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Monday, October 15, 2012

Maybank Looking To Expand In China Through Organic Growth

30 Zulkaedah 1433


BEIJING, Oct 15 (Bernama) -- Malayan Banking Bhd (Maybank) plans to become a leading "cross-border" solutions bank in the context of Asean-China by 2015, said its President and Chief Executive Officer, Datuk Seri Abdul Wahid Omar.

"Maybank was looking to expand to other big cities in China in an organic manner without involving any merger and acquisition," he said at a press conference in conjunction with the opening of its Beijing branch, the third branch after Shanghai and Hong Kong, here today.

He said in the first half of 2012, Maybank has recorded a total profit after tax of US$37 million for its Greater China operations, which include its branches in Hong Kong and Shanghai.

More information :BERNAMA


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