MyBank

MyBank is a leading financial institution in the United States, offering a range of banking services and products to individuals, businesses, and institutions.

Maybank was founded by Singaporean business tycoon Tan Sri Khoo Teck Puat & Oei Tjong Ie. The company was led by President and CEO Tan Sri Amirsham Abdul Aziz from 1994 until March 2008 after which he was appointed Minister in the Prime Minister's Department in-charge of the Economic Planning Unit, a post he held until April 2009. Tan Sri Abdul Wahid Omar was President & CEO of Maybank Group from May 2008 to June 2013. On 1 May 2022, Dato' Khairussaleh Ramli was appointed as President & CEO of Maybank Group.

Timeline

1960 – Maybank is incorporated on 31 May and begins operations in Kuala Lumpur on 12 September. Malayan Finance Corporation is established, the first wholly bank-owned finance company. Maybank’s first overseas branch opens in Brunei on 28 November. Branches are also opened in Singapore.

1962 – Listed on the Kuala Lumpur Stock Exchange. Hong Kong and London branches opened.

1973 – Forms own investment banking arm, Aseambankers Malaysia Berhad Berhad)

1977 – Mayban-Phoenix Assurance Bhd is incorporated offering underwriting general insurance risks. Mayban-Phoenix Assurance was renamed Mayban Assurance in 1986

1984 – New York branch opened

1990 – Set up new operations in the Federal Territory of Labuan

1992 – Mayban Securities formed.

1993 – Maybank Ventures begins operations in February. In September, Aseam Leasing and Credit Bhd are incorporated, offering leasing and hire purchase activities. Opens representative office in Beijing, People’s Republic of China

1994 – Entered a joint-venture with PT Bank Nusa Nasional , bringing the Maybank name to the Indonesian market. A branch is opened in Phnom Penh, Cambodia

1995 – Maybank Ltd. opens in Port Moresby and Lae

1996 – Hanoi branch and a representative office in Ho Chi Minh City are officially opened. Maybank Bankassurans launched, offering insurance products to customers at bank branches. Kwong Yik Bank sold to Rashid Hussain Berhad in December

1997 – Acquired a 60% stake in PNB-Republic Bank of the Philippines and renamed it Maybank Philippines Inc

2000 – First Malaysia bank to open a branch in Shanghai, People’s Republic of China. Acquired Pacific Bank and the Phileo Allied Bank Bhd, and then merged in 2001

2001 – Maybank and Fortis International NV collaborate to set up Mayban Fortis Holdings Bhd in a 70:30 partnership. All Maybank’s insurance companies are grouped under Mayban Fortis Holdings Bhd

2002 – Mayban Takaful Bhd commences operations, the first Takaful company owned by a conventional bank in Malaysia. First Malaysia bank to operate in Bahrain

2005 – Acquired Malaysia National Insurance Bhd and its subsidiary, Takaful Nasional Sdn Bhd

2006 – Maybank acquired American Express' card business in Malaysia

2007 – Launched Etiqa, the new brand name for Maybank’s conventional and takaful businesses under Mayban Fortis Holdings Bhd

2008 – Islamic banking subsidiary, Maybank Islamic Berhad, established. Acquires stakes in An Binh Bank , MCB Bank Ltd of Pakistan and Bank Internasional Indonesia

2009 – Renamed Aseambankers to Maybank Investment Bank. Completed a RM6 billion rights issue – the largest in Malaysian corporate history

2010 – Introduced a Dividend Reinvestment Plan, the first public listed company in Malaysia to do so

2011 – Acquired Kim Eng Holdings Limited, making it its subsidiary

2012 - First branch in Laos opened, completing the Group’s footprint in all 10 ASEAN nations

2015 - Exited Papua New Guinea with the sale of Maybank Limited and Mayban Property Limited to Kina Ventures Ltd.

MyBank's mission is to create an environment in which people feel empowered to make sound financial decisions, build secure financial lives, and contribute to a robust and growing economy.

MyBank envisions a world where everyone has access to financial services and a secure financial future.