Maybank steadily building pan-Asean business
- Published: 21 Jan 2013 at 14.02
- Newspaper section: Asia focus
As the landscape of Asean’s financial sector changes, Malayan Banking Bhd (Maybank), Malaysia’s largest commercial bank, hopes to have a greater presence in the region in the years ahead.
Asean’s third largest commercial bank (tied with UOB) in terms of asset size, Maybank is now gearing its resources toward having a pan-Asean footprint when the Asean Economic Community (AEC) is formed in late 2015.
"When we talk about Asean, we think of a group of 600 million people, a region with nearly $2 trillion in GDP, and a region that is growing at about 5-6% annually," CEO Abdul Wahid bin Omar said in an interview with Asia Focus in Bangkok last week.
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