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Maybank Quarterly
March 2017
 
     

Maybank Quarterly - March 2017

Maybank Q4FY16 net profit rises to RM2.36 billion
 
For the fourth quarter of 2016, Maybank Group's net profit was up 43% from RM1.65 billion a year earlier while profit before tax (PBT) stood at RM2.87 billion from RM2.38 billion in Q4FY15. For the full year (FY16), the Maybank Group posted a record net operating income of RM22.26 billion, a 4.8% rise year-on-year.

In Singapore, our
  • Net fee based income rose 18.1% year-on-year, boosted by a rise in treasury income and gains from investment securities
  • Loans increased by 4.5%, far outpacing the system-wide loans growth of 0.5%
  • Deposits grew at 4.5%, also above the industry which rose 4.2%
More information on our results can be found here.
 

 
Newsflash
 
Maybank SME customers can enjoy more convenient payroll processing
  SME customers can now use the MYOB payroll software, which is compatible with Maybank's Business Internet Banking, to directly credit the salaries to their employees' bank accounts. Benefits of using the software include auto-computation of salary and generation of itemised payslips for each employee.

From now till end August 2017, the first 100 SMEs with a Maybank business account and Business Internet Banking access to register for the Maybank-ABSS Payroll Promotion can enjoy an exclusive discount and pay S$599 for the MYOB payroll software (instead of the original price of S$1,262). SME customers can also earn up to S$300 worth of rewards for transacting their payroll with us.
 

 
Sunday banking available at Maybank@JurongPoint
 
 

We are pleased to share that from 26 March 2017, Maybank@JurongPoint will be open on Sundays, from 11 am to 7 pm, to provide greater convenience for customers. Sunday banking is also available at Maybank@WaterwayPoint.

 

 
HAPPENINGS
 
Get rewarded with 8% cash rebates on daily essentials in Singapore and Malaysia
  With the Maybank Family & Friends Card, earn 8% cash rebates* on top of merchant discounts for groceries, petrol, taxi rides and other family-related expenditure.

From POPULAR Bookstores to Toys 'R' Us and the LEGOLAND Theme Park in Malaysia, be rewarded for what matters most!

*Terms and conditions apply.
 

 
Discover new horizons with up to 3.2 air miles per dollar spent on dining and travel expenses
You'll be globetrotting in no time with the Maybank Horizon Visa Signature Card. Offering one of the fastest miles earn-rates, get 3.2 air miles* per dollar spent on dining, petrol and taxi rides in Singapore and up to 3.2 air miles* on travel-related expenses including hotels, air tickets, travel packages and foreign currency transactions.

*Terms and conditions apply.
 
 

 
Community Engagement
 
Youths share how Maybank empowered them to help ASEAN's poor
On 21 January, we held the inaugural eMpowering Youths Showcase event, featuring the pioneer batch of six university teams funded under the eMpowering Youths Across ASEAN programme by our CSR arm, Maybank Foundation.

The programme, which was started in 2016, provides funding of up to S$30,000 for university teams from National University of Singapore (NUS), Nanyang Technological University (NTU) and Singapore Management University (SMU), to carry out high-impact projects which address poverty issues in the region. In its pilot run, the programme has empowered over 200 university youths, and impacted the lives of over 1,500 people in Indonesia, Laos, Vietnam and the Philippines.

The first Maybank Power Up Award was presented to Project Cheway from NUS, based on the outstanding community impact and sustainability of the project. The team of 23 youths had worked with Mercy Relief in the BASECO compound, a migrant community in the Philippines, to prevent flooding of the coastal community by planting mangrove trees and installing water catchment and filtration systems to harvest rainwater for household use.

During the showcase, we also announced plans to expand the programme to other countries in the region, leveraging on our business presence in all 10 ASEAN countries.
 
Representatives from the winning Project Cheway team with Maybank senior management: Mr Shahril Azuar, CEO of Maybank Foundation (extreme left), Puan Nora Abd Manaf, Group Chief Human Capital Officer of Maybank Group, and Datuk Lim Hong Tat, CEO, Maybank Singapore.
 
Team representatives exchanging views during a panel session with Head CR, Maybank Foundation, Mr Ahmad Faezal Mohamed (2nd from left).
 

 
SME Banking team sponsors back-to-school shopping for kids
Over 50 staff from our our SME Banking team volunteered to take a group of students shopping for schooling supplies at West Coast Plaza's Popular bookstore on 19 February. The event was held in support of the Festive Cheers programme by South West Community Development Council, to show care for the less fortunate during the festive season. Staff volunteers spent a meaningful afternoon interacting with the students, and helping them to select books and stationery items which would be useful for school.
 
  The event was attended by Guest-of-Honour Mr S. Iswaran, Minister for Trade and Industry, and Maybank Singapore's management staff, Mr Choong Wai Hong, Head of Community Financial Services, Mr Allen Ng, Deputy CEO and Ms Esther Gan, Head of SME Banking.
Staff volunteers helping the kids to pick out
useful stationery supplies.
   
 
The students spent an enjoyable and fruitful afternoon interacting with our staff volunteers.
 

 
  We want to hear from you!
As we keep you informed on our new products and services, we would also love to receive your suggestions on how we can better serve you. Got more service gold moments to share? We are always ready to listen. Let us know via our feedback form.
 

 
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