Malayan Banking Bhd (Maybank) has been called one of the strongest banks in the world by Global Finance news.
Maybank follows other Asian Pacific (APAC) peers such as Australia’s Commonwealth Bank, China’s ICBC, Indonesia’s Mandiri Bank, Singapore’s DBS and South Korea’s Hana Bank.
Global Finance said that APAC banks had produced steady success in a demanding external climate.
This was grounded in adequate liquidity reserves, small borrowing rates, large-scale funding of deposits rather than financial markets, and a desire to meet the demands of digitization through creativity.
This bodes well for the post-Covid-19 period, some market analysts say.
Moody’s Financial Institutions Group Hong Kong Managing Director Graeme Knowd said that APAC banks are well placed and we expect that, after the (Covid-19) crisis, most of Asia’s highly ranked banks should return to profitability and continue to receive high ratings.
They expect that the most highly ranked banks in Asia should return to profitability after the recession and continue to gain high ratings. Global Finance said Maybank had a footprint across Asean, China, the United States and the United Kingdom.
The bank provides traditional and Islamic financial facilities, including industrial and insurance services. In the meantime, Maybank Kim’s brokerage arm is involved in stock and debt underwriting, mergers and acquisitions, corporate financing and syndicated lending.
For the sixth consecutive year, Global Finance announced that Maybank was ranked A by MSCI ESG Analysis. This became the only Malaysian company to be listed in the Bloomberg Gender Equality Rankings in 2018 and 2019.
This is such an honor and positive result for the nation. Keep it up, Maybank!