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Maybank makes it to world's best banks list

KUALA LUMPUR: Malaysia’s largest financial services group, Maybank, has been named as one of the World’s Best Banks 2020 by the Global Finance Magazine.

The bank had joined the list together with its counterparts in the region, namely Australia’s Commonwealth Bank, China’s ICBC, Indonesia’s Bank Mandiri, Singapore’s DBS and South Korea’s Hana Bank.

A report on the magazine’s portal said despite the current challenging external environment, Asia-Pacific banks posted a steady performance, supported by ample capital buffers, a low cost of credit, funding largely by deposits rather than capital markets, and a willingness to meet digitisation challenges through innovation.

This bodes well for the post-COVID-19 era, some close observers argue.

Continue Reading: https://www.thestar.com.my/business/business-news/2020/05/15/maybank-makes-it-to-world039s-best-banks-list