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MaybankMalayan Banking Bhd
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Maybank Group President & CEO, Datuk Abdul Farid Alias said the recognition reflects the strong support from the Groups stakeholders as well as the significant equity the Maybank brand enjoys in the marketplace.
Asean continues to grow and has momentum,' said Maybank Kim Eng chief executive Dato John Chong Chong, adding that the momentum would be driven by trade recovery, rebound in commodity prices and improving global electronics demand.
Under this MOU, Maybank will be able to offer its clients complete collection and payment solutions, including Point of Sales (POS) machines, online payment solutions, ATM solutions and other professional services from its partnership with China UMS.
MARC has equalised the FI ratings of Maybank Islamic with that of its parent Malayan Banking Berhad (Maybank) on the basis of the bank's importance as Maybank group's Islamic banking arm, its contribution to Maybank group's profitability as well as the operational integration and shared branding between them.
The programme was arranged by Barclays Bank Plc, Maybank Investment Bank Bhd and Nomura International Plc and comes at a time when Malaysian businesses are rushing to sell bonds to expand or refinance debt.
The Philippine Stock Exchange index (PSEi) may end at 7,350 this year, Maybank ATR head of research Michael Bengson said in a briefing.
The event was part of the annual celebration of major Malaysian festivals organised by Maybank Group to spread festive joy to special segments of the community, especially those in need.
The CP Programme has been arranged by Maybank Kim Eng Securities Pte.
The financial institution ratings of Maybank Islamic reflect its strategic importance as the Islamic banking arm of Malayan Banking Berhad (Maybank, rated A/Stable/P1).
Basu joins Maybank from Daiwa Capital Markets where his last position was managing director and chief economist for Asia.
By combining Maybanks strong distribution network and customers in Indonesia with Allianzs globally trusted insurance expertise and best-in-class products, the partnership will deliver comprehensive life and health insurance solutions to more than 4 million Maybank customers.
Maybank launched its Yangon branch in Myanmar recently.