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Maybank Quarterly
December 2018
     

Maybank Quarterly - December 2018

Maybank nine months PBT up 8.8% to RM7.81b
 
Maybank announced that profit before tax for the nine months ended 30 September 2018 rose 8.8% to RM7.81 billion from RM7.17 billion a year earlier, supported by higher net fund based income, disciplined cost management as well as a continued decline in impairments. Net profit for the period rose 7.4% to RM5.79 billion from the RM5.39 billion recorded in the corresponding period last year.

For the third quarter of the financial year (Q3FY18), profit before tax came in marginally lower by 1.5% at RM2.64 billion from RM2.68 billion a year earlier, as net operating income saw a 3.3% dip primarily as a result of continued global market volatilities which dampened economic growth and demand in key segments. Net profit for the quarter came in at RM1.96 billion compared to RM2.03 billion in 2017.

In Singapore, we saw:
12.3% increase in net income to S$844.94 million for the nine months ended September 2018, compared with S$752.15 million in the previous corresponding period.
19.2% rise in net fee based income, boosted by higher treasury income as well bancassurance and investment income.
Net fund-based income, also increased 9.1% Y-o-Y driven by loan expansion and improvement in net interest margin.
Total loans expanded 7.1% Y-o-Y to S$41.9 billion.
Total deposits rose 1.7% to S$44.9 billion.
Consequently, PBT was up by a robust 23.5% to S$289.36 million compared with S$234.30 million a year earlier.

More information on our results can be found here.
 

 
Newsflash
 
Maybank Singapore Limited starts operations
 
Maybank completed the transfer of its Community Financial Services business in Singapore from Malayan Banking Berhad, Singapore Branch to Maybank Singapore Limited, a Singapore-incorporated subsidiary, on 5 November 2018. We thank you for your patience during the system migration period. Maybank is committed to serving you into the future after the incorporation. Find out more about this significant step for Maybank Singapore Limited here.
 
Maybank reaches out to the community
 
As an active corporate citizen, Maybank held two milestone CSR events recently. The first is the annual Maybank Global Corporate Responsibility Day on 22 September 2018 where Maybank Singapore, together with its corporate donors and employees, raised over S$500,000 in donations for the President's Challenge 2018 and Community Chest. The funds will go towards supporting programmes of four social service organisations, namely Lions Befrienders, Montfort Care, Institute of Mental Health and MINDS. The guest-of-honour Mr Tan Chuan-Jin, Speaker of Parliament of Singapore and advisor to the Community Chest, witnessed the cheque donation. Click here to watch how 1,800 Maybank employees volunteered at 50 impactful community service activities leading up to the Global CR Day.

On 21 November 2018, the Maybank Family Fund @ CDC was launched at a corporate event. In the next three years, Maybank Singapore Limited and Etiqa Insurance commit S$1.55 million to the five Community Development Councils (CDCs) with the objectives of empowering vulnerable families financially and improving their livelihoods and employability. The guest-of-honour of the event was Mr Desmond Lee, Minister for Social and Family Development and Second Minister for National Development. Five Mayors were also in attendance. More details of the new community initiative here.
 

 
HAPPENINGS
 
Visit MSpace at Maybank along Orchard Road
 
Visit MSpace at Maybank located at Orchard Shopping Centre where you can patronise caf tenant Mellower Coffee situated inside the branch while conducting your banking at the same time. Visitors are able to use the specially-created MSpace at Maybank App to order drinks, take a queue number for counter service, browse information on financial products and banking services, as well as sign up for free workshops. The new branch also houses a Maybank Private / Maybank Premier wealth centre on its mezzanine level. Mellower Coffee has concocted three Maybank-exclusive beverages that can only be found at MSpace at Maybank, namely Gold Rush Sparkling Mango, Mellower May coffee and Mellower Sumatra coffee.

Address:
321 Orchard Road #01-01/02 Orchard Shopping Centre, Singapore 238866

Opening hours of the banking hall:
Monday to Sunday (closed on Public Holiday), 11am to 7pm

Opening hours of the caf by operator Mellower Coffee:
Sunday to Thursday & Public Holiday (except for Chinese New Year), 8am to 8pm; Friday, Saturday & Eve of Public Holiday, 8am to 10pm.
 
