Maybank Singapore

Did you know?

Maybank is the first bank in Singapore to have achieved all 4 certifications given by SPRING Singapore. These certifications include:

  • Singapore Quality Class Star
  • Singapore Service Class
  • At an enterprise level,
  • People Developer and Singapore Innovation Class

Maybank’s Founding Story

Maybank is the fourth largest bank in terms of assets in South East Asia and also one of the leading banking sectors in Asia.

Established in 1960, Maybank today is the largest company in Bursa Malaysia with respect to market capitalisation. Among the listed Malaysian companies, Maybank currently holds the No.1 position and has also been listed among the 500 top companies under Forbes Global 2,000 leading companies. It also holds the No.1 rank among Malaysian banks by the UK’s Banker Magazine.

Maybank offers consumer, investment, corporate and Islamic banking products and services in addition to insurance, asset management, stock broking, and takaful.

History of Maybank in Singapore

In Singapore, Maybank is a Qualifying Full Bank (QFB) and is the group’s largest overseas operations. The first branch in Singapore was opened at South Bridge Road in 1960. Maybank was recognised by the Monetary Authority of Singapore as a domestic systemically important bank (D-SIBs) among 7 most important local and foreign banks that impact Singapore’s financial system as well as the economy, significantly.

In Singapore, the bank has 27 service locations and 200 ATMs under its partnership with the atm5 - a shared ATM network comprising 6 QFBs.

Global Footprints

Maybank has an international presence with more than 2,200 branches with offices in 20 countries. It has a customer base of more than 22 million and an employee base of 46,000. The total assets of the bank is more than US$150 billion and in terms of assets, it is fourth largest bank in Southeast Asia. It is also currently among Southeast Asia’s top 5 banks.

Performance of Maybank in Singapore

Maybank always follows the thumb rule of people-first emphasising on their employees as their best assets. They possess about 1,800 employees across all their branches. As of 31 December 2017, the Group’s total assets stood at RM765.3 billion.

Here is the bank’s performance in Singapore for FY17:

  • The Maybank Group’s Singapore operations noticed a loans growth of 4.3%.
  • The Current Account & Savings Account (CASA) ratio increased from 36% to 37.3% (for the Maybank Group), where deposits in Singapore operations grew by 3.8%.
  • Group Global Banking’s net operating income increased steadily. The net fund based income in Singapore grew by 2.6% Y-o-Y.
  • By December 2017, Maybank’s total assets reached a value of S$65.8 billion.

Maybank’s Product Portfolio in Singapore

Personal Banking

  • Investments
    • Maybank Research
    • Securities Trading
    • Wealth-Advisory
      • Integrated Advisory Solution
      • Guide to Investing in Specified Investment Products
    • Product Risk Rating
    • Dual Currency Investment
    • Structured Deposit
    • Unit Trusts  
      • Maybank Investment Funds
      • Regular Subscription Plan
      • Fund Houses
  • CreditAble & Loans
    • Personal line of credit
      • CreditAble
      • CreditAble Term Loan
      • CreditAble Fund Transfer
    • Car loan
    • Personal credit
      • Banker’s Guarantee
      • Education Loan
      • Home Renovation loan
    • Property Loans
      • Commercial & Industrial Property Loan
      • Overseas Property Loan
      • Home Loans
        • Maybank HDB Home Loans
        • Maybank Private Property Home Loans
  • Insurance
    • Critical Illness
      • EverCritical Care
    • Dental
      • EverDental
    • Endowment
      • eSAVE assure 5 presto
      • eSAVE flexi
    • Home Insurance
      • EverHomeCare Enhanced
      • MaxiHome Contents Plus Insurance
    • Hospitalisation
      • EverFree
    • Motor
      • Motor Insurance
    • Personal Accident
      • AutoCare
      • EverEase
      • EverFamily Choice
      • EverGreen Enhanced
      • EverGrowth
      • EverSafe
      • EverSound
      • EverVital
      • Youngstarz Enhanced
    • Travel insurance
      • Travelcare Plus
      • Enhanced EverTravel
    • Whole Life
      • ePREMIER treasures
      • ePREMIER legacy III
  • Cards
    • Credit cards
      • Maybank Horizon Visa Signature Card
      • Maybank Visa Infinite Card
      • Maybank World MasterCard
      • Maybank Family & Friends Card
      • Maybank Platinum Visa Card
      • Maybank eVibes Card - The Student Card
      • Maybank DUO Platinum MasterCard
      • Maybank Manchester United Platinum Visa Card
      • Maybank FC Barcelona Visa Signature Card
      • Maybank Catholic High Alumni Platinum Associates Card
      • Maybank Business Platinum MasterCard
    • Debit cards
      • Maybank Platinum Debit Card
      • Maybank Manchester United Platinum Visa Debit Card
    • Supplementary card
  • Deposits and Banking
    • Current
      • Foreign Currency Current Account
      • PremierOne Current Account
    • Savings
      • SaveUp Account
      • iSAVvy Savings Account
      • iSAVvy Savings Plus Account
      • Youngstarz Account
      • Passbook Savings Account
      • Privilege Plus Savings Account
    • Time deposits
      • Singapore Dollar Privilege Plus Time Deposit
      • Singapore Dollar Time Deposit
      • iSAVvy Time Deposit
      • iSAVvy Foreign Currency Time Deposit
      • Foreign Currency Time Deposit
    • Islamic deposits
      • Savings Account-i
      • iSAVvy Savings Account-i
      • Ar Rihla Regular Savings Account-i
      • PremierOne Account-i
      • Foreign Currency Current Account-i
      • Singapore Dollar Term Deposit-i
      • Foreign Currency Term Deposit-i

Awards

  • Maybank received the Champions of Good Award which was presented by National Volunteer & Philanthropy Centre in the year 2017.
  • Again in 2017 Maybank received awards at the 27th Private Banker International (PBI) in the following categories:
    • Winner: Outstanding Private Bank for growth strategy – Organic
    • Highly Commended: Outstanding Private Bank - Southeast Asia
    • Winner: Most Innovative Business Model
    • Winner: Outstanding Wealth Management Technology Initiative - Back Office
  • Maybank won the People's Association Community Spirits Awards 2017 and Partners of the CDC – Excellence. Maybank had received this award for consecutive 7 years.
  • Maybank got the Excellent Service Award – 2017, where there were 216 winners.
  • Maybank has also won the Her World Nuyou Credit Card Awards 2017 for:
    • Best Golf Card - Maybank World MasterCard.
    • Best Air Miles Card - Maybank Horizon Visa Signature Card.
  • Maybank received the Asset Triple A Islamic Finance Awards 2017:
    • Bank of the Year, Singapore.
    • Bank of the Year, Asia-Pacific.
    • Best Islamic Deal, Singapore.
    • Best Retail Bank, Singapore.
  • Maybank was named Singapore's Best Islamic Financial Institution 2017 by Global Finance.
  • Maybank won the Customer Satisfaction Index of Singapore (CSISG) 2016 as the Top Scoring Foreign Bank.
  • Maybank won at the Asia Recruitment Awards in 2016 in the following categories:
    • Best Candidate Experience - Bronze
    • Best Recruitment Innovation – Bronze
    • Best Diversity and Inclusion Strategy – Silver
    • Best Use of Digital Media - Gold

Social Responsibility and Sustainability Initiatives

The Maybank Central Singapore C.A.S.HUP Programme

This programme helps low-income families increase their savings by offering dollar-for-dollar matching up to S$1,000 for a tenure of 9 months. Additionally, these families are also offered a financial literacy workshop where that teaches and encourages them to manage their finances better.

The Maybank Breadwinner Protection Programme

To offer financial security to breadwinners of low-income families who work at jobs carrying higher risk of accidents , the bank offers free Personal Accident Insurance for a period of 5 years. This programme also offers the dependants a payout of up to S$50,000 in case of personal accident.

Sponsor of Youth Bank by Maybank

The bank sponsors the Youth Bank of Maybank (Heartware Network initiative) which offers disadvantaged youths of Singapore with access to equal opportunities that will help them achieve their full potential. It currently offers the following aids:

  • Maybank Get-to-School Transport Grant - This encourages students from low-income families to focus on studies by taking care of their transport to school.
  • Heartware Character & Citizenship Education (CCE) Leadership Programme - Students who are less academically inclined are given the opportunity to develop their leadership skills.
  • Tuition Programme (Heartware Network) - Junior college students volunteer to tutor students from low-income families.

Maybank in the News

TREATS SG Lifestyle App Launch

Maybank launches a TREATS SG Lifestyle App in order to facilitate instant rewards redemption through this app. This app enables you to redeem your rewards immediately in the form of an e-coupon wallet. You will also get notification about latest promotions, flash deals, and other privileges. You can check the Rewards Catalogue in "Maybank TREATS SG Lifestyle" app and utilise the TREATS Points anytime to redeem for your favourite products. You can try the scoring goals in "Maybank Football Fan" gamification. Maybank partnered with Manchester United Football Club and introduced the "Maybank Football Fan" gamification.

4 July 2018


Partnership With Nanyang Technological University Leads to Setting Up of Wealth Management Academy

In partnership with Nanyang Technological University in Singapore, Maybank has set up a Wealth Management Academy (WMA). This academy has been set up to boost the wealth management personnel at Maybank. Maybank WMA is the first of its kind to be introduced by a Malaysian bank with a regional wealth management curriculum. This curriculum is targeted to have sales staff of about 1,200, managers and wealth specialists across Maybank’s 3 major segments of Privilege, Premier, and Private Wealth across 8 major global markets. The 8 major markets of Maybank include Singapore, Malaysia, Indonesia, Hong Kong, Philippines, Cambodia, London and Brunei. The official launch of WMA was in Kuala Lumpur, where Maybank Group Chief Human Capital Officer and the Chief Executive Officer of the Wealth Management Institute (WMI) of Nanyang Technological University Singapore, were present.

25 June 2018


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