NAME PAVITRA A/P SUPPARAMANIAM

PROGRAM DIPLOMA IN BUSINESS

STUDENT ID DBM 0222001

BATCH DBM 1A

SUBJECT INTRODUCTION TO BUSINESS

LETURER’S NAME MISS NAWEE

Table of content
BACKGROUND OF THE COMPANY
Malayan Banking Berhad is the holding company overseeing Malaysia's largest
bank, Maybank and a range of financial sector subsidiaries. Maybank offers a full
range of commercials, corporate, and private banking services, with a network of
more than 450 branch offices and more than 2,500 ATM machines. Maybank, as the
group as a whole is more commonly known, has also built a strong position in the
regional market. The company operates more than 20 branches in Singapore and
the Philippines and also has a banking presence in most of the other Southeast
Asian markets, including Brunei, Papua New Guinea, Indonesia, and Vietnam. The
bank also operates branches in New York and London. Maybank was the first
Malaysian bank granted the right to establish a branch office in China, a particularly
important market given the large and economically powerful ethnic Chinese
population in Malaysia. In addition to its commercial banking network, Maybank
operates a number of specialized subsidiaries in the insurance, investment banking
and assets management, and finance sectors. The group's subsidiaries include
Mayban General Assurance, Mayban Life Assurance, and Mayban Takaful, the latter
focusing on developing insurance products compatible with Moslem law; the Aseam
group, including Aseam Credit, Aseamlease, Aseam Unit Trust, and Aseambankers
Malaysia Bhd; Mayban International Trust, Mayban Discount, and Mayban
Investment Management; and Maybe Securities. Maybank was founded by
Malaysian business tycoon Khoo Tech Puat, who died in 2004. The company has
been led, however, for some two decades by President and CEO Amirsham A. Aziz.
The largest Malaysian bank, Maybank boasted total assets worth $47 billion in 2004,
placing it among the top 120 banks worldwide. Malayan Banking is listed on the
Kuala Lumpur Stock Exchange.

1960s Origins

Khoo Teck Puat was born in 1918 into a wealthy Malaysia family of Chinese
descent. Khoo's father, Khoo Yang Thin, had founded a trading business and also
built up a portfolio of plantations and agricultural properties. The elder Khoo also
became an important investor in a number of early Malaysian banking ventures,
particularly among Malaysia's Hokkein, or ethnic Chinese community. When a
number of Hokkein banks merged to form the Overseas Chinese Banking
Corporation (OCBC) in 1933, the elder Khoo became one of its major
shareholders.Khoo Teck Puat went to work for OCBC, starting his career as a simple
bank clerk. By the 1950s, Khoo had risen to a position of senior executive. By the
end of the decade, however, Khoo recognized that his prospects at OCBC remained
limited. Given the lack of further advancement open to him at OCBC, as well as what
he considered the company's narrow perspective on its future, Khoo decided to set
up his own bank and applied for a banking license. That license was granted to Khoo
and a number of other OCBC executives who left the bank to form Malayan Banking
Berhad in 1960.Malayan Banking, which quickly became more commonly known as
Maybank, was credited with becoming a founding force in the creation of a consumer
banking industry in Malaysia. 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. Maybank's growth was such that
for an extended period the bank added more than 20 branches per year.Early on,
Maybank had already sought to extend its operations to include a wider array of
financial services. The company established Mayban Trustees Bhd (MTB) in 1964 in
order to provide a range of trustee products and services. MTB's operations grew to
include trustee services for unit trust funds, loan stock and bond, corporate staff
retirement and related funds, as well as executor and trust services for individuals
and private estates.In 1973, Maybank extended again, forming its own investment
banking subsidiary, Aseambankers Malaysia Berhad, which stood for Asian & Euro-
American Merchant Banking (Malaysia) Berhad. Two years later, Aseambankers
expanded its own range of business through the establishment of a joint venture,
Kota Discount Berhad, in partnership with a group of Kuala Lumpur-based investors.
Maybank itself acquired a majority stake in Kota in 1986. Kota's name then changed
to Mayban Discount Berhad in 1989. In the meantime, Maybank's success enabled
Khoo himself to emerge as one of Malaysia's wealthiest tycoons, with a fortune
estimated at more than $5 billion by the time of his death in 2004. By the early
1980s, Khoo's interests had extended into the hotel market. The company's portfolio
included many of Malaysia's most prominent hotels, including the Goodwood Park
Hotel and the Ming Court Hotel. As in banking, Khoo's active interest in the hotel
sector helped establish Malaysia as a prominent tourist destination.

 https://www.referenceforbusiness.com/history2/41/Malayan-Banking-
Berhad.html#ixzz7WFHdC720

ANALYSIS OF MAYBANK