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Maybank To Achieve RM22 Bln In Mobile Apps Transactions This Year

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KUALA LUMPUR — Malayan Banking Bhd (Maybank) is on track to achieve RM22 billion transactions value via mobile applications (apps) this year leveraging on thenew enhance features launched in March this year. Group Chief Technology Officer, Mohd Suhail Amar Suresh, said in 2016, the group saw about 467.7 million transactions done via mobile valued at…

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Megat Zaharuddin Stepping Down As Maybank Chairman

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KUALA LUMPUR: The chairman of Malayan Banking Bhd (Maybank) Tan Sri Megat Zaharuddin Megat Mohd will be stepping down with effect from March 31, 2017 after about 12 years with the board. Maybank said on Thursday Datuk Mohaiyani Shamsudin, who has been on the board since August 2011, will succeed him as chairman. He has…

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Datin Paduka Jamiah Appointed To Maybank Board

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KUALA LUMPUR: Maybank Group has announced the appointment of Datin Paduka Jamiah Abdul Hamid as a Non-Executive Director. Datin Paduka Jamiah, 61, who has over 30 years of experience in the corporate world, is the third female director currently on the Maybank Board, the group said in a statement on Tuesday. She has held various…

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Old Debit Cards Can Still Be Used For ATM Withdrawals

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PETALING JAYA: Signature-based debit cards that have not been replaced with the PIN-enabled ones will still work for cash withdrawals at ATMs. These cardholders, however, should change it to the new ones to enable transactions at point of sale (POS) terminals. The Association of Banks in Malaysia (ABM) said there were two types of debit…

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Maybank Makes Top Management Changes

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PETALING JAYA: Malayan Banking Bhd (Maybank) president & chief executive officer Datuk Abdul Farid Alias is putting his top management on a rotation of job portfolios effective July 1. Datuk Muzaffar Hisham (pic), currently the group head of Islamic banking and CEO of Maybank Islamic, has been appointed group head of global banking; Datuk Mohamad…

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Maybank 1QFY16 Pre-tax Profit At RM1.93 Billion

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KUALA LUMPUR: Malayan Banking Bhd (Maybank) has posted a lower pre-tax profit of RM1.93 billion for the first quarter ended March 31, 2016 compared with RM2.24 billion reported in the previous corresponding quarter. In a statement, the banking group said net profit for the period amounted to RM1.43 billion compared with RM1.70 billion in the…

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Maybank ATM Services And Website Affected This Weekend

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PETALING JAYA: Several Maybank services including the withdrawal of money from ATMs and access to its website will not be available at various times this Saturday and Sunday due to an annual bank-wide system maintenance exercise. For example, its ATM services will not be available from 12am-7am while Maybank2u.com will not be accessible from 3am-7am.…

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Maybank Outlines 5 Strategies To Be Asean Leader

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KUALA LUMPUR: Malayan Banking Bhd (Maybank) has outlined five strategic objectives for the group to unlock potential within Asean and become the region’s leading financial services provider. Maybank, which has a presence in every Asean country, said it recognised the “significant potential” within the region, arising from its growing middle-class, young population, SME segments as…

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Maybank Ib Research Makes ‘Buy’ Rating Call On Top Glove

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KUALA LUMPUR: Maybank Investment Bank Research has made a “buy” rating recommendation for Top Glove Corp Bhd, as the company proposes a secondary listing on the Singapore Exchange (SGX). In a note today, the research house said Top Glove had proposed to undertake a secondary listing of its existing entire issued and paid-up share capital…

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Maybank Withdraws Sponsorship For MMO 2016

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KUALA LUMPUR – The Malaysian Golf Association (MGA) announced that Maybank, unilaterally withdrew its title sponsorship for the 2016 Malaysian Open, a prestigious and long standing professional golf event in Asia. Its president Tan Sri Mohd Anwar Mohd Nor said Maybank, citing they were not satisfied with explanations given to important issues raised by them…

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Maybank Ageas Aims Equal Contribution From Takaful, General Insurance

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KUALA LUMPUR: Maybank Ageas Holdings Bhd, the parent company of Etiqa Insurance Bhd and Etiqa Takaful Bhd, aims to equalise the contribution from its general insurance business and that of life insurance and family takaful for the financial year ending Dec 31, 2015. The target would be supported by the company’s new distribution channels and…

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Maybank Loses Defamation Suit Against NUBE

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KUALA LUMPUR – Malayan Banking Berhad (Maybank) has lost its suit against the National Union of Bank Employees (NUBE) and its general secretary J. Sandagran Solomon over alleged defamatory statements on the company published on the NUBE website. High Court Judge Datuk Hue Siew Kheng, when dismissing the suit last Wednesday, said the trade union…

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Asian Favourite Thongchai Eyes Third Maybank Malaysian Open Title

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KUALA LUMPUR – Three-time Asian Tour order of merit winner Thongchai Jaidee of Thailand will spearhead the 2015 Maybank Malaysian Open cast from Feb 5 to 8, scheduled at the Kuala Lumpur Golf and Country Club (KLGCC), here. According to the organiser, a favorite with the Malaysian crowd, Thongchai would have many supporters urging him…

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Maybank Nets RM1.61bil. In Q3

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KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) net profit eased eight per cent to RM1.61 billion in the third quarter to September 30 from RM1.7 billion a year ago, dragged down by its insurance and takaful divisions. Group revenue, however, rose eight per cent higher to RM8.93 billion from RM8.28 billion in the same quarter last…

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