Maybank expects strong growth in Community Service Financial sector

Maybank expects its community financial services revenue to grow to RM12 billion in 2015, from the current RM6 billion, due partly to increases in businesses derived from its transformed branches.

According to Maybank Deputy President, Head, Community Financial Services, Lim Hong Tat the CFS currently contributes about 50 per cent of the banking group's total revenue. He explained that the community financial services includes the business banking, small-and-medium entrepreneurs and consumer banking segment.

Lim said the branch transformation programme was designed to ensure the banking group maintained its leadership through convenience, fresh look and good customer service.

"We will be spending between RM150 million and RM200 million within the next five years to transform about 150 branches and over 2,000 touch points," he added.

In the current financial year, 66 branches will be transformed, including the SS2 Petaling Jaya, Cheras Selatan, Kompleks Bandar (Jalan Kelang Lama), Alor Gajah and Melaka Main branches, which will roll out next month.

Bernama.

Also Read

Thailand’s Krungthai Bank temporarily closes two branches

Japan’s SMBC opens a branch in India’s GIFT City

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit