Maybank to capitalise on business growth in key areas this year
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is poised to capitalise on identified business growth in key areas of Group Community Financial Services, Group Global Banking and Group Insurance and Takaful in the home markets.

In its annual report 2023 filed with Bursa Malaysia, Maybank said the focus will cut across fund-based and fee-based income, leveraging the group’s regional presence and sizeable customer base.

"The group will advance the application of value-based banking principles through its solutions and services as a strategic differentiator to drive economic value.

"In our ongoing effort to manage risks effectively, maintaining robust asset quality, ensuring sound liquidity, and bolstering strong capital reserves will remain our top priorities,” it said.

Meanwhile, the rollout of its digital solutions will be accelerated in line with its holistic, regional digital business model to address end-to-end customer lifestyle and business needs to deepen relationships with existing customers and acquire new customers.

"Investments will be made to ensure enablers and capabilities can cope with the business and operational needs,” it added.

Barring any unforeseen circumstances, the group targets to achieve a headline key performance indicator of return on equity of 11 per cent for financial year 2024.- Bernama
Banking,Maybank,Annual Report 2023,Financial,Bursa Malaysia
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is poised to capitalise on identified business growth in key areas of Group Community Financial Services, Group Global Banking and Group Insurance and Takaful in the home markets.