Maybank
Maybank is South East Asia's fourth-largest bank by assets which offers services and products on consumer and corporate banking, investment banking, Islamic banking, stockbroking, insurance and takaful and asset management.
See below for the Latest Maybank News, Analysis, Profit Results, Share Price Information, and Commentary.
Maybank Singapore unveils CPF time deposit for 2.9% per annum
Maybank Singapore unveils CPF time deposit for 2.9% per annum
They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.
Maybank Singapore appoints Alvin Lee as new CEO
Lee is currently head of group wealth management and community financial services.
Maybank opens Islamic wealth management hub in Singapore
It will offer end-to-end Islamic wealth solutions.
Maybank eases cross-border fund transfers between SG, Malaysia
The bank added over 50 DuitNow participating institutions where customers can send money over.
Inflation to ease further in 2H23, but sticky prices likely in 3Q23
In June, headline inflation dropped to 4.5%.
Singapore avoids recession due to growth in services sector
The Lion City is expected to post a 0.8% GDP increase this year.
Maybank Singapore to maintain capital, liquidity above regulatory waters: Moody's
The bank hopes to keep a low problem loan ratio of around 0.5%.
NODX decline likely to continue for a few more months
Experts predict that NODX will contract by -5.5% to -9% in 2023.
Singapore’s NETS boosts touchless payment options
Consumers can now use their Mastercard and Visa debit cards to make NETS contactless payments locally.
Boost from China reopening may skirt Singapore’s technical recession: analyst
Maybank said the possibility of a recession went up 30% from 22% in March 2008.
When will the manufacturing recession end?
February marked the fifth consecutive month of decline in industrial production.
SG likely to see ‘worst export performance’ since 2019
Experts expect full-year NODX to drop by 4% to 7% in 2023.
Maybank Singapore’s profit before tax doubles to S$655.92m in 2022
This was reportedly thanks to higher income and lower loan loss allowances.
Singapore could dodge recession in 2023: report
GDP growth slowed down to 3.6% in 2022.
Clearer ‘two–sided economy’ in Singapore expected in 2023: Maybank
Economic growth will likely decelerate to 1.5% next year.
Maybank’s net profit rises 28.5% to $658.5m YoY in Q3
The bank benefitted from Southeast Asia’s improving economic environment.
Perennial Holdings clinches S$3b green loan for 8 Shenton Way redevelopment
It is the world’s largest real estate green loan in Asia to date.
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