Enjoy 1.88% p.a. on 12-month SGD Time Deposit
  In celebration of the incorporation of Maybank Singapore Limited, Maybank launched a 12-month Singapore Dollar Time Deposit bundle promotion. During the promotion period, enjoy 1.88% per annum on your time deposit when you place a minimum of S$20,000 funds into a time deposit account together with a minimum of S$2,000 in a Maybank savings or current account. This promotional rate started from 19 October 2018 and shall end on a date to be determined by Maybank.
 
Activate your mobile banking and PayNow
  Have you transacted on Maybank mobile banking app or online banking portal? All you need to do is to simply log in to Maybank Mobile Banking during the promotion period of 7 November 2018 to 2 January 2019, and stand a chance to win an iPhone XS Max weekly.

What's more, from 1 October to 31 December 2018, Maybank customers who sign up for PayNow with your NRIC and/or mobile number will stand a chance to win up to S$15,000 in a PayNow Bonus Lucky Draw. Terms and conditions apply.
 
Charge your spending to Maybank credit card overseas and get cashback
  Remember to bring your Maybank Credit Card overseas to be eligible for S$80 cash back when you spend a minimum of S$1,000 on foreign transactions! Promotion ends on 15 February 2019.

Simply SMS to 79898 from 15 November 2018 to 15 February 2019 in this format after making your transaction(s):

<SMS Code> <Name of Principal Cardmember> <NRIC> <Quantity>
E.g. OSR Jasmine Tan S1234567A 2

Limited to 1,000 eligible redemptions only, maximum of two redemptions per Cardmember. Maximum of 3 Card transactions may be combined.
 

 
AWARDS AND ACCOLADES
 
Maybank Private and Maybank Premier score with quality products and services
  Maybank Private clinched five awards at the 28th Private Banker International (PBI) Global Wealth Summit and Awards 2018 on 12 October 2018. The team received its third consecutive win for "Outstanding Private Bank for Growth Strategy - Organic". Maybank Premier also clinched its maiden win for "Outstanding Wealth Management Service for the Affluent". To top it off, seven Maybank bankers were recognised as "Outstanding Young Private Banker", up from just two winners last year.
 
The PBI Global Awards recognise exceptional individuals and institutions who have provided best-in-class products and services for the private banking industry and its high net worth clients.
 
Exemplary human capital practices recognised at Tripartite Alliance Award and Top Employer Brands
  Maybank was conferred by tripartite partners the highest accolade of "Pinnacle Winner" at the inaugural Tripartite Alliance Awards, where organisations were recognised for their progressive and fair employment practices.

The bank was awarded this in acknowledgement of its holistic people strategy and practices above and beyond the scope of the TA Awards. Maybank also won the "Age Inclusive Practices", "Fair and Progressive Employment Practices" and "Work-Life Excellence" awards, clinching the most number of awards among the winning organisations.
 
Furthermore, branding think-tank Influential Brands named Maybank a Top Employer Brand in Singapore - Maybank is the only organisation with this accolade in the financial industry.
 
Champion of Good affirms Maybank's continuous effort in doing good for the community
  For the second year running, Maybank has been recognised as a Champion of Good by the National Volunteerism & Philanthropy Centre (NVPC) for exemplary volunteerism and corporate giving initiatives. Country CEO and CEO of Maybank Singapore, Dr John Lee (third from right), said, "Maybank exemplifies our mission of 'Humanising Financial Services' by providing access to financing for disadvantaged groups. Access is not only about funding, but also about empowering our communities to save, invest and improve their living standards in the long run."
 
Over 400 Maybank's employees demonstrate service par excellence
At Maybank, we are committed to providing service from the heart. Congratulations to all Maybankers who received Excellent Service Award (EXSA) 2018 for demonstrating exemplary service attitude and raising standards in the banking sector.

This year, there were 471 EXSA winners from Maybank, more than double the number of winners compared to 2017. This means that one in every five Maybank employees you meet is an EXSA winner, making the bank the top foreign bank winner.

Kudos to our EXSA Star winner, Ms Anita Lo, Business Manager at Maybank@JurongPoint, who was one of the finalists for the Association of Banks in Singapore's Service Excellence Champion.
 

 
Humanising Finance
 
Wealth Management from a Shariah Perspective
  Humanising Finance explains the concept of Islamic wealth management (IWM), a sector that is on the rise and is supported by strong demand from Muslim and non-Muslim investors. IWM aims to provide comprehensive solutions to clients via Shariah-compliant products and services in a wealth management cycle.
 

 
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