Maybank has received the prestigious Global Banking and Finance Review Award for the fastest growing foreign bank in Brunei for 2015.
“This is definitely one of our proudest achievements,” said Lim Yu Kwang, Country Head and General Manager of Maybank’s Brunei operations.
Talking to media yesterday at the Maybank main branch in Kiarong, he said, “We have been in Brunei for 55 years and it is (award) a testament to our commitment to Brunei and its economy and we will continue to expand more here in the coming years.
The recent government regulations imposed on both local and foreign banks have made a positive impact on Maybank as they aim to modernise the financial system of the country, he added.
According to Bobby Ski, Head of Business Banking and Transaction Banking, Maybank has experienced growth in four key areas – revenue, loans and advances, deposits and profits – achieving double digit growth since 2013.
“We have had a financially strong double digit growth in assets and we plan to expand our team in the Seria branch because there is strong potential in the area, especially with the presence of Brunei Shell Petroleum (BSP) and its contractors and sub-contractors. This expansion will enable Maybank to further enhance its contact point with our customers,” he said.
“We also focus on financing government projects, commercial and residential properties. We are extremely fortunate to have a strong finance team compromising seven competent -staff and our trade financing team is one of the most active arms of our company,” Sia continued.
Maybank is a full-fledged bank providing retail and corporate banking services. It has presence in all Asean member states and 20 other countries. Recently, the bank reached yet another milestone with the inauguration of the Maybank Premier Wealth Banking.
Also present at the event were Leong Cheng Thai, Head of Consumer Sales and Woo Chang Huei, Manager of Product and Marketing Strategy.