RETAIL BANKING | Cesar Tordesillas, Indonesia
Published: 12 Apr 12

Maybank looking to bid for Philippine Islamic bank

Maybank may bid for Al Amanah Islamic Bank of the Philippines, who is looking to sell a 49% to 100% stake.


According to Philippine newspaper reports, Maybank announced that it is keeping its options open for the bid.

Al Amanah Islamic Bank is the Philippines' only Islamic commercial bank.

According to Maybank, its Islamic banking operations will focus on delivering innovative and globally accepted products and services that will differentiate it from other Islamic financial institutions.

Already operating a commercial bank in the Philippines, Maybank said that it wanted to expand further in the Asean region while strengthening its hold in the Asia-Pacific region.

“Riding on Maybank Group’s strong presence across Asean, including in the Philippines, and in line with Maybank Islamic’s

aspirations to further entrench our regional footprint, we are always open to opportunities in new markets,” said Maybank.

“We aim to grow our Islamic business in markets like Indonesia and Singapore as part of our focus on the Asean region," it added.

For more, click here.

Sign up for our newsletter


Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: bank acquisition, bank bid, bank stake, Islamic bank, Philippine banks, Asia-Pacific market


Subscribe Now
Banks are a-changin’: Omni-channel is the way to go for Asian banks


Indonesian banking sector edges near crunch time for consolidation


Breaking the tethers of Asia’s payments revolution


close Don't Show Again

STAY INFORMED! Get our free weekly newsletter