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On 12 September 1960, we opened our doors for the very first time, occupying a corner shop in Jalan H S Lee (or High Street as it was known then). We were the first homegrown bank to serve Malaysian society. In the year that followed, Malaysia’s first local bank began to bloom across Southeast Asia, starting on Singaporean and Bruneian soil.
1960 – Maybank is incorporated on 31 May and begins operations in Kuala Lumpur on 12 September. Malayan Finance Corporation (later Maybank Finance) is established, the first wholly bank-owned finance company. Maybank’s first overseas branch opens in Brunei on 28 November. [7] Branches are also opened in Singapore.
- 31 May 1960; 63 years ago
- RM51.03 billion, (US$11.59 billion) (2021)
- Over 43,000
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19 60. Maybank is incorporated on 31 May and begins operations at Mansion House in High Street in the heart of Kuala Lumpur on 12 September. Establishes Malayan Finance Corporation (later Mayban Finance), the first wholly bank-owned finance company. Opens first overseas branch in Brunei Darussalam.
Feb 3, 2014 · HISTORY. Maybank was incorporated and began operations in Kuala Lumpur in 1960, occupying a corner shop in Jalan H S Lee (or High Street as it was known then). It was the nation’s first local bank to serve Malaysian society. In 1962, the company was listed on the Kuala Lumpur Stock Exchange.
The country's independence following World War II, along with its swift economic growth into the 1960s, created a small but growing middle class. Maybank recognized the potential for this new market and instituted a rapid growth phase through the 1960s and 1970s.
Sep 10, 2020 · News. Maybank at 60, reflecting the past, planning the future. Thursday, September 10th, 2020 at Business | News. by BERNAMA / pic by BERNAMA. WHEN Maybank first opened its doors 60 years ago on Sept 12, 1960 with its first iconic branch in Jalan H.S Lee, the nation was at a crossroad.
1997 Beginnings. Maybank acquires 60% stake in PNB Republic Bank and renames the bank Maybank Philippines, Inc. (MPI). 2000 Ownership. Maybank increased its ownership stake in Maybank Philippines Inc. (MPI) to 99.86%, making it the first locally-incorporated, full-service commercial bank duly-licensed by the BSP to be almost 100% owned by a foreign bank.
