In Focus
MARKETS | Cesar Tordesillas, Malaysia

Malaysia's Maybank penetrates Laos market

No less than the Prime Minister!

The first Maybank branch in Laos was inaugurated by Malaysian PM Datuk Seri Najib Razak.

It marks marking the completion of the bank’s footprint in all the Asean member countries.

He said the event was not only significant for Maybank but also for Malaysia as it reaffirmed the role that Malaysian corporations could play in supporting the growth in neighbouring countries.

“Our financial sector is evolving, looking to new horizons; investing more internationally, strengthening connections with our regional partners, and building capability and strength beyond our borders,” the PM said at the opening of the bank’s branch at Lane Xang Avenue.

Maybank, he said, with its world class financial products services would bring new expertise to the Laotian market, build up the local talent pool and support community development.

The PM added that the demand for financial services such as insurance, stock broking, investment banking and asset management would grow following the establishment of the Asean Economic Community by 2015.

“We believe that with our presence in Laos, we will be able to facilitate greater intra Asean trade and investment,” said Maybank CEO Datuk Seri Abdul Wahid Omar.

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