Wednesday, April 16, 2008 Maybank ranked among Asia Pacific’s largest, strongest bank
MAYBANK, Malaysia’s largest and strongest bank, has been ranked among the Top 100 Banks in the Asia Pacific by The Asian Banker 300, an annual listing of the financial and business performance of the commercial banking industry in the region.
The study comprises two different lists: the first ranks the top 300 banks in the region by asset size, and the second ranks those same 300 largest banks according to strength.
Maybank, the parent bank of Maybank Philippines, is ranked number 52 largest, with assets worth $61.014 billion. The ranking was an improvement from last year’s figures – up seven notches from 59, and a 16.8 percent increase in asset size.
In fact, Maybank’s asset size even surpasses the Philippines’ six biggest banks combined.
As far as the strength ranking is concerned, the AB300 measures a bank’s scale, balance sheet growth, risk profile, profitability and asset quality using eleven key indicators: asset size; year-on-year growth in loans, deposits and operating profit; risk index; capital adequacy ratio; return on assets; cost-to-income ratio; non-interest income as a percentage of total income; bad loan coverage ratio and non-performing loan ratio. Maybank is ranked number 11 by AB300 according to strength.
Maybank is present in 12 other countries worldwide, including key financial centers such as Shanghai, Hong Kong, London, New York, Singapore, Jakarta and Bahrain.
In the Philippines, Maybank has a network of 45 branches nationwide, 20 of which are concentrated in strategic Metro Manila areas.
