Maybank Philippines, Inc.
Maybank Philippines is part of the Maybank Group, a regional financial services leader with presence in 20 countries worldwide, including all ASEAN members. Named the 13th Strongest Bank in the World by Bloomberg Markets for 2012, Maybank is backed by assets of over RM560.4 billion as of 2013, and an international network of over 2,200 offices serving more than 22 million customers worldwide. The Banker Magazine named Maybank as the 95th largest bank in its list of Top 1000 banks for 2013.
A result of the acquisition of Malayan Banking Berhad of a majority stake in PNB Republic Bank, Maybank Philippines, Inc. (MPI) is a full-service commercial bank, serving retail, commercial, and corporate clients.
MPI offers an array of financial services and products that include lending (personal and salary loans, commercial loans, corporate loans), deposit-taking, electronic banking, credit card, cash management services, remittances, trust and fiduciary accounts, treasury products and services, and pre-need plans. In November 1997, Malayan Banking Berhad (Maybank)–Malaysia’s largest lender in terms of assets– purchased a 60% stake in PNB Republic Bank under the Foreign Bank Liberalization Act or Republic Act No. 7721. Being a majority shareholder in the bank, Maybank took over PNB Republic Bank’s management and renamed it Maybank Philippines, Inc. that same year. Three years after, Maybank hiked its stake to 99.96% in MPI, making it the first foreign financial institution to have almost 100% ownership in a Philippine commercial bank.
MPI has grown organically, expanding throughout the country. The bank is present in all the three major islands of the Philippines. It has 79 branches, of which 30 are in Metro Manila and the rest are strategically located in key cities in Luzon, Visayas, and Mindanao. MPI has 93 offsite and on-site ATMs nationwide.
Despite MPI’s modest presence in the Philippines, the bank has primed itself for providing exceptional service to its clients. MPI has sought various ways to live by its mission of humanising financial services, the bank’s key differentiator against other financial institutions.
Membership Type: Regular
Address: Maybank Corporate Centre
7th Avenue corner 28th Street
Bonifacio High Street Central
Bonifacio Global City, 1634 Taguig City
Metro Manila Philippines
Contact: Trunkline: (+632) 588 - 3777
Website: Maybank Philippines, Inc.