The conventional insurance are underwritten by Etiqa Insurance Berhad whilst the takaful coverage are provided by Etiqa Takaful Berhad. Takaful is an arrangement based on mutual assistance under which takaful participants agree to contribute to a common fund providing for mutual financial benefits payable to the takaful participants or their beneficiaries on the occurrence of pre-agreed events.
Etiqa features a strong agency force comprising over 15,000 agents, 31 branches throughout Malaysia, a wide Bancassurance distribution network with more than 400 Maybank branches and also third party banks; as well as co-operatives and brokers. Etiqa is one of the pioneers for direct sales through the internet with Motortakaful.com/Maybank2u online services.
Maybank Asset Management Group (“Maybank AM Group”) is one of the pioneers in the local asset management industry with over 30 years of experience. It comprises a holding company, Maybank Asset Management Group Berhad and six subsidiaries in four key ASEAN markets namely Malaysia, Singapore, Indonesia and Thailand. The subsidiaries are Maybank Asset Management Sdn Bhd, Maybank Asset Management Singapore Pte. Ltd., PT Maybank GMT Asset Management, Maybank Asset Management Thailand Co, Ltd, Maybank Islamic Asset Management Sdn. Bhd. and Maybank Private Equity Sdn. Bhd.
These entities provide a diverse range of Asian focused investment solutions for all types of investors such as corporations, institutions, pension funds, insurance, takaful companies and individual clients. The fund portfolio management services cater to products ranging from equity, fixed income to money market instruments through direct mandates, unit trust and wholesale funds. Maybank AM Group’s asset under management stood at RM15.2 billion as at 31 December 2014, with assets comprising of 57% conventional and 43% Shariah-compliant.
Maybank Singapore is a Qualifying Full Bank (QFB) with an approximate net asset size of SGD57 billion and staff strength of over 1,800. We have established significant presence in the retail and wholesale banking markets over the 5 decades of our history here. Today, we lead the market in providing customers with alternative financial solutions in the form of the widest suite of Islamic Banking products and services.
Our network of 27 service locations in Singapore is one of the largest among foreign banks. As part of the atm5 - Singapore’s only shared ATM network among 7 participating QFBs, we offer customers a combined reach of more than 200 ATMs, island-wide.
PT Bank Internasional Indonesia Tbk
PT Bank Internasional Indonesia Tbk (BII) is a subsidiary of Maybank. It is the ninth largest commercial bank by assets and is listed on the Indonesia Stock Exchange (Ticker: BNII). The Bank provides a full range of financial services for business, retail and global banking customers. As of 31 December 2014, BII’s network comprises 428 branches, including Syariah branches, two overseas branches in Mumbai and Mauritius and 1,530 ATMs including Cash Deposit Machines (CDMs). BII has total customer deposits of Rp102.5 trillion and Rp143.4 trillion in assets.
Maybank International (L) Ltd and Maybank International Labuan Branch
Maybank International Labuan Branch was setup in 2013, as an offshore branch. This is designated as the Group's Centre of Excellence for foreign currency credit and provides international banking services including foreign currency deposits and loans, trade financing, treasury services and Islamic banking solutions. This is in addition to Maybank International (L) Ltd which was incorporated in 1990 as a wholly-owned subsidiary of Maybank Group.
Maybank Greater China
Maybank Greater China comprises our presence in Hong Kong, Shanghai, Beijing, Kunming and Shenzhen. It provides wholesale banking and investment banking services to commercial and corporate clients in Hong Kong and China, and specialises in cross-border solutions to facilitate flows between Greater China and ASEAN.
Maybank Philippines Incorporated
Maybank Philippines Incorporated (MPI) is a full-service commercial bank providing both retail and wholesale banking services, offering a wide array of financial solutions geared towards the consumer market and selected segments of top-tier corporations in the Philippines. MPI is also involved in treasury operations, with an emphasis on money market operations and foreign exchange trading. MPI operates an extensive network of 79 branches nationwide.
Maybank Indochina Cluster
Maybank Indochina comprises our subsidiary in Cambodia, full fledge branches in Vietnam and Laos, and a representative office in Myanmar. We offer wholesale banking services to our commercial and corporate segments across our Indochina presence, and provide retail banking services in Cambodia and Laos.
Maybank (Cambodia) Plc
In April 2012, Maybank was locally incorporated to become Maybank (Cambodia) Plc., reflecting our long-term commitment to Cambodia and in line with our standing as a regional bank. It provides a full range of banking services for the consumer, SME and commercial and corporate segments through 21 branches across the nation.
MCB Bank is a 20%-owned associate company of Maybank. As a leading bank in Pakistan with more than 60 years of experience, MCB has played a pivotal role in representing the country on global platforms with a presence in Sri Lanka, Dubai, Bahrain, Azerbaijan and Hong Kong. It serves through a network of 1,242 branches including 27 Islamic banking branches within Pakistan and 9 branches outside the country. MCB has a large deposit base of Rs676 billion and total assets of Rs941 billion.
An Binh Bank is a 20%-owned associate company of Maybank. Founded in May 1993, An Binh Bank has transformed over the years from a rural bank to an urban bank offering a full range of commercial banking products and services. With 20 years under its belt, An Binh Bank has gained a firm foothold in Vietnam’s banking industry with a network of over 146 branches and subbranch offices located across 29 provinces nationwide.