Global Finance Magazine Names Maybank As One of World’s Top Banks

Malayan Banking Bhd or known Maybank has been named as one of the world’s best banks pitting this homegrown brand with the best in the region.

The inclusion of Maybank into the list, allowed the Malaysian bank to join their APAC counterparts such as Australia’s Commonwealth Bank, China’s ICBS, Indonesia’s Bank Mandiri, Singapore’s DBS and South Korea’s Hana Bank.

The inclusion of Maybank into the list by the Global Finance magazine was down to Maybank’s steady performance rooting on “ample capital buffers, a low cost of credit, funded largely by deposits and willingness to meet the challenges of digitisation”.

“Banks in APAC are well positioned and we believe that after the (Covid-19) crisis, most highly rated banks in Asia will return to profitability and continue to merit high ratings.”

The listing, however, was not the only accolade Maybank has received thus far, with the bank entering its sixth successive A rating by MSCI ESG Research.

What would this all mean for the consumers? According to Forbes, the world’s best banks are often rated on general satisfaction and key attributes like trust, fees, digital services and financial advice it can give to its clients.

With the world facing much uncertainty courtesy of the major disruption to our lives due to the coronavirus pandemic, it is good to know that we too now have an internationally renowned financial house we can rely on for stability in these trying times. 

Also read: M’sian Finance Minister Urges Banks To Offer Interest-Free Moratorium