Top 10 Banks in Malaysia {Latest}

The Malaysian banking sector consists of 27 commercial banks including 19 foreign authorized banks), 11 investment banks, 18 Islamic banks, and non-bank financial institutions. Here are the top 10 banks in Malaysia.

 1. Maybank: founded in 1960.

2. CIMB: founded in 2006.

3. Public Bank Berhad: founded in 1966.

4. RHB Bank: founded in 1913.

5. HLB Bank: founded in 1905.

6. BOC Bank: founded in 1939.

7. CitiBank: founded in 1994.

8. HSBC Bank: founded in  1884.

9. UOB: founded in 1993.

10. SCB: founded in 1875.

        Maybank: Maybank is a male-dominated international bank in the 1960s.With each of the 58 countries represented in the post-industrial banks, it is one of the leading countries in the Asian judiciary, the first country in the world is one of the ASEAN countries, and in other countries, it is the largest bank in Malaysia. Maybank also provides financial services to commercial banking, insurance, investment, investment management, investment, mobile banking, and investment services. Ang Maybank and its all-round investment company now have a net profit of 7.52 billion RMB and a total capitalization of the next 100 billion RMB – the first company in Bursi and Malaysia which has a three-year budget. Maybank has a total of 2400 companies in 20 countries, including 10 ASEAN countries.

       CIMB: CIMB is a Malaysian universal bank that was founded in January 2006. CIMB operates in 851 retail branches across 15 countries now. In 2020, the bank has reported an RM506 billion total big assets, RM4.5 billion net profit, and an operating income of RM18 billion. Among its many awards achieve, CIMB was recently awarded as the Best Bank in Indonesia and Malaysia by Asia Money and the Best Retail Bank by the Asian Banker.CIMB offers a wide range of customer financial services such as loans and deposits, personal financing, credit card system, wealth management, investments, remittance, and foreign exchange. Among its many products and services, its main growth drivers in the past year included huge wealth management, investments, credit cards, auto loans.

       Public Bank Berhad: PBB is the largest premier banking in Malaysia founded in 1966 by Dr. Teh Hong Piow. PBB offers a huge range of financial products and services such as personal/commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, online business, sale, and management of their unit trust funds, bancassurance, and general insurance products. In its 2017 financial report, PBB reported a RM 395B total big assets and a pre-tax profit. PBB has 259 branches and more than 2,000 self-service terminals all over Malaysia, 79 branches in Hong Kong, 4 in China, 30 in Cambodia, 13 in Vietnam, 4 branches in Laos, and 3 branches in Sri Lanka. This 2018, PBB is set to open more branches, particularly in Vietnam. Moreover, Public Bank will continue to its investment in technology to improve its digital online banking platform to enhance the customer interface and deliver innovative functionalities, especially in the digital payment channels and cash management solutions.

      RHB Bank: RHB is a multinational financial services provider in Malaysia that offers commercial banking and finance-related business, Islamic banking, investment banking, stockbroking, leasing, offshore banking, offshore trust services, property investment, general insurance, trust management, asset management, nominee and custodian services. For the past year, RHB has reaped a total profit after tax of RM2 billion, RM20.1B market capitalization, and RM230.2B total assets. The bank has 254 branches and over 1830 self-service terminals in Malaysia and over 330 branches and offices across ASEAN, Hong Kong, and also China. Among its many awards, RHB received the award “DIGITAL BANKING INITIATIVE OF THE YEAR” from the Asian Banking & Finance Retail Banking Awards 2017. This year, one of RHB’s plans is to set up an app catering mortgage repayment and SME loans that could boost. the bank’s loan growth.

     HLB Bank: HLB is a financial services company that was established in 1905 in Malaysia. It offers its customers comprehensive financial services such as business and corporate banking, trade finance, treasury, online banking, branch and transaction banking, wealth management, investment banking as well as Islamic financial services. In the past year, HLB has reaped an RM4.5B total income (highest level attained in past 5 years) its total assets of RM195B, a 22% growth in its Operating Profit (Highest operating profit achieved since the merger; and an Rm2.7B profit Clearly, HLB performed admirably in the previous year. The bank now has 285 branches in Malaysia, one branch each in Singapore and Hong Kong, three branches and one transaction office in Vietnam, five branches in Cambodia, and a representative office in Nanjing This year, HLB plans to boost the growth of its loan by expanding into key sectors such as the healthcare industry, manufacturing, wholesale and retail trade, construction and selective contract financing projects.

     BOC Bank: BOC is the largest bank in the world with total assets of CNY19 trillion as of 2017. In 1939, BOC established its first branch in Malaysia – now it has 8 branches in the country. As the Bank of China extends its influence in ASEAN, BOC finds great potential in Malaysia that it plans to be a mainstream bank in the country. In January 2018, it opened another branch in Melaka and the Chinese Ambassador to Malaysia Bai Tian stated that this new branch will attract customers more investment from China.

     CitiBank: CitiBank is one of the best banks in the world now. In 1994, it has locally compounded its first branch in Malaysia. Citibank is a licensed commercial bank in Malaysia now with over 11 branches and over 11,000 MEPS (Malaysian Electronic Payment System) ATMs in 2000 locations over the country. Citibank offers a large range of financial products and services such as loans, deposits, wealth management, Islamic banking, and round-the-clock insurance coverage.

      HSBC Bank: HSBC was one of the former foreign-owned banks established in Malaysia. In 1884, it opened its 1st office in the country on the island of Penang. Over the years, HSBC has developed its network in the country and now has more than 60 branches beyond Malaysia. HSBC Bank Malaysia offers personal financial services, Commercial Banking, Global Banking and Markets, Takaful (Islamic insurance), online banking, and Islamic financial solutions. For 6 consecutive years, HSBC was recognized as the Best Foreign Bank in Malaysia by Finance Asia and the Best Consumer Digital Bank in Malaysia by Global Finance.

     UOB: UOB is a Singaporean multinational banking organization that was contained in 1993 in Malaysia. UOB now has 45 branches in the country and has become the big foreign bank in asset size in Malaysia. UOB Malaysia offers many financial products and services such as commercial lending, investment banking, treasury services, trade services, custody services, cash management, home loans, credit cards, wealth management, online banking, and bancassurance products. In 2017, it accept the award “Best International Bank” by Asiamoney and the “Best Cash Management Solution in Malaysia” by The Asset Triple-A.

     SCB: SCB is a British multinational banking and financial services company. As early as 1875, SCB extends its first branch at Beach Street, Penang. The bank offers savings accounts and deposits, credit cards, loans and mortgages, investments online banking and insurances, as well as Islamic Banking. Among its many changes in Malaysia, Statistics Sweden is the first bank to offer to ensure wealth lending in foreign currencies, as well as banking through video, audio, and chat for the personal and priority banking segments.