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BRANCH BANKING | Staff Reporter, Malaysia

BII inaugurates first branch in Mumbai

BII Mumbai is capitalized at US$28 million.

Bank Internasional Indonesia (BII) officially inaugurated its first branch in Mumbai. BII is a member of Malaysia’s Maybank Group, Southeast Asia's fourth largest bank by assets. The branch extends Maybank’s regional commercial banking platform further into South Asia. It is located at One Indiabulls Center, Tower 2B, Elphinstone Road (West), Mumbai.

It aims to tap into the growing trade and investment flows between India and ASEAN, supporting both Maybank’s ASEAN customers into India and building local businesses around their Indian counterparties and partners. Maybank Group President and CEO Abdul Farid Alias said the entry of BII into Mumbai marked another milestone in Maybank Group's regional expansion strategy.

"The presence of our banking operations in Mumbai through BII is a key step in supporting Maybank's vision of becoming a regional financial services leader by 2015," he said.

